Mr. Brian Moss reports

CROWN POINT ANNOUNCES FILING OF FINAL PROSPECTUS AND KEY DATES FOR RIGHTS OFFERING

Crown Point Energy Inc. has filed a (final) short form prospectus in each of the provinces of Canada, other than Quebec, with respect to an offering of rights to acquire common shares of the company to raise gross proceeds of $30-million (U.S.).

Pursuant to the rights offering, each eligible registered holder of common shares as at the close of business on June 15, 2026, will receive one right for each one common share held. Each right will entitle an eligible holder thereof to acquire 3.29204388 common shares at a price of 41.150549 U.S. cents per right (representing a subscription price of 12.5 U.S. cents per common share). The subscription price must be paid in United States dollars.

The rights issued under the rights offering will be evidenced by direct registration system advices (each a rights DRS advice) and will expire at 5 p.m. Toronto time on July 13, 2026, after which time unexercised rights will be void and of no value. The rights offering includes an additional subscription privilege under which eligible holders of rights who fully exercise their rights will be entitled to subscribe for additional available common shares. Closing of the rights offering is expected to occur on or about July 15, 2026.

The prospectus and related rights DRS advices will be mailed to all eligible registered shareholders as of the close of business on the record date. Eligible registered shareholders wishing to exercise their rights must forward a completed DRS advice, together with the applicable funds (in United States dollars), to Olympia Trust Company, the rights agent of the company, on or before the expiry date. Shareholders who own their common shares through an intermediary, such as a bank, trust company, securities dealer or broker, will receive materials and instructions from their intermediary.

The common shares will trade on the TSX Venture Exchange on an "ex-rights" basis commencing on June 15, 2026. The rights will be listed for trading on the TSX-V under the symbol CWV.RT commencing on June 15, 2026, and will be de-listed from the TSX-V at noon Toronto time on the expiry date.

Under the rights offering, any rights that would otherwise be distributed by the company to shareholders who are not resident in the provinces of Canada (other than Quebec), will instead be delivered to the subscription agent, Olympia Trust Company, which will hold such rights as agent for the benefit of all such ineligible holders. Further information regarding the treatment of rights issued to shareholders resident in ineligible jurisdictions is included in the prospectus.

The company intends to use the gross proceeds of the rights offering to make an equity investment in Crown Point Energia S.A. (CPESA), the company's wholly owned subsidiary, and CPESA intends to use such funds (together with cash on hand) to repay the $30-million (U.S.) loan (plus accrued interest) obtained from Liminar Energia SA, the proceeds of which were used to finance a portion of the purchase price payable by CPESA to complete the acquisition of a 95-per-cent operated interest in the El Tordillo, La Tapera and Puesto Quiroga hydrocarbon exploitation concessions, and certain related pipeline and other infrastructure located in the province of Chubut, Argentina.

As previously announced, the company has entered into a standby purchase agreement with its largest shareholder, Liminar. Pursuant to the standby purchase agreement, subject to the satisfaction of certain conditions, Liminar has agreed to fully exercise its basic subscription privilege and exercise its additional subscription privilege to the extent necessary to subscribe for all common shares available under the rights offering. As a result, subject to the satisfaction of the terms and conditions of the standby purchase agreement, the rights offering will be fully backstopped by Liminar.

Pablo Peralta, a director of the company, is the president and a director of Liminar and controls 45 per cent of the voting shares of Liminar. Andres Peralta, the president and a director of CPESA, is a director of Liminar and indirectly controls 10 per cent of the voting shares of Liminar. Juan Llado, a director of each of the company and CPESA, is a director of Liminar. Liminar is a "control person" of the company by virtue of owning approximately 63.9 per cent of the outstanding common shares, and as such, Liminar is a "related party" of the company. No fees are payable by Crown Point to Liminar pursuant to the standby purchase agreement.

The rights offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the final acceptance of the TSX-V. Further details concerning the rights offering, including the details of the standby purchase agreement, are contained in the prospectus available on the company's SEDAR+ profile.

About Crown Point Energy Inc.

Crown Point Energy 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 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 Cuyo (or Cuyana) basins in the province of Mendoza.

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