Crown Point Files Letter to Shareholders and Management Information Circular for February 24 Shareholder Meeting

CALGARY, ALBERTA--(Marketwired - Jan. 23, 2015) -

Editor's Note: There is a graphic associated with this press release.

Crown Point Energy Inc. (TSX VENTURE:CWV) ("Crown Point" or the "Company") today announced that it is filing on SEDAR and is mailing a Letter to Shareholders and Management Information Circular for the Shareholder Meeting (the "Meeting") scheduled for February 24, 2015.

In the documents, Crown Point presents compelling reasons for its shareholders to vote the white proxy and approve the US$8.5 million second tranche private placement of shares (the "Second Tranche") with two strategic investors, and vote against the attempt by dissident LAIG Oil Investments ("LAIG") to take control of the Board of Directors and the Company.

"The February 24 vote is critical to Crown Point's future. Shareholders need to act now to protect their investment and prevent a disingenuous dissident from taking control of Crown Point. We are asking shareholders to vote the white proxy and give the green light to growth, investment and experience and to halt LAIG's opportunistic plans," said Crown Point Chairman, Gordon Kettleson.

"In the course of preparing for the Shareholder Meeting, we have uncovered many troubling facts that suggest to us that LAIG may not be all that it purports to be. We urge shareholders to read the meeting materials in full to understand LAIG's shortcomings, its self-serving financing plans and the risks it presents to Crown Point. Help us stop LAIG and protect Crown Point's bright future by voting the white proxy against the dissidents and for the Second Tranche."

The complete Letter to Shareholders from Crown Point is included at the end of the news release. This document, along with the Management Information Circular, will also be available on www.crownpointenergy.com/proxycontest and on SEDAR, www.sedar.com. The proxy voting deadline is 10 am (Calgary Time) on February 20, 2015.

For voting inquiries, or assistance with voting, contact Crown Point's Proxy Solicitor

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 Austral and Neuquén 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.