Crown Point Obtains Approval to Proceed With the Sale of Sinclair Field Assets

Thu Sep 25, 4:30 PM

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 25, 2008) - Crown Point Ventures Ltd. (TSX VENTURE: CWV.V) (the "Company") reports that The Company has received acceptance from The Toronto Stock Exchange in addition to Shareholder approval to proceed with the sale of its interests in the Sinclair field as originally stated in a press release issued on September 9, 2008. The Company will receive $6,348,000 for the sale of its interests in the field. At the time the offer was received the field was producing 57 BOPD ("barrels of oil per day"). The closing date for the sale is planned for September 30th, 2008.

This News Release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contacts

Gordon Kettleson
Crown Point Ventures Ltd.
President
(604) 682-3255
(604) 689-4960 (FAX)
Website: www.crownpointventures.ca