Vancouver, B.C. – Crown Point Ventures Ltd. (TSX.V: CWV) (the “Company”) announces, further to its News Release dated September 29, 2008, that it has received final acceptance from the TSX Venture Exchange for the sale of its Sinclair Field assets, and that it has closed the sale of those assets to Tundra Oil & Gas Partnership, an arm’s-length purchaser. Total proceeds received by the Company, including adjustments, amounted to $6,464,830.