NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, May 1, 2012 /CNW/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG ) today closed the previously announced acquisition of Reliable Energy Ltd. ("Reliable") by way of plan of arrangement (the "Arrangement"). With completion of the Arrangement, Crescent Point consolidates the assets previously held through a joint venture with Reliable in the Bakken light oil play in southwest Manitoba and acquires production of approximately 1,000 boe/d, as well as a land base of more than 135 net sections. This news release is not for dissemination in the United States or to any United States news services.