Mr. Brian Moss reports

CROWN POINT ANNOUNCES PLACEMENT OF US$30.0 MILLION OF SERIES IX NOTES

Crown Point Energy Inc.'s wholly owned Argentinian subsidiary, Crown Point Energia S.A. (CPE), has issued a total of $30.0-million (U.S.) principal amount of Series IX secured fixed-rate notes, which are denominated in U.S. dollars and payable in Argentinian pesos.

Payment for the Series IX notes consisted of the following:

• $24,597,000 (U.S.) principal amount of Series IX notes were issued for cash consideration, payable in pesos;
• $5,403,000 (U.S.) principal amount of Series IX notes were issued in exchange for the surrender and cancellation of $5,403,000 (U.S.) principal amount of Series V notes of the company at an exchange ratio of $100 (U.S.) principal amount of Series IX notes for every $100 (U.S.) principal amount of Series V notes.

The total principal amount of the Series IX notes will be repaid in 10 equal instalments starting on Oct. 30, 2026, and the last instalment will be payable on Jan. 30, 2029. The Series IX notes accrue interest at a fixed rate of 10.75 per cent per annum, payable every three months in arrears from the issue date. The Series IX notes are guaranteed with a pledge on crude oil sales collections from the El Tordillo, Puesto Quiroga and La Tapera concessions.

The net proceeds from the offering will be used for general corporate purposes and to make investments in the development of assets in Argentina.

The offering was made pursuant to CPE's negotiable obligations issuance global program for up to $300-million (U.S.) (or its equivalent in other currencies or units of value) established by CPE's base prospectus dated June 18, 2025, as amended on Nov. 4, 2025, and supplemented by prospectus supplement dated Jan. 23, 2026, copies of which can be found in Spanish on the financial information highway on the CNV website, on the primary placements microwebsite (MPMAE) of A3 Mercados S.A., and in the Bolsas y Mercados Argentinos S.A.'s and A3's daily electronic bulletin.

Following the closing of the offering, CPE has the following notes outstanding: $1,780,058 (U.S.) principal amount of Series V notes; $22-million (U.S.) principal amount of Series VI notes; $25-million (U.S.) principal amount of Series VII notes; and $30-million (U.S.) principal amount of Series IX notes.

About Crown Point Energy Inc.

Crown Point is an international oil and gas exploration and development company headquartered in Buenos Aires, Argentina, incorporated in Alberta, Canada, trading on the TSX Venture Exchange and operating in Argentina. Crown Point's exploration and development activities are focused in 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 Cuyano basins in the province of Mendoza.

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