Crescent Point Energy Confirms October 2012 Dividend

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

SOURCE: Crescent Point Energy Corp.

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