Mr. Brian Moss reports

CROWN POINT ANNOUNCES MANAGEMENT CHANGES

Crown Point Energy Inc.'s board of directors has appointed Dr. Brian Moss as the interim president and chief executive officer of the company. Dr. Moss has been a director of Crown Point since December, 2017, and also served as a director from May, 2012, to April, 2015. In addition, he served as Crown Point's president and chief executive officer from November, 2016, to February, 2022. He will serve in these roles until the board completes its search for a full-time replacement.

Crown Point also announces that Marisa Tormakh has resigned as the company's vice-president, finance, and chief financial officer to pursue other opportunities.

Gordon Kettleson, Crown Point's chairman, said, "On behalf of our board of directors and staff, I would like to thank Marisa for her dedicated service to Crown Point."

The board is pleased to announce that it has appointed Marcos Esteves to replace Ms. Tormakh as Crown Point's vice-president, finance, and CFO, effective today. Since 2016, Mr. Esteves has invested in, and owned and operated, small oil service companies supporting drilling activities in the Vaca Muerta shale formation in Argentina. He previously worked in various investment banking roles, including: as the chief financial officer and the managing director of the Buenos Aires office of Deutsche Bank AG (2006 to 2016), where he led the overall financial strategy and operational performance for the Argentine office; and as vice-president, sales and trading, of the Buenos Aires office of JPMorgan Chase & Co. (1997 to 2006), where he managed institutional fixed-income sales and trading activities for major corporate and sovereign clients. He has a bachelor of science in engineering from Tulane University and an MBA from Carnegie Mellon University.

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.