Critical Point Resources, Inc., and Mancos Resources, Inc., Sign Letter of Intent.

June 17, 2009 - PRLog -- SPOKANE, Washington, -- Critical Point Resources, Inc. (NASDAQ- CRPI:PK) (www.getcriticalpoint.com). The company is publishing this “Press Release” to keep investors abreast of recent developments that may potentially have an impact on current operations.

Critical Point Resources, Inc. has recently executed a Letter of Intent with Mancos Resources, Inc. This agreement covers a mutual interest in the development and operation of a 1,200 to 1,800 ton per day state of the art uranium-processing mill near Green River in eastern Utah. As well the parties agree to enter and finalize a mutually beneficial, definitive and formal "Joint Venture and Development, Operation Agreement".

This uranium mill could employ over 50 people, last for longer than 40 years, and result in a $150 million dollar infusion to the local economy says David G. Stevenson, Chief Executive Officer of Critical Point.

The proposed uranium mill project will be located on 640 acres of private land near the town of Green River, Utah. MRI Principals have spent two years implementing an exhaustive multi-state site selection process. The site selection criteria included regulatory, environmental, political, geologic, hydrologic, access, and infrastructure elements.

The mill is in the geotechnical and environmental baseline data gathering phase of permitting. MRI's next phase of development is initiating a geotechnical drilling program, and crafting and issuing a Request for Qualifications / Request for Proposals from design/build firms for plant engineering design and construction.

As well the company wants to reiterate the significant events of the last few weeks. Critical Point Resources, Inc. has signed a Joint Venture Agreement with Drilling Consultants, Incorporated.  This agreement covers a mutual interest in the development of DCI’s HP Claims, La Sal Creek, DR and Doc, Utah mineral properties. As well the parties agree to enter and finalize a mutually beneficial, definitive and formal “Mineral Exploration, Mining Joint Venture and Development Agreement”.

The initial properties or claims shall consist of 16 lode mining claims located in the La Sal Creek mining district of San Juan County, Utah. These properties are described as the “HP Claims”, and if certain assumptions about the historical data in regards to these claims are accepted, then the property could be interpreted to contain approximately 950,000 pounds of U3O8 (Uranium)and 5,700,000 pounds of V2O5 (Vanadium).

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 the subject properties show considerable potential for significant development potential as well.

The 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; an adjacent discovery of uranium mineralization described in published a U.S. Geological Survey report.

About Critical Point Resources, Inc. -- The Company primarily engages in the exploration, acquisition and development of Uranium and Vanadium properties in the Western United States of America.

Critical Point Resources, Inc. has identified several project properties as potential and current acquisitions within the Uravan mineral belt: The Company's Management and Consulting Team have a strong exploration background -- from discovery through to mine development and production.

The Company has invested in participations in three oil and gas wells, all located in the State of Texas.  The first of these, the Edgmon-Cameron H12, located in Lee County, Texas, was intended to have a second lateral drilled below the existing lateral.  The operator of this well is convinced that this new lateral will result in substantial new production, possibly as much as 500 to 1,000 BOE per day; however, the majority owner of the well (75%) desired to have the well shut in.  At the time this well was shut in, it was producing approximately 200 MCF of gas and 20 BBL of oil per day.  The operator is attempting to persuade the majority owner to permit the re-opening of the well and the drilling of the new lateral.

The second of these wells is the Jackie Beeson #2 also located in Lee County, Texas.  This well is currently averaging approximately 400 BBL of oil and 300 MCF of gas per month.  The operator is convinced that the drilling of an additional lateral will result in a substantial increase in Production.

The Company’s most recent investment was a participation in a well being drilled in Matagorda County, Texas by Northstar Energy of Dallas, Texas.  This well resulted in a dry hole and was closed.

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.

# # #

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.