Crown Point Acquires 35.6706% Interest in El Tordillo, La Tapera and Puesto Quiroga Hydrocarbon Exploitation Concessions in Chubut, Argentina

Executive Summary

• Crown Point Energy’s subsidiary closed the purchase of a 35.6706% participating interest in the El Tordillo, La Tapera and Puesto Quiroga concessions (the “Chubut Concessions”) from Pampa Energía for US$2.3 M plus up‑to‑US$3.5 M contingent consideration.
• The company plans to acquire an additional 59.32947% interest in the same concessions from Tecpetrol and YPF later in Q4, subject to regulatory approvals and financing.
• Financing is being arranged to fund the pending acquisition; completion depends on TSX Venture Exchange approval and other customary closing conditions.

Key Details

• Acquisition Completed: 35.6706% interest in Chubut Concessions purchased from Pampa Energía.
• Purchase Price Paid: US$0.3 M to a third party for the right to purchase + US$2.0 M cash to Pampa (subject to customary closing adjustments).
• Contingent Consideration: Up to US$3.5 M payable to Pampa based on agreed milestones or performance criteria.
• Pending Acquisition: Additional 59.32947% interest from Tecpetrol S.A. and YPF S.A. scheduled for Q4‑2025 closing.
• Regulatory Conditions: Completion requires TSX Venture Exchange approval, other regulatory clearances, and satisfaction of customary closing conditions.
• Financing Arrangements: Crown Point is actively arranging financing to fund the pending purchase price; details not disclosed.
• Related Prior Announcements: References to earlier press releases on June 9 2025 and September 30 2025 for additional context on the Chubut Concessions acquisition.

Notable Quotes

(No direct quotes were provided in the release.)