Mr. Brian Moss reports

CROWN POINT ACQUIRES 35.6706% INTEREST IN EL TORDILLO, LA TAPERA AND PUESTO QUIROGA HYDROCARBON EXPLOITATION CONCESSIONS IN CHUBUT, ARGENTINA

Crown Point Energy Inc.'s wholly owned subsidiary, Crown Point Energia SA, has closed the previously announced acquisition from Pampa Energia SA of a 35.6706-per-cent interest in El Tordillo, La Tapera and the Puesto Quiroga hydrocarbon exploitation concessions (the Chubut concessions) and certain related infrastructure.

Crown Point paid $300,000 (U.S.) to a third party to acquire the right to purchase Pampa's participating interest in the Chubut concessions and paid $2.0-million (U.S.) to Pampa to acquire the participating interest, subject to customary closing adjustments. Following closing, contingent consideration of up to $3.5-million (U.S.) is payable to Pampa.

The acquisition of an additional 59.32947-per-cent interest in the Chubut concessions from Tecpetrol SA and YPF SA is scheduled to close later in the fourth quarter. Completion of these acquisitions remains subject to, among other things, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange, and the satisfaction of other customary closing conditions. The company is currently in the process of arranging the necessary financing to finance the purchase price for these acquisitions.

For additional details regarding the acquisition and the Chubut concessions, see the company's press releases issued on June 9 and Sept. 30, 2025.

About Crown Point Energy Inc.

Crown Point is an international oil and gas exploration and development company headquartered in Buenos Aires, Argentina, incorporated in Canada, trading on the TSX Venture Exchange and operating in Argentina. Crown Point's exploration and development activities are focused on four producing basins in Argentina, the Golfo San Jorge basin in the provinces of Santa Cruz and Chubut, the Austral basin in the province of Tierra del Fuego, and the Neuquen and Cuyo (or Cuyana) basins in the province of Mendoza.

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