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RNS Number : 6675I

Touchstone Exploration Inc.

20 April 2022

SALE OF COMMON SHARES

CALGARY, ALBERTA (April 20, 2022) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX, LSE: TXP) reports that Mr. Scott Budau, the Company's Chief Financial Officer, sold 42,900 Company common shares of no par value ("Common Shares"). The proceeds from the sale of Common Shares were to satisfy a portion of the costs and withholding taxes associated with Mr. Budau's share option exercise announced on April 11, 2022. Mr. Budau sold an aggregate 42,900 Common Shares at a weighted average price of C$1.53 (approximately 93.3 pence) per Common Share on the Toronto Stock Exchange between April 11, 2022 and April 14, 2022.

The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail on the transaction.

Touchstone Exploration Inc.

Touchstone Exploration Inc. is a Calgary, Alberta based company engaged in the business of acquiring interests in petroleum and natural gas rights and the exploration, development, production and sale of petroleum and natural gas. Touchstone is currently active in onshore properties located in the Republic of Trinidad and Tobago. The Company's common shares are traded on the Toronto Stock Exchange and the AIM market of the London Stock Exchange under the symbol " TXP " .

For further information about Touchstone, please visit our website at www.touchstoneexploration.com or contact

Touchstone Exploration Inc.

Mr. Paul Baay, President and Chief Executive Officer Tel: +1 (403) 750-4487

Mr. Scott Budau, Chief Financial Officer

Shore Capital (Nominated Advisor and Joint Broker)

Daniel Bush / Toby Gibbs / Michael McGloin Tel: +44 (0) 207 408 4090

Canaccord Genuity (Joint Broker)

Adam James / Henry Fitzgerald O'Connor / Thomas Diehl Tel: +44 (0) 207 523 8000

Camarco (Financial PR)

Billy Clegg / Emily Hall / Lily Pettifar Tel: +44 (0) 203 781 8330

Advisory

For reference purposes in this announcement, one British pound has been translated from Canadian dollars at a rate of 1.64 to 1.00.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulation.

 
1   Details of the person discharging managerial responsibilities 
     / person closely associated 
a)  Name                       Scott Budau 
2   Reason for the notification 
a)  Position/status            Chief Financial Officer 
b)  Initial notification       Initial notification 
     /Amendment 
3   Details of the issuer, emission allowance market participant, 
     auction platform, auctioneer or auction monitor 
a)  Name                       Touchstone Exploration Inc. 
b)  LEI                        2138008URBSUC1J24J73 
4   Details of the transaction(s): section to be repeated for 
     (i) each type of instrument; (ii) each type of transaction; 
     (iii) each date; and (iv) each place where transactions have 
     been conducted 
a)  Description of the         Common Shares of Touchstone Exploration 
     financial instrument,      Inc. 
     type of instrument 
 
     Identification code        CA89156L1085 
b)  Nature of the transaction  1. Sale of 6,800 common shares from personal 
                                holdings 
                                2. Sale of 31,800 common shares from personal 
                                holdings 
                                3. Sale of 4,300 common shares from personal 
                                holdings 
c)  Prices and volumes             Effective Price  Volume 
                                1.  C$1.53 (93.3p)   6,800 
                                2.  C$1.53 (93.3p)   31,800 
                                3.  C$1.53 (93.3p)   4,300 
d)  Aggregated information     1. Aggregated volume: 6,800 common shares 
     - Aggregated volume        Aggregated price: C$1.53 (93.3p) each 
     - Price                    Aggregate total C$10,404 (GBP6,344) 
                                2. Aggregated volume: 31,800 common shares 
                                Aggregated price: C$1.53 (93.3p) each 
                                Aggregate total C$48,654 (GBP29,669) 
                                3. Aggregated volume: 4,300 common shares 
                                Aggregated price: C$1.53 (93.3p) each 
                                Aggregate total C$6,579 (GBP4,012) 
e)  Date of the transaction    1. April 11, 2022 
                                2. April 13, 2022 
                                3. April 14, 2022 
f)  Place of the transaction   Toronto Stock Exchange

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