Crown Point Ventures Ltd.
TSX VENTURE : CWV

Crown Point Ventures Ltd.

July 15, 2008 09:15 ET

Crown Point Ventures Ltd. to Drill 2 Bakken Wells in South East Saskatchewan

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 15, 2008) - Crown Point Ventures Ltd. (the "Company") (TSX VENTURE:CWV) has been informed by the operator, Interwest Enterprises Ltd., that they have scheduled a drill rig to spud the 1st of two consecutive wells in south east Saskatchewan July 18th. These wells will test the Bakken formation that is prolific in this area of south east Saskatchewan. The Company holds a 47.5% working interest in both wells. Total cost to the Company will be $384,000 and will be financed through the Company's cash flow. Drilling is expected to take four days per well. The Company and its working interest partners hold the mineral leases on 5,000 net acres of land in south east Saskatchewan.

This news Release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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