Crown Point Ventures Ltd.
TSX VENTURE : CWV

Crown Point Ventures Ltd.

May 06, 2009 17:38 ET

Crown Point Ventures Ltd. Announces Corporate Reorganization

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 6, 2009) - Crown Point Ventures Ltd. (the "Company") (TSX VENTURE:CWV) announces changes to management. These changes are effective today, as follows:

Mr. Murray D. McCartney, of Banff, Alberta has assumed the roles of President and Chief Executive Officer, and has been appointed to the Board of Directors. He replaces former Chief Executive Officer John Cassels. Mr. McCartney has had over 28 years experience in the petroleum industry in both private and public companies. From 1994 -2004 Murray was a director and CEO of Cavell Energy Corp. and was instrumental in its divestiture to a leading large royalty trust company. From 2004-2008 Mr. McCartney was president and CEO of the private company Adamant Energy. Murray and his team built Adamant into a 3000 barrel per day company before selling to an Alberta based intermediate in May of 2008. Given Mr. McCartney's proven success in the industry, the Board of Directors is delighted to have Murray aboard and looks to a bright future for the company and their shareholders.

Mr. Hal Kettleson has resigned as Chairman of the Board of Directors, although he remains a Director.

Mr. Gordon R. Kettleson has resigned as President, although he remains a Director and has been appointed Chairman of the Board.

Mr. Jonathan Barlow has resigned as VP Communications and has relocated to Buenos Aires to be General Manager of "Crown Point Oil and Gas S.A.".

About Crown Point Ventures Ltd.

Crown Point Ventures Ltd. is a junior oil and gas exploration and production company with properties in Canada and Argentina. It is focused on acquiring working interests in a diversified portfolio of oil and gas assets that provide a high probability of long term growth.

Neither the 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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