Shoal Point Spuds Third Mount Evans Well

Vancouver, British Columbia--(Newsfile Corp. - September 2, 2021) - Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP), announced today that the Company has spudded its third well at the Mount Evans project in Kansas. Shoal Point has a 65% working interest in the project and privately held Shelby Resources has a 35% working interest.

About Shoal Point Energy Ltd.

Shoal Point Energy Ltd. is a public company listed on the CSE exchange under the symbol "SHP". The Company is focused on its Mount Evans project in Kansas and retains its oil and gas interests in the Humber Arm Allochthon play in western Newfoundland.

For further information, please contact:

Mr. Mark Jarvis
Chief Executive Officer
Tel - 416-637-2181 extension 310

The Canadian Securities Exchange (CSE) has neither approved nor disapproved
the contents of this news release.

Suite 203, 700 West Pender Street, Vancouver BC V6C 1G8
Tel: 416 637 2181
Email: info@shoalpointenergy.com
www.shoalpointenergy.com

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