Crescent Point Energy Confirms May 2012 Dividend

CALGARY, May 15, 2012 /CNW/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") confirms that the cash dividend to be paid on June 15, 2012 in respect of May 2012 production, for shareholders of record on May 31, 2012 will be $0.23 per share. The ex-dividend date is May 29, 2012.

These dividends are designated as "eligible dividends" for Canadian income tax purposes.

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 United States and 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.

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: [phone]  Toll free (U.S. & Canada): 888-693-0020

Fax:    [phone]       Website: www.crescentpointenergy.com