|                             |
|-----------------------------|
|                             |  |
| 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, 2012               | 282,964 |  | 142,610 |  | 306,732 |  |   | 36,434 |  | 27,409 |  | 41,002 |  |   | 319,398 |  | 170,019 |  | 347,734 |  |
| Revisions of previous estimates | 28,357 |  | 19,948 |  | 31,682 |  |   | 371 |  | 2,243 |  | 746 |  |   | 28,729 |  | 22,190 |  | 32,427 |  |
| Improved recovery               | 7,845 |  | 4,153 |  | 8,537 |  |   | 3 |  | 5 |  | 4 |  |   | 7,849 |  | 4,158 |  | 8,542 |  |
| Purchases of reserves in place  | 3,676 |  | 1,066 |  | 3,853 |  |   | - |  | - |  | - |  |   | 3,676 |  | 1,066 |  | 3,853 |  |
| Extensions and discoveries      | 14,241 |  | 4,968 |  | 15,069 |  |   | 15,053 |  | 9,329 |  | 16,608 |  |   | 29,294 |  | 14,296 |  | 31,677 |  |
| Production                      | (28,644 | ) | (19,072 | ) | (31,823 | ) |   | (3,821 | ) | (2,938 | ) | (4,311 | ) |   | (32,465 | ) | (22,011 | ) | (36,133 | ) |
| Sales of reserves in place      | (57 | ) | (309 | ) | (109 | ) |   | - |  | - |  | - |  |   | (57 | ) | (309 | ) | (109 | ) |
| 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 |  |
|                            |   |   |   |   |   |   |   |   |   |   |   |
| Net Proved Developed Reserves   |   |   |   |   |   |   |   |   |   |   |   |
| December 31, 2012               | 162,450 |  | 80,736 |  | 175,906 |  |   | 14,220 |  | 10,556 |  | 15,979 |  |   | 176,670 |  | 91,292 |  | 191,885 |  |
| 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 |  |
| Net Proved Undeveloped Reserves |   |   |   |   |   |   |   |   |   |   |   |
| December 31, 2012               | 120,514 |  | 61,874 |  | 130,826 |  |   | 22,214 |  | 16,853 |  | 25,023 |  |   | 142,728 |  | 78,727 |  | 155,849 |  |
| 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 |  |

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

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|                                   |
|-----------------------------------|
|                                   |  |  |  |  |  |  |  |
| Commodity Pricing                 |   | 2014 |  |   | 2013 |  |   |
| WTI at Cushing Oklahoma ($US/bbl) |   | 95.28 |  |   | 96.67 |  |   |
| Edmonton ($Cdn/bbl)               |   | 94.74 |  |   | 93.12 |  |   |
| Exchange Rate ($US/$Cdn)          |   | 0.9099 |  |   | 0.9714 |  |   |
| AECO/NIT Spot ($Cdn/MMBTU)        |   | 4.58 |  |   | 3.15 |  |   |
| Henry Hub NYMEX ($US/MMBTU)       |   | 4.35 |  |   | 3.67 |  |   |

|                                                                    |
|--------------------------------------------------------------------|
|                                                                    |  |  |  |  |  |  |  |  |
| 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 |  |

|                                                                    |
|--------------------------------------------------------------------|
|                                                                    |  |  |  |  |  |  |  |  |
| December 31, 2013 (millions of Canadian dollars) (1)               | Canada |   | United States |   | Total |
| Future cash inflows                                                | 25,710 |  |   | 3,853 |  |   | 29,563 |  |
| Future production costs                                            | (7,445 | ) |   | (1,084 | ) |   | (8,529 | ) |
| Future development costs and asset retirement obligations          | (3,432 | ) |   | (929 | ) |   | (4,361 | ) |
| Future income taxes                                                | (2,610 | ) |   | (99 | ) |   | (2,708 | ) |
| Future net cash flows                                              | 12,223 |  |   | 1,741 |  |   | 13,964 |  |
| Deduct: 10% annual discount factor for timing of future cash flows | (5,005 | ) |   | (855 | ) |   | (5,859 | ) |
| Standardized measure of future net cash flows                      | 7,218 |  |   | 887 |  |   | 8,105 |  |

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

----

|                                                                     |
|---------------------------------------------------------------------|
|                                                                     |  |  |  |  |  |  |  |  |
| 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 | ) |   | (2,695 | ) |
| 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 |  |

|                                                                     |
|---------------------------------------------------------------------|
|                                                                     |  |  |  |  |  |  |  |  |
| December 31, 2013 (millions of Canadian dollars) (1)                | Canada |   | United States |   | Total |
| Balance, beginning of year                                          | 6,305 |  |   | 608 |  |   | 6,912 |  |
| Sales, net of production costs and royalties                   | (2,028 | ) |   | (254 | ) |   | (2,282 | ) |
| Net change in prices and royalties related to forecast production   | 868 |  |   | 87 |  |   | 955 |  |
| Development costs incurred during the period                        | 1,160 |  |   | 311 |  |   | 1,471 |  |
| Changes in estimated future development costs                       | (966 | ) |   | (470 | ) |   | (1,436 | ) |
| Extensions, discoveries and improved recovery, net of related costs | 626 |  |   | 281 |  |   | 907 |  |
| Technical reserve revisions                                         | 1,010 |  |   | 291 |  |   | 1,300 |  |
| Purchases of reserves in place                                 | 102 |  |   | - |  |   | 102 |  |
| Sales of reserves in place                                          | (3 | ) |   | - |  |   | (3 | ) |
| Accretion of discount                                          | 734 |  |   | 61 |  |   | 795 |  |
| Net change in income taxes                                          | (590 | ) |   | (27 | ) |   | (616 | ) |
| Balance, end of year                                                | 7,218 |  |   | 887 |  |   | 8,105 |  |

|                                                         |
|---------------------------------------------------------|
|                                                         |  |  |  |  |  |  |  |  |
| As at December 31, 2014 (thousands of Canadian dollars) | Canada |   | United States |   | Total |
| Proved properties                                       | 17,786,002 |  |   | 2,105,458 |  |   | 19,891,460 |  |
| Unproved properties                                     | 1,228,844 |  |   | 560,968 |  |   | 1,789,812 |  |
| Total capital costs                                     | 19,014,846 |  |   | 2,666,426 |  |   | 21,681,272 |  |
| Accumulated depletion, amortization and impairment      | (5,960,335 | ) |   | (915,000 | ) |   | (6,875,335 | ) |
| Net capitalized costs                                   | 13,054,511 |  |   | 1,751,426 |  |   | 14,805,937 |  |

|                                                         |
|---------------------------------------------------------|
|                                                         |  |  |  |  |  |  |  |  |
| As at December 31, 2013 (thousands of Canadian dollars) | Canada |   | United States |   | Total |
| Proved properties                                       | 13,465,068 |  |   | 1,499,152 |  |   | 14,964,220 |  |
| Unproved properties                                     | 1,152,926 |  |   | 437,372 |  |   | 1,590,298 |  |
| Total capital costs                                     | 14,617,994 |  |   | 1,936,524 |  |   | 16,554,518 |  |
| Accumulated depletion, amortization and impairment      | (4,261,446 | ) |   | (355,839 | ) |   | (4,617,285 | ) |
| Net capitalized costs                                   | 10,356,548 |  |   | 1,580,685 |  |   | 11,937,233 |  |

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

----

|                                                         |
|---------------------------------------------------------|
|                                                         |  |  |  |  |  |  |  |  |
| As at December 31, 2014 (thousands of Canadian dollars) | Canada |   | United States |   | Total |
| Property acquisition costs                              |   |   |   |   |   |
| Proved properties                                       | 2,036,290 |  |   | 91,672 |  |   | 2,127,962 |  |
| Unproved properties                                     | 40,069 |  |   | 24,960 |  |   | 65,029 |  |
| Development costs                                       | 1,445,311 |  |   | 322,362 |  |   | 1,767,673 |  |
| Exploration costs                                       | 243,725 |  |   | 84,212 |  |   | 327,937 |  |
| Total                                                   | 3,765,395 |  |   | 523,206 |  |   | 4,288,601 |  |

|                                                         |
|---------------------------------------------------------|
|                                                         |  |  |  |  |  |  |  |  |
| As at December 31, 2013 (thousands of Canadian dollars) | Canada |   | United States |   | Total |
| Property acquisition costs                              |   |   |   |   |   |
| Proved properties                                       | 117,319 |  |   | (3,659 | ) |   | 113,660 |  |
| Unproved properties                                     | 6,271 |  |   | (1,664 | ) |   | 4,607 |  |
| Development costs                                       | 1,160,324 |  |   | 310,581 |  |   | 1,470,905 |  |
| Exploration costs                                       | 180,041 |  |   | 73,561 |  |   | 253,602 |  |
| Total                                                   | 1,463,955 |  |   | 378,819 |  |   | 1,842,774 |  |

|                                                                      |
|----------------------------------------------------------------------|
|                                                                      |  |  |  |  |  |  |  |  |
| For the year ended December 31, 2014 (thousands of Canadian dollars) | Canada |   | United States |   | Total |
| Petroleum and natural gas revenues, net of royalties                 | 3,095,746 |  |   | 364,160 |  |   | 3,459,906 |  |
| Less:                                                                |   |   |   |   |   |
| Operating expenses                                                   | 564,547 |  |   | 83,166 |  |   | 647,713 |  |
| Transportation expenses                                              | 106,802 |  |   | 10,820 |  |   | 117,622 |  |
| Depletion, amortization and impairment                               | 1,703,739 |  |   | 513,727 |  |   | 2,217,466 |  |
| Accretion on decommissioning liability                               | 20,340 |  |   | 847 |  |   | 21,187 |  |
| Operating income (loss)                                              | 700,318 |  |   | (244,400 | ) |   | 455,918 |  |
| Income taxes                                                         | 67 |  |   | - |  |   | 67 |  |
| Results of operations                                                | 700,251 |  |   | (244,400 | ) |   | 455,851 |  |

|                                                                      |
|----------------------------------------------------------------------|
|                                                                      |  |  |  |  |  |  |  |  |
| For the year ended December 31, 2013 (thousands of Canadian dollars) | Canada |   | United States |   | Total |
| Petroleum and natural gas revenues, net of royalties                 | 2,546,720 |  |   | 335,488 |  |   | 2,882,208 |  |
| Less:                                                                |   |   |   |   |  |
| Operating expenses                                                   | 432,535 |  |   | 72,525 |  |   | 505,060 |  |
| Transportation expenses                                              | 85,810 |  |   | 9,507 |  |   | 95,317 |  |
| Depletion, amortization and impairment                               | 1,335,459 |  |   | 219,719 |  |   | 1,555,178 |  |
| Accretion on decommissioning liability                               | 13,508 |  |   | 654 |  |   | 14,162 |  |
| Operating income                                                     | 679,408 |  |   | 33,083 |  |   | 712,491 |  |
| Income taxes                                                         | 173 |  |   | - |  |   | 173 |  |
| Results of operations                                                | 679,235 |  |   | 33,083 |  |   | 712,318 |  |

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