Crescent Point Energy Announces Closing of a Private Placement of Notes

CALGARY, April 14, 2011 - Crescent Point Energy Corp. ("Crescent Point" or the "Company") is
pleased to announce that it has closed a private placement of long-term debt
in the form of senior guaranteed notes to a group of institutional investors.
The notes issued pursuant to the private placement are unsecured and rank
equally with Crescent Point's obligations under its bank facilities. In
total, US$165 million and CDN$50 million was raised through four separate
series of notes under various terms and rates as described in the table
below.

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    Amount             Term                                Coupon Rate
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    US$52 million      5-year term repayable in 2016          3.93%
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    US$31 million      7-year term repayable in 2018          4.58%
    -------------------------------------------------------------------------
    US$82 million      10-year term repayable in 2021         5.13%
    -------------------------------------------------------------------------
    CDN$50 million     10-year term repayable in 2021         5.528%
    -------------------------------------------------------------------------

Proceeds from the offering were used to repay a portion of the Company's
outstanding bank debt.

RBC Capital Markets acted as lead placement agent on the offering, and
HSBC Securities (USA) Inc. and National Bank of Canada acted as co-placement
agents.

The senior notes have not and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or an applicable exemption from
registration requirements.

Crescent Point Energy Corp. is a conventional oil and gas producer with
assets strategically focused in properties comprised of high-quality,
long-life, operated light and medium oil and natural gas reserves in western
Canada.

CRESCENT POINT ENERGY CORP.

Scott Saxberg,

President and Chief Executive Officer

Crescent Point shares are traded on the Toronto Stock Exchange under the
symbol CPG.

For further information: ON CRESCENT POINT ENERGY, PLEASE CONTACT: Greg
Tisdale, Chief Financial Officer, or Trent Stangl, Vice President Marketing
and Investor Relations. Telephone: +1-(403) 693-0020, Toll-free (U.S. &
Canada): 888-693-0020, Fax: +1-(403) 693-0070,
Website: www.crescentpointenergy.com

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