CALGARY, July 15, 2011 /CNW/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") confirms that the cash dividend to be paid on August 15, 2011 in respect of July 2011 production, for shareholders of record on July 31, 2011 will be $0.23 per share. The ex-dividend date is July 27, 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.

Crescent Point Energy Corp.
Suite 2800, 111-5^th Avenue S.W.
Calgary, AB., T2P 3Y6