An electronic copy of the AIF may be obtained on Crescent Point's website at www.crescentpointenergy.com, on the Company's SEDAR profile at www.sedar.com and on the Company's EDGAR profile at www.sec.gov/edgar.shtml. Net asset value (NAV) or 2P NAV or PDP NAV is a snapshot in time as at year-end, and is based on the Company's reserves evaluated using the independent evaluators forecast for future prices, costs and foreign exchange rates. the information to the Commission pursuant to Rule 12g3-2(b) under equity derivative contracts, less cash, accounts receivable, Excess cash flow is calculated as free cash flow less dividends. Based on Sproule's December 31, 2019, escalated price forecast. Preliminary 2021 outlook to sustain or exceed second half 2020 Certain statements contained in this press release constitute assumptions are disclosed in the Management's Discussion and Additional information on Crescent Point's 2019 reserves is provided in its Annual Information Form ("AIF") for the year-ended December 31, 2019. Based on preliminary work done on its 2021 program and current All financial figures are approximate and in Canadian dollars unless otherwise noted. Adjusted funds flow from operations per share - diluted is calculated as adjusted funds flow from operations divided by the number of weighted average diluted shares outstanding. annual reports under cover of Form 20-F or Form 40-F. Indicate The following table reconciles cash flow from operating activities to adjusted funds flow from operations: (1) On initial adoption of IFRS 16, the Company elected to use the modified retrospective approach; therefore, comparative information has not been restated. accrued liabilities and long-term compensation liability net of context of commodity prices. The Company also retains continued All subsequent forward-looking statements, whether written or oral, attributable to Crescent Point or persons acting on the Company's behalf are expressly qualified in their entirety by these cautionary statements. Throughout this press release, the Company uses the terms "adjusted funds flow", "adjusted funds flow from operations", "adjusted funds flow from operations per share - diluted", "adjusted net earnings from operations", "adjusted net earnings from operations per share - diluted", "free cash flow", "excess cash flow", "net debt", "net debt to adjusted funds flow from operations", "netback", "operating netback" and "adjusted funds flow from operations netback". The NAV per share is calculated on a fully diluted basis. CALGARY, AB, Sept. 1, 2020 /CNW/ - Crescent Point Energy Corp. contained in this Form, the registrant is also thereby furnishing 888-693-0020  Fax: (403) 693-0070 production increasing by approximately 20 percent. FOR MORE INFORMATION ON CRESCENT POINT ENERGY, PLEASE CONTACT: Brad Borggard, Senior Vice President, Corporate Planning and Capital Markets, orShant Madian, Vice President, Investor Relations and Corporate CommunicationsTelephone: (403) 693-0020 Toll-free (US and Canada): 888-693-0020  Fax: (403) 693-0070Address: Crescent Point Energy Corp. Suite 2000, 585 - 8th Avenue S.W.Calgary AB  T2P 1G1www.crescentpointenergy.com. strip prices. The The capital expenditures also exclude capitalized administration costs and transaction costs. Readers are cautioned not to place undue reliance on the forward-looking information, … Actual reserve values may be greater than or less than the estimates provided herein. Crescent The reserve data provided in this news release presents only a portion of the disclosure required under National Instrument 51-101. applicable law. View original Crescent Point will remain disciplined in its capital allocation and plans to continue prioritizing further net debt reduction and accretive share repurchases given the current discounted share price. All forward-looking statements are based on Crescent Point's beliefs and assumptions based on information available at the time the assumption was made. The Company plans to build on this success in 2020 and will continue to focus on its key value drivers of disciplined capital allocation, cost efficiencies and balance sheet strength. in this press release, as defined by applicable securities All subsequent forward-looking statements, whether are discretionary and are excluded as they may vary based on the Adjusted funds flow from operations as presented is not intended to represent cash flow from operating activities, net earnings or other measures of financial performance calculated in accordance with IFRS. Developed Producing Reserve value is calculated similarly but excludes probable and proved reserves that are not producing. Unless otherwise noted, reserves referenced herein are given as at December 31, 2019. Total Changes in FDC can result from acquisition and disposition activities, development plans or changes in capital efficiencies due to inflation or reductions in service costs and/or improvements to drilling and completion methods. "2019 was the first full year of our team's new strategic direction and involved significant realignment in many parts of our business. Management believes the presentation of the Non-GAAP measures above acquisition and disposition activity and to ensure that this metric Reserves and Drilling DataThe reserves information contained in this press release has been prepared in accordance with NI 51-101. price environment; expected total net debt reduction in 2020; headings "Capital Expenditures", "Liquidity and Capital Resources", less capital expenditures, payments on lease liability, asset half of 2020. Crescent Point's successful execution in 2019 significantly enhanced its financial position and sustainability. efficiencies and balance sheet strength; and a strong financial F&D costs can include or exclude changes to future development capital costs. CONFERENCE CALL DETAILSCrescent Point management will host a conference call on Thursday, March 5, 2020 at 10:00 a.m. MT (12:00 p.m. Crescent Point expects to generate approximately $125 million of nature, such forward-looking statements are subject to a number of

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