Crown Point Ventures Ltd. Changes Name to "Crown Point Energy Inc."

CALGARY, ALBERTA--(Marketwire - July 27, 2012) - Crown Point Energy Inc. ("Crown Point") (TSX VENTURE:CWV) is pleased to announce that it has changed its name from "Crown Point Ventures Ltd." to "Crown Point Energy Inc." as part of its continuance from the Business Corporations Act (British Columbia) to the Business Corporations Act (Alberta). The name change and continuance were approved by shareholders at Crown Point's annual general and special meeting ("Meeting") held on July 27, 2012 and are effective as of July 27, 2012. Crown Point anticipates that it will begin trading under its new name on the TSXV on July 31, 2012.

Shareholders also approved Crown Point's new option plan (which will replace Crown Point's existing option plan) and reappointed Crown Point's board of directors at the Meeting.

About Crown Point

Crown Point Energy Inc. is an international oil and gas exploration and development company headquartered in Calgary Canada, incorporated in Alberta, trading on the TSX Venture Exchange (TSXV) and operating in South America. Crown Point's exploration and development activities are focused in the Golfo San Jorge, Neuquén and Austral 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.