|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 1 |

----

|                                 |
|---------------------------------|
|                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                            | Canada |   | United States |   | Total |
| Net Proved Reserves (1)         | Crude Oil & NGL (Mbbls) | Natural Gas (MMcf) | Total (Mboe) |   | Crude Oil & NGL (Mbbls) | Natural Gas (MMcf) | Total (Mboe) |   | Crude Oil & NGL (Mbbls) | Natural Gas (MMcf) | Total (Mboe) |
| December 31, 2013               | 308,382 |  | 153,363 |  | 333,942 |  |   | 48,041 |  | 36,047 |  | 54,049 |  |   | 356,423 |  | 189,410 |  | 387,991 |  |
| Revisions of previous estimates | 23,251 |  | 4,379 |  | 23,981 |  |   | (424 | ) | 9,272 |  | 1,121 |  |   | 22,827 |  | 13,651 |  | 25,102 |  |
| Improved recovery               | 19,119 |  | 6,927 |  | 20,273 |  |   | 1,481 |  | 661 |  | 1,591 |  |   | 20,600 |  | 7,588 |  | 21,864 |  |
| Purchases of reserves in place  | 49,918 |  | 10,013 |  | 51,587 |  |   | 2,341 |  | 603 |  | 2,441 |  |   | 52,259 |  | 10,615 |  | 54,028 |  |
| Extensions and discoveries      | 16,364 |  | 3,910 |  | 17,016 |  |   | 7,971 |  | 6,622 |  | 9,074 |  |   | 24,335 |  | 10,533 |  | 26,090 |  |
| Production                      | (34,119 | ) | (19,883 | ) | (37,433 | ) |   | (4,290 | ) | (3,924 | ) | (4,944 | ) |   | (38,408 | ) | (23,807 | ) | (42,376 | ) |
| Sales of reserves in place      | (56 | ) | (31 | ) | (61 | ) |   | - |  | - |  | - |  |   | (56 | ) | (31 | ) | (61 | ) |
| December 31, 2014               | 382,859 |  | 158,678 |  | 409,305 |  |   | 55,120 |  | 49,281 |  | 63,333 |  |   | 437,979 |  | 207,959 |  | 472,638 |  |
| Revisions of previous estimates | (52,582 | ) | 25,389 |  | (48,351 | ) |   | (20,974 | ) | (8,476 | ) | (22,386 | ) |   | (73,556 | ) | 16,914 |  | (70,737 | ) |
| Improved recovery               | 14,128 |  | 3,302 |  | 14,678 |  |   | 1,904 |  | - |  | 1,904 |  |   | 16,033 |  | 3,302 |  | 16,583 |  |
| Purchases of reserves in place  | 34,568 |  | 16,647 |  | 37,343 |  |   | 1,968 |  | - |  | 1,968 |  |   | 36,536 |  | 16,647 |  | 39,311 |  |
| Extensions and discoveries      | 8,797 |  | 2,248 |  | 9,172 |  |   | 2,285 |  | - |  | 2,285 |  |   | 11,082 |  | 2,248 |  | 11,457 |  |
| Production                      | (40,259 | ) | (25,671 | ) | (44,537 | ) |   | (5,163 | ) | (5,398 | ) | (6,063 | ) |   | (45,422 | ) | (31,068 | ) | (50,600 | ) |
| Sales of reserves in place      | (51 | ) | - |  | (51 | ) |   | (46 | ) | - |  | (46 | ) |   | (98 | ) | - |  | (98 | ) |
| December 31, 2015               | 347,460 |  | 180,593 |  | 377,559 |  |   | 35,094 |  | 35,408 |  | 40,995 |  |   | 382,554 |  | 216,001 |  | 418,554 |  |
|                            |   |   |   |   |   |   |   |   |   |   |   |
| Net Proved Developed Reserves   |   |   |   |   |   |   |   |   |   |   |
| December 31, 2013               | 186,459 |  | 94,194 |  | 202,158 |  |   | 17,470 |  | 14,234 |  | 19,842 |  |   | 203,929 |  | 108,428 |  | 222,001 |  |
| December 31, 2014               | 240,806 |  | 103,109 |  | 257,990 |  |   | 23,213 |  | 19,522 |  | 26,466 |  |   | 264,019 |  | 122,631 |  | 284,457 |  |
| December 31, 2015               | 247,126 |  | 135,553 |  | 269,718 |  |   | 18,950 |  | 18,103 |  | 21,968 |  |   | 266,077 |  | 153,655 |  | 291,686 |  |
| Net Proved Undeveloped Reserves |   |   |   |   |   |   |   |   |   |   |
| December 31, 2013               | 121,923 |  | 59,169 |  | 131,784 |  |   | 30,571 |  | 21,813 |  | 34,206 |  |   | 152,494 |  | 80,982 |  | 165,990 |  |
| December 31, 2014               | 142,053 |  | 55,569 |  | 151,314 |  |   | 31,907 |  | 29,759 |  | 36,867 |  |   | 173,960 |  | 85,328 |  | 188,181 |  |
| December 31, 2015               | 100,334 |  | 45,040 |  | 107,841 |  |   | 16,143 |  | 17,305 |  | 19,028 |  |   | 116,478 |  | 62,345 |  | 126,869 |  |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 2 |

----

|                                   |
|-----------------------------------|
|                                   |  |  |  |  |  |  |  |
| Commodity Pricing                 |   | 2015 |  |   | 2014 |  |   |
| WTI at Cushing Oklahoma ($US/bbl) |   | 50.28 |  |   | 95.28 |  |   |
| Edmonton ($Cdn/bbl)               |   | 58.81 |  |   | 94.74 |  |   |
| Exchange Rate ($US/$Cdn)          |   | 0.7866 |  |   | 0.9099 |  |   |
| AECO/NIT Spot ($Cdn/MMBTU)        |   | 2.68 |  |   | 4.58 |  |   |
| Henry Hub NYMEX ($US/MMBTU)       |   | 2.63 |  |   | 4.35 |  |   |

|                                                                    |
|--------------------------------------------------------------------|
|                                                                    |  |  |  |  |  |  |  |  |
| December 31, 2015 (millions of Canadian dollars) (1)     | Canada |   | United States |   | Total |
| Future cash inflows                                                | 17,037 |  |   | 1,699 |  |   | 18,736 |  |
| Future production costs                                            | (7,524 | ) |   | (795 | ) |   | (8,319 | ) |
| Future development costs and asset retirement obligations          | (2,696 | ) |   | (423 | ) |   | (3,118 | ) |
| Future income taxes                                                | (43 | ) |   | (24 | ) |   | (66 | ) |
| Future net cash flows                                              | 6,774 |  |   | 458 |  |   | 7,232 |  |
| Deduct: 10% annual discount factor for timing of future cash flows | (2,277 | ) |   | (181 | ) |   | (2,458 | ) |
| Standardized measure of future net cash flows                      | 4,497 |  |   | 277 |  |   | 4,774 |  |

|                                                                    |
|--------------------------------------------------------------------|
|                                                                    |  |  |  |  |  |  |  |  |
| December 31, 2014 (millions of Canadian dollars) (1)     | Canada |   | United States |   | Total |
| Future cash inflows                                                | 32,660 |  |   | 4,755 |  |   | 37,415 |  |
| Future production costs                                            | (9,683 | ) |   | (1,646 | ) |   | (11,329 | ) |
| Future development costs and asset retirement obligations          | (4,079 | ) |   | (970 | ) |   | (5,049 | ) |
| Future income taxes                                                | (3,412 | ) |   | (120 | ) |   | (3,532 | ) |
| Future net cash flows                                              | 15,487 |  |   | 2,019 |  |   | 17,506 |  |
| Deduct: 10% annual discount factor for timing of future cash flows | (6,326 | ) |   | (852 | ) |   | (7,177 | ) |
| Standardized measure of future net cash flows                      | 9,161 |  |   | 1,168 |  |   | 10,329 |  |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 3 |

----

|                                                                     |
|---------------------------------------------------------------------|
|                                                                     |  |  |  |  |  |  |  |  |
| December 31, 2015 (millions of Canadian dollars) (1)           | Canada |   | United States |   | Total |
| Balance, beginning of year                                          | 9,161 |  |   | 1,168 |  |   | 10,329 |  |
| Sales, net of production costs and royalties                   | (1,358 | ) |   | (161 | ) |   | (1,519 | ) |
| Net change in prices and royalties related to forecast production   | (7,211 | ) |   | (991 | ) |   | (8,202 | ) |
| Development costs incurred during the period                        | 1,173 |  |   | 275 |  |   | 1,448 |  |
| Changes in estimated future development costs                       | 164 |  |   | 196 |  |   | 360 |  |
| Extensions, discoveries and improved recovery, net of related costs | 260 |  |   | 24 |  |   | 285 |  |
| Technical reserve revisions                                         | (1,357 | ) |   | (383 | ) |   | (1,739 | ) |
| Purchases of reserves in place                                 | 407 |  |   | 11 |  |   | 419 |  |
| Sales of reserves in place                                          | (1 | ) |   | - |  |   | (1 | ) |
| Accretion of discount                                          | 1,132 |  |   | 120 |  |   | 1,252 |  |
| Net change in income taxes                                          | 2,125 |  |   | 18 |  |   | 2,143 |  |
| Balance, end of year                                                | 4,497 |  |   | 277 |  |   | 4,774 |  |

|                                                                     |
|---------------------------------------------------------------------|
|                                                                     |  |  |  |  |  |  |  |  |
| December 31, 2014 (millions of Canadian dollars) (1)      | Canada |   | United States |   | Total |
| Balance, beginning of year                                          | 7,218 |  |   | 887 |  |   | 8,105 |  |
| Sales, net of production costs and royalties                   | (2,424 | ) |   | (270 | ) |   | (2,694 | ) |
| Net change in prices and royalties related to forecast production   | 640 |  |   | 85 |  |   | 725 |  |
| Development costs incurred during the period                        | 1,445 |  |   | 322 |  |   | 1,768 |  |
| Changes in estimated future development costs                       | (1,863 | ) |   | (315 | ) |   | (2,179 | ) |
| Extensions, discoveries and improved recovery, net of related costs | 1,031 |  |   | 202 |  |   | 1,233 |  |
| Technical reserve revisions                                         | 1,317 |  |   | 126 |  |   | 1,443 |  |
| Purchases of reserves in place                                 | 1,429 |  |   | 46 |  |   | 1,475 |  |
| Sales of reserves in place                                          | (2 | ) |   | - |  |   | (2 | ) |
| Accretion of discount                                          | 886 |  |   | 91 |  |   | 977 |  |
| Net change in income taxes                                          | (516 | ) |   | (7 | ) |   | (522 | ) |
| Balance, end of year                                                | 9,161 |  |   | 1,168 |  |   | 10,329 |  |

|                                                             |
|-------------------------------------------------------------|
|                                                             |  |  |  |  |  |  |  |  |
| As at December 31, 2015 (millions of Canadian dollars) | Canada |   | United States |   | Total |
| Proved properties                                           | 20,686 |  |   | 2,991 |  |   | 23,677 |  |
| Unproved properties                                         | 1,356 |  |   | 606 |  |   | 1,962 |  |
| Total capital costs                                         | 22,042 |  |   | 3,597 |  |   | 25,639 |  |
| Accumulated depletion, amortization and impairment          | (8,370 | ) |   | (1,846 | ) |   | (10,216 | ) |
| Net capitalized costs                                       | 13,672 |  |   | 1,751 |  |   | 15,423 |  |

|                                                             |
|-------------------------------------------------------------|
|                                                             |  |  |  |  |  |  |  |  |
| As at December 31, 2014 (millions of Canadian dollars) | Canada |   | United States |   | Total |
| Proved properties                                           | 17,786 |  |   | 2,105 |  |   | 19,891 |  |
| Unproved properties                                         | 1,229 |  |   | 561 |  |   | 1,790 |  |
| Total capital costs                                         | 19,015 |  |   | 2,666 |  |   | 21,681 |  |
| Accumulated depletion, amortization and impairment          | (5,960 | ) |   | (915 | ) |   | (6,875 | ) |
| Net capitalized costs                                       | 13,055 |  |   | 1,751 |  |   | 14,806 |  |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 4 |

----

|                                                        |
|--------------------------------------------------------|
|                                                        |  |  |  |  |  |  |  |  |
| As at December 31, 2015 (millions of Canadian dollars) | Canada |   | United States |   | Total |
| Property acquisition costs                             |   |   |   |   |   |
| Proved properties                                      | 1,526 |  |   | 72 |  |   | 1,598 |  |
| Unproved properties                                    | 163 |  |   | (1 | ) |   | 162 |  |
| Development costs                                      | 1,173 |  |   | 275 |  |   | 1,448 |  |
| Exploration costs                                      | 94 |  |   | 20 |  |   | 114 |  |
| Total                                                  | 2,956 |  |   | 366 |  |   | 3,322 |  |

|                                                             |
|-------------------------------------------------------------|
|                                                             |  |  |  |  |  |  |  |  |
| As at December 31, 2014 (millions of Canadian dollars) | Canada |   | United States |   | Total |
| Property acquisition costs                                  |   |   |   |   |   |
| Proved properties                                           | 2,036 |  |   | 92 |  |   | 2,128 |  |
| Unproved properties                                         | 40 |  |   | 25 |  |   | 65 |  |
| Development costs                                           | 1,445 |  |   | 322 |  |   | 1,767 |  |
| Exploration costs                                           | 244 |  |   | 84 |  |   | 328 |  |
| Total                                                       | 3,765 |  |   | 523 |  |   | 4,288 |  |

|                                                                          |
|--------------------------------------------------------------------------|
|                                                                          |  |  |  |  |  |  |  |  |
| For the year ended December 31, 2015 (millions of Canadian dollars) | Canada |   | United States |   | Total |
| Petroleum and natural gas revenues, net of royalties                     | 2,096 |  |   | 268 |  |   | 2,364 |  |
| Less:                                                                    |   |   |   |   |   |
| Operating expenses                                                       | 609 |  |   | 98 |  |   | 707 |  |
| Transportation expenses                                                  | 129 |  |   | 9 |  |   | 138 |  |
| Depletion, amortization and impairment                                   | 2,410 |  |   | 720 |  |   | 3,130 |  |
| Accretion on decommissioning liability                                   | 24 |  |   | 1 |  |   | 25 |  |
| Operating income (loss)                                                  | (1,076 | ) |   | (560 | ) |   | (1,636 | ) |
| Income taxes (recovery)                                                  | (2 | ) |   | - |  |   | (2 | ) |
| Results of operations                                                    | (1,074 | ) |   | (560 | ) |   | (1,634 | ) |

|                                                                     |
|---------------------------------------------------------------------|
|                                                                     |  |  |  |  |  |  |  |  |
| For the year ended December 31, 2014 (millions of Canadian dollars) | Canada |   | United States |   | Total |
| Petroleum and natural gas revenues, net of royalties                | 3,096 |  |   | 364 |  |   | 3,460 |  |
| Less:                                                               |   |   |   |   |  |
| Operating expenses                                                  | 565 |  |   | 83 |  |   | 648 |  |
| Transportation expenses                                             | 107 |  |   | 11 |  |   | 118 |  |
| Depletion, amortization and impairment                              | 1,704 |  |   | 514 |  |   | 2,218 |  |
| Accretion on decommissioning liability                              | 20 |  |   | 1 |  |   | 21 |  |
| Operating income (loss)                                             | 700 |  |   | (245 | ) |   | 455 |  |
| Income taxes                                                        | - |  |   | - |  |   | - |  |
| Results of operations                                               | 700 |  |   | (245 | ) |   | 455 |  |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 5 |