Crown Point Energy Inc.

Crown Point Energy Inc.

May 09, 2014 19:00 ET

Crown Point Announces Stock Option Grant

CALGARY, ALBERTA--(Marketwired - May 9, 2014) - Crown Point Energy Inc. ("Crown Point" or the "Company") (TSX VENTURE:CWV) announces that the board of directors of the Company, as part of its compensation process, has granted options to directors, officers and employees of the Company and its subsidiaries. Of the 1.28 million options granted, a total of 1.0 million options were granted to directors and officers of the Company and its subsidiaries. Each option has an exercise price of C$0.87 per share and is exercisable for a period of five years from the date of grant.

About Crown Point

Crown Point Energy Inc. is an international oil and gas exploration and development company headquartered in Calgary, Canada, incorporated in Canada, trading on the TSX Venture Exchange and operating in South America. Crown Point's exploration and development activities are focused in the, Neuquén, Austral and Golfo San Jorge basins in Argentina. Crown Point has a strategy that focuses on establishing a portfolio of producing properties, plus production enhancement and exploration opportunities to provide a basis for future growth.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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