Crown Point Energy Inc.
TSX VENTURE : CWV

Crown Point Energy Inc.

November 13, 2014 23:24 ET

Crown Point Energy Inc. Receives a Requisition Requesting a Special Meeting of Shareholders

CALGARY, ALBERTA--(Marketwired - Nov. 13, 2014) - Crown Point Energy Inc. (TSX VENTURE:CWV) ("Crown Point" or the "Company") announced today, further to the news release dated November 11, 2014, that it has received a shareholder meeting requisition from LAIG Oil Investments, which purports to hold 6,943,200 common shares of the Company, pursuant to the provisions of the Business Corporations Act (Alberta). The requisition requests that the Board of Directors call a special meeting of Crown Point's shareholders to consider removing from office certain of the existing directors of Crown Point, reducing the number of directors, and electing to the Board of Directors the nominees submitted by the requisitioning shareholder. The Board of Directors of Crown Point will review the requisition and will provide an update to shareholders in due course.

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 Austral and Neuquén 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.

Advisory.

Certain information set forth in this document, including the statement that the Board of Directors of Crown point will review the requisition and will provide an update to shareholders in due course, are considered forward-looking information, and necessarily involve risks and uncertainties, certain of which are beyond Crown Point's control. Such risks include but are not limited to delays on reviewing the requisition and delays on updating shareholders in the time periods contemplated herein. Actual results, performance or achievements could differ materially from those expressed in, or implied by, the forward-looking information and, accordingly, no assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do, what benefits that Crown Point will derive therefrom. With respect to forward-looking information contained herein, the Company has made assumptions regarding the anticipated timing for the review of the requisition and the current intentions of the board with respect to updating shareholders. Additional information on these and other factors that could affect Crown Point are included in reports on file with Canadian securities regulatory authorities, including under the heading "Risk Factors" in the Company's annual information form, and may be accessed through the SEDAR website (www.sedar.com). Furthermore, the forward-looking information contained in this document are made as of the date of this document, and Crown Point does not undertake any obligation to update publicly or to revise any of the included forward looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities law.

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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