Coral Hill Energy Ltd. has entered into an arrangement agreement with Crescent Point Energy Corp. pursuant to which Crescent Point will acquire all of the issued and outstanding common shares of Coral Hill not already owned by Crescent Point by way of a plan of arrangement on the basis of 0.0567 of a common share in the capital of Crescent Point for each Coral Hill Share.

All of the directors and officers and certain shareholders of Coral Hill, representing approximately 36.9% of the issued and outstanding Coral Hill Shares, have entered into voting support agreements with Crescent Point pursuant to which they have agreed to, among other things, support the Arrangement and vote their Coral Hill Shares in favour of the Arrangement, subject to the terms of such agreements.

Commenting on the Arrangement, Don Rae, President and Chief Executive Officer of Coral Hill stated:'Crescent Point's acquisition of Coral Hill provides our shareholders with the opportunity to not only receive Crescent Point's shares, which offer compelling value, but the ability to participate in the continued development of our assets while gaining exposure to some of the most economic light oil resource plays in North America.'

Tags: Coral Hill Energy Ltd., Crescent Point Energy Corp.