November 19, 2010

The common shares of Shoal Point Energy Ltd. have been approved for listing on CNSX.  Following an amalgamation with Allied Northern Capital Corporation, the Company has approximately 114 million common shares outstanding with a public float of approximately 105 million shares.

Shoal Point is currently engaged in oil and gas exploration, development, production, and acquisitions in Canada, specifically in Atlantic Canada.

Listing and disclosure documents for Shoal Point Energy will be available in the CNSX Listings Disclosure Hall

Trading Date: Tuesday, November 23, 2010
Symbol: SHP
CUSIP: 82489D 10 9
ISIN: CA 82489D 10 9 6

Applications are being accepted for Market Makers for "SHP".

If you have any questions or require further information please contact Radhika at (416) 572-2000 X 2435 or E-mail: radhika.ramkarran@cnsx.ca