Crescent Point Energy Completes $375 Million Bought Deal Financing

CALGARY, September 21, 2011 -

Crescent Point Energy Corp. (”Crescent Point” or the “Company”) (TSX: CPG) has closed its recently announced bought deal financing. A total of 8,625,000 Crescent Point shares have been issued at a price of $43.50 per share for gross proceeds of approximately $375 million. The syndicate of underwriters was co-led by BMO Capital Markets and CIBC, and included Scotia Capital Inc., RBC Capital Markets, FirstEnergy Capital Corp., TD Securities Inc., National Bank Financial Inc., GMP Securities L.P., Macquarie Capital Markets Canada Ltd. and Peters & Co. Limited. The underwriters have an over-allotment option to purchase, on the same terms, up to an additional 1,293,750 Crescent Point shares. This option is exercisable, in whole or in part, by the underwriters at any time up to 30 days from today’s closing date. In the event the option is exercised in whole or in part, the Company will announce the proceeds at that time.

The first dividend in which these shares will be entitled to participate is expected to be for the month of September 2011, which is expected to be paid on October 17, 2011.

This news release is not for dissemination in the United States or to any United States news services.  The shares of Crescent Point have not and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold in the United States or to any U.S. person except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws.

Crescent Point 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 United States and Canada.

Scott Saxberg,
President and Chief Executive Officer

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

Crescent Point Energy Corp.
Suite 2800, 111-5^th Avenue S.W.
Calgary, AB., T2P 3Y6

For further information:

ON CRESCENT POINT ENERGY CORP. PLEASE CONTACT:

    
    Greg Tisdale, Chief Financial Officer, or Trent Stangl, Vice President
    Marketing and Investor Relations.
    Telephone: +1(403)-693-0020
    Toll free (US & Canada): 888-693-0020
    Fax: +1(403)-693-0070
    Website: www.crescentpointenergy.com

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