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CALGARY, ALBERTA -- (Marketwire) -- 01/31/13 -- The Board of Directors of Crown Point Energy Inc. (TSX VENTURE: CWV), as part of its compensation process, has granted options to directors, officers and existing employees of the corporation and its subsidiaries. Of the 2.775 million options granted, a total of 1.95 million options were granted to directors and officers of the corporation or its subsidiaries. Each option has a strike price of 37 cents per share and is exercisable for a period of five years from the date of grant.

About Crown Point

Crown Point Energy Inc. is an international oil and gas exploration and development Company headquartered in Calgary Canada, incorporated in Canada, trading on the TSX Venture Exchange and operating in South America. Crown Point's exploration and development activities are focused in the Golfo San Jorge, Neuquen and Austral basins in Argentina. Crown Point has a strategy that focuses on establishing a portfolio of producing properties, plus production enhancement and exploration opportunities to provide a basis for future growth.

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.



Contacts:
Crown Point Energy Inc.
Murray McCartney
President & CEO
(403) 232-1150
[email protected]

Crown Point Energy Inc.
Arthur J.G. Madden
Vice-President & CFO
(403) 232-1150
(403) 232-1158 (FAX)
[email protected]
www.crownpointenergy.com