Critical Point Resources, Inc. Executes JV Agreement, & Appoints New Officers and Directors.

May 27, 2009 - PRLog -- SPOKANE, Washington, -- Critical Point Resources, Inc. (NASDAQ- CRPI:PK) (www.getcriticalpoint.com).

Critical Point Resources, Inc. has recently executed a Joint Venture Agreement with Drilling Consultants, Inc. This agreement covers a mutual interest in the development of DCI's HP Claims, La Sal Creek,  DR, and Doc Properties, in Southeast Utah. As well the parties agree to enter and finalize a mutually beneficial, definitive and formal "Mineral Exploration, Mining Joint Venture and Development Agreement".

The properties consist of 16 lode mining claims located in the La Sal Creek mining district of San Juan County, Utah. These are the "HP Claims", and historical data indicates these claims may contain approximately 950,000 pounds of U3O8 and 5,700,000 pounds of V2O5.

The "DR and Doc" properties, two claim blocks located 1.8 miles apart makeup the second group of claims addressed by this initial agreement. Both of these subject properties show considerable potential for significant development potential as well.

These claims were located for their potential to contain valuable deposits of uranium and vanadium. The mineral potential is supported by the geology of the mining district; the geology and mineralization of three inactive adjacent properties that have produced uranium - vanadium ores; and adjacent discovery of uranium mineralization described in published a U.S. Geological Survey reports.

Critical Point Resources, Inc. announces today with pride that it has engaged the services of a new a new President & Chief Executive Officer. David G. Stevenson a seasoned professional has been chosen to move the company to the next plateau.  

Mr. Stevenson is an innovative entrepreneur who has dedicated the past 25 years developing and implementing technological solutions to the challenges faced by business leaders in the global marketplace.

Uniquely positioned, Mr. Stevenson has helped turn dreams into reality by raising capital, providing organizational structure, offering technical expertise, preparing technical and other contracts, as well as handling general management responsibilities’ through managed growth philosophies.

Mr. Stevenson holds a Master of Business Administration (MBA) with a major in Computer and Information Systems Management.

The Company previously announced that it we has engaged the services of a new Vice President.  George D. Hennessey earned his B.S. in Geology at Arizona State University in 1960 and has post-graduate education at Brigham Young University. Since 1977, Mr. Hennessey has been a consultant for Major Mining Companies, Private Corporations, Investment Groups and Individuals, relative to mineral exploration, mineral property evaluations, acquisitions, and dispositions.

Mr. Hennessey has worldwide expertise in international trade and marketing of natural resource products, precious metals and specifically Uranium exploration, development and mining. He has extensive work experience overseas, which has included the Philippines, the People's Republic of China, Southeast Asia, New Zealand, Australia, Central and South America and Africa.


FORWARD-LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties and the Company assumes no obligation to update any of the forward-looking statements in this release.

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Critical Point Resources, Inc. -- The Company primarily engages in consulting, acquisition, exploration, and development of mining properties, as well the group evaluates projects within the renewable biomass and conventional energy sectors.