Crown Point Announces Issue of US$8.2 Million of Series X Notes and US$46.8 Million of Series XI Notes

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CALGARY, Alberta, Sept. 03, 2026 (GLOBE NEWSWIRE) — Crown Point Energy Inc. (“Crown Point” or the “Company“) is pleased to announce that its wholly-owned Argentine subsidiary, Crown Point Energia S.A. (“CPE“), has issued US$8.2 million principal amount of Series X fixed-rate secured notes (“Series X Notes“) and US$46.8 million principal amount of Series XI fixed-rate unsecured notes (“Series XI Notes“), for total proceeds of US$55 million (the “Offering“). The Series X Notes are denominated and payable in US dollars and the Series XI Notes are denominated in US dollars and payable in Argentine pesos.

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Payment for the Series X Notes consisted of cash, paid in US dollars. The Series X Notes will be repaid in eight equal quarterly installments commencing on December 3, 2027, with the final installment due on September 3, 2029. The Series X Notes bear interest at a fixed rate of 8.5% per annum, payable quarterly in arrears from the issue date. The Series X Notes are guaranteed with a pledge on crude oil sales collections from the El Tordillo, Puesto Quiroga and La Tapera concessions.

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Payment for the Series XI Notes consisted of (i) US$21.8 million in cash, and (ii) the exchange of US$25 million principal amount of Series VII notes of the Company, which were subsequently cancelled. The Series XI Notes will be repaid in five equal semi-annual installments commencing on December 3, 2026, with the final installment due on March 3, 2029. The Series XI Notes bear interest at a fixed rate of 9.5% per annum, payable quarterly in arrears from the issue date.

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The net proceeds from the Offering will be used for general corporate purposes and to make investments in the development of assets in Argentina.

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The Offering was made pursuant to CPE’s Negotiable Obligations Issuance Global Program for up to US$300 million (or its equivalent in other currencies) established by CPE’s base prospectus dated June 23, 2026, as supplemented by prospectus supplements dated July 6, 2026 and July 30, 2026, copies of which can be found in Spanish on the Financial Information Highway on the CNV website (https://www.argentina.gob.ar/cnv), on the primary placements micro-website A3 Mercados S.A., and in the Bolsas y Mercados Argentinos S.A.’s (BYMA’s) daily electronic bulletin.

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Following the closing of the Offering, CPE has the following notes outstanding: US$22,000,000 principal amount of Series VI Notes; US$30,000,000 principal amount of Series IX Notes, US$8,264,901 principal amount of Series X Notes; and US$46,774,854 principal amount of Series XI Notes.  

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References to “US$” are to United States dollars.

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For inquiries please contact:

Article content Brian J. Moss Marcos Esteves Interim President & CEO Vice-President, Finance & CFO Ph: (403) 232-1150 Ph: +54 11 4776 0622 Crown Point Energy Inc. Crown Point Energy Inc. [email protected] [email protected]