Mr. Brian Moss reports

CROWN POINT ANNOUNCES CLOSING OF RIGHTS OFFERING

Crown Point Energy Inc. has completed its previously announced rights offering, which expired on July 13, 2026. At closing, Crown Point issued 240 million common shares of the company at a price of 12.5 U.S. cents per common share for gross proceeds of $30-million (U.S.) (approximately $42,147,000 (Canadian) based on the daily exchange rate published by the Bank of Canada of $1 (U.S.) to $1.4049 (Canadian) on July 15, 2026). Following the closing of the rights offering, Crown Point has 312,903,038 common shares issued and outstanding.

Liminar Energia S.A., an insider and the company's largest shareholder, acquired an aggregate of 238,289,708 common shares in connection with the rights offering pursuant to its standby commitment. Liminar now owns an aggregate of 284,876,536 common shares, representing approximately 91 per cent of the issued and outstanding common shares following closing.

The gross proceeds of the rights offering were used by the company to make an equity investment in Crown Point Energia S.A. (CPESA), the company's wholly owned subsidiary, and CPESA used such funds (together with cash on hand) to repay the $30-million (U.S.) loan (and accrued interest) obtained from Liminar, the proceeds of which were used to finance a portion of the purchase price payable by CPESA to complete the acquisition of, among other things, a 95-per-cent operated interest in the El Tordillo, La Tapera and Puesto Quiroga hydrocarbon exploitation concessions located in the province of Chubut, Argentina. For further details, see the (final) short form prospectus of the company dated June 5, 2026, a copy of which is available on the company's SEDAR+ profile.

There were no selling fees or commissions paid in connection with the distribution.

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 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.