GP Energy Cancels North Sea Farm-In

Gold Point Energy Corp.

Gold Point Energy Corp. ("GP Energy") reports that after further review it has decided not to proceed with the farm-in of UK North Sea Petroleum Production License P.1244, Blocks 48/2b, and 48/3b Deltaic Systems Limited of Surrey, England ("Deltaic"). Instead, the Company will continue to focus on oil and gas exploration and development opportunities in South America.