Crown Point Ventures Ltd.
TSX VENTURE : CWV

Crown Point Ventures Ltd.

March 27, 2008 09:00 ET

Crown Point Ventures Ltd. Completes Successful Workover in Manitoba

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 27, 2008) - Crown Point Ventures Ltd. (The Company) (TSX VENTURE:CWV) is pleased to report that the recently completed refracturing job on Well 6-15-8-29W1 in the Sinclair Field, Manitoba has been successful and is providing additional cash flow to the company. The well has increased in production to an average of 80.2 bbl/d during February from between 1-2 bbl/d previously. The company has a 42% Working Interest in the well and recovered the direct cost associated with the work program in less than a week.

Gordon Kettleson, President and CEO, states, "This is a good result for the company and adds additional revenue which will be added to our current production to continue funding our exploration and production projects in Argentina."

In addition, Wells 2-3-9-29W1, 4-3-9-29W1 and 7-3-9-29W1 in the Sinclair field, Manitoba have all reached payout stage and Crown Point now maintains a 42% working interest in all future production from these assets. Our present volume is 95 barrels per day.

This news release contains forward looking statements. Forward looking statements involve inherent risks and uncertainties where actual results may differ and such differences may be material.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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