Critical Point Resources, Inc. Enters Memorandum of Mutual Understanding.

May 13, 2009 - PRLog -- SPOKANE, Washington, -- Critical Point Resources, Inc. (Pink Sheets: CRPI) (www.getcriticalpoint.com).  Critical Point Resources, Inc. announces today that it has signed a Memorandum of Mutual Understanding, and will complete a Joint Venture Agreement with Drilling Consultants, Inc.  This agreement covers a mutual interest in the development of DCI’s “HP Claims” La Sal Creek, and DR and Doc Properties, 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 about 950,000 pounds of U3O8 and about 5,700,000 pounds of V2O5.

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

These 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 -- mining and milling.

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.

For more information,

Contact: Critical Point Resources, Inc.
1161 Southshore Road,
Newport, Washington, 99156
Phone:   206.497.9661
Visit: www.getcriticalpoint.com
E-Mail: info@getcriticalpoint.com

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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.