Crown Point Files Letter to Shareholders and Management Information Circular for February 24 Shareholder Meeting - Seite 3

The evidence of our progress is the 14-well exploration and development program underway in TDF. We have issued operating updates to keep you informed, and on page i and ii of the Management Information Circular we have provided a summary of the program's results so far.

The TDF exploration and development program is critical to Crown Point's growth but of course it comes with a price tag. In 2015 we are budgeting to pay approximately US$7.4 million for our 25.78% share of TDF capital expenditures, the majority of which will occur in the first half of the year. This includes approximately US$1.3 million to wrap up our 14-well program and US$6.1 million as our share of an anticipated five-well 2015 follow-up program that is currently in the planning stages.

This is one of the key reasons why we arranged the US$8.5 million Second Tranche private placement with our two strategic investors (the "Strategic Financing"). We have negotiated the best possible terms for the Strategic Financing and we are confident that it is the best source of financing available to fund our growth program.

We ask that you vote FOR the Second Tranche of the Strategic Financing.

Our Board is focused on enhancing shareholder value

We urge you to vote AGAINST the dissidents, who are seeking 60% of the Board seats while owning just 5% of Crown Point's shares. Instead, you should continue to support our incumbent Board, who collectively own 22% of Crown Point's shares. LAIG proposes to replace our seven strong and capable non-management directors. Read the Management Information Circular to see why our non-management directors are far superior to LAIG's dissident Board nominees.

Moreover, we believe that LAIG's strategy has severe shortcomings. By closing Crown Point's Calgary head office, LAIG would eliminate the valuable contribution of our Calgary-based executive team in the form of strategic leadership, technical operations experience, financial management and capital markets experience, Canadian corporate governance expertise and Canadian regulatory compliance and disclosure expertise.

And then there is the cornerstone of this entire proxy fight: LAIG's Inferior Proposal. Given its significance, shareholders should be troubled that LAIG has not disclosed its Inferior Proposal publicly, particularly since LAIG has criticized our Strategic Financing.

What else is LAIG not telling you? As you read our Management Information Circular, we think you will agree with us that no weight should be given to LAIG's claim that it will deliver "greater transparency and more clarity in communicating to the market." Our view is that the opposite is more likely, given the shortcomings that we believe exist in LAIG's disclosures to date.