CRESCENT POINT ENERGY CONFIRMS MARCH 2011 DIVIDEND

CALGARY, March 15 /CNW/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") confirms that the cash dividend to be paid on April 15, 2011 in respect of March 2011 production, for shareholders of record on March 31, 2011 will be $0.23 per share. The ex-dividend date is March 29, 2011.

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

Crescent Point 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 western 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.

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: (403) 693-0020         Toll free (US & Canada): 888-693-0020 
Fax:    (403) 693-0070           Website: www.crescentpointenergy.com