CALGARY, Alberta, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Crown Point Energy Inc. ("Crown Point" or the "Company") is pleased to announce that its wholly-owned Argentine subsidiary, Crown Point Energia S.A. ("CPE"), has issued US$8.2 million principal amount of Series X fixed-rate secured notes ("Series X Notes") and US$46.8 million principal amount of Series XI fixed-rate unsecured notes ("Series XI Notes"), for total proceeds of US$55 million (the "Offering"). The Series X Notes are denominated and payable in US dollars and the Series XI Notes are denominated in US dollars and payable in Argentine pesos.

Payment for the Series X Notes consisted of cash, paid in US dollars. The Series X Notes will be repaid in eight equal quarterly installments commencing on December 3, 2027, with the final installment due on September 3, 2029. The Series X Notes bear interest at a fixed rate of 8.5% per annum, payable quarterly in arrears from the issue date. The Series X Notes are guaranteed with a pledge on crude oil sales collections from the El Tordillo, Puesto Quiroga and La Tapera concessions.

Payment for the Series XI Notes consisted of (i) US$21.8 million in cash, and (ii) the exchange of US$25 million principal amount of Series VII notes of the Company, which were subsequently cancelled. The Series XI Notes will be repaid in five equal semi-annual installments commencing on December 3, 2026, with the final installment due on March 3, 2029. The Series XI Notes bear interest at a fixed rate of 9.5% per annum, payable quarterly in arrears from the issue date.

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 US$300 million (or its equivalent in other currencies) established by CPE's base prospectus dated June 23, 2026, as supplemented by prospectus supplements dated July 6, 2026 and July 30, 2026, copies of which can be found in Spanish on the Financial Information Highway on the CNV website (https://www.argentina.gob.ar/cnv), on the primary placements micro-website A3 Mercados S.A., and in the Bolsas y Mercados Argentinos S.A.'s (BYMA's) daily electronic bulletin.

Following the closing of the Offering, CPE has the following notes outstanding: US$22,000,000 principal amount of Series VI Notes; US$30,000,000 principal amount of Series IX Notes, US$8,264,901 principal amount of Series X Notes; and US$46,774,854 principal amount of Series XI Notes.  

References to "US$" are to United States dollars.

For inquiries please contact:

Website: www.crownpointenergy.com

About Crown Point

Crown Point Energy Inc. 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 three producing basins in Argentina, the Golfo San Jorge basin in the Provinces of Santa Cruz and Chubut and the Neuquén and Cuyo (or Cuyana) basins in the Province of Mendoza.

Forward-looking Information: This document contains forward-looking information. This information relates to future events and the Company's future performance. All information and statements contained herein that are not clearly historical in nature constitute forward-looking information. Such information represents the Company's internal projections, estimates, expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. This information involves known or unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Crown Point believes that the expectations reflected in this forward-looking information are reasonable; however, undue reliance should not be placed on this forward-looking information, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. This press release contains forward-looking information concerning the anticipated use of proceeds of the Offering. The reader is cautioned that such information, although considered reasonable by the Company, may prove to be incorrect. Actual results achieved during the forecast period will vary from the information provided in this document as a result of numerous known and unknown risks and uncertainties and other factors. A number of risks and other factors could cause actual results to differ materially from those expressed in the forward-looking information contained in this document including, but not limited to, the risk that CPE determines to use the proceeds of the Offering for purposes other than as disclosed herein; and the risks and other factors described under "Business Risks and Uncertainties" in the Company's most recently filed management's discussion and analysis and under "Risk Factors" in the Company’s most recently filed Annual Information Form, which are available for viewing on SEDAR+ at www.sedarplus.ca. With respect to forward-looking information contained in this document, the Company has made assumptions regarding various matters, including how the proceeds of the Offering will be used. Management of Crown Point has included the forward-looking information included in this document in order to provide investors with a more complete perspective on the Company's future operations. Readers are cautioned that this information may not be appropriate for other purposes. Readers are cautioned that the foregoing lists of factors are not exhaustive. The forward-looking information contained in this document is expressly qualified by this cautionary statement. The forward-looking information contained herein is made as of the date of this document and the Company disclaims any intent or obligation to update publicly any such forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable Canadian securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.