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RNS Number : 2823D

Touchstone Exploration Inc.

20 June 2023

SALE OF COMMON SHARES AND DIRECTOR / PDMR SHAREHOLDING

CALGARY, ALBERTA (June 20, 2023) - Touchstone Exploration Inc. ( " Touchstone " or the " Company " ) (TSX, LSE: TXP) re ports that non-executive director Dr. Harrie Vredenburg sold 2,600 common shares of the Company at a price of C$1.01 (approximately 60 pence) per common share on June 15, 2023, the proceeds of which covered a portion of the withholding taxes associated with the share option exercise and initial common share sale previously announced on June 12, 2023.

The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail regarding the above transactions.

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. 
 Paul Baay, President and Chief Executive   Tel: +1 (403) 750-4487 
  Officer 
  Scott Budau, Chief Financial Officer 
 
 Shore Capital (Nominated Advisor and 
  Joint Broker) 
 Daniel Bush / Toby Gibbs / Iain Sexton     Tel: +44 (0) 207 408 4090 
 
 Canaccord Genuity (Joint Broker) 
 Adam James / Gordon Hamilton               Tel: +44 (0) 207 523 8000 
 
 FTI Consulting (Financial PR) 
 Nick Hennis / Ben Brewerton                Tel: +44 (0) 203 727 1000 
                                            Email: touchstone@fticonsulting.com

Advisory

For reference purposes in this announcement, one British pound has been translated from Canadian dollars at a rate of 1.69 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.

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                        Harrie Vredenburg 
     --------------------------  ---------------------------------------- 
      Reason for the notification 
  2 
     -------------------------------------------------------------------- 
 a)   Position/status             Non-executive Director 
     --------------------------  ---------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ---------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------- 
 a)   Name                        Touchstone Exploration Inc. 
     --------------------------  ---------------------------------------- 
 b)   LEI                         2138008URBSUC1J24J73 
     --------------------------  ---------------------------------------- 
      Details of the transaction(s): section to be repeated for 
  4    (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   Sale of 2,600 common shares 
     --------------------------  ---------------------------------------- 
 c)   Prices and volumes           Effective Price    Volume 
                                    C$1.01 (c60p)      2,600 
                                                      ------- 
     --------------------------  ---------------------------------------- 
 d)   Aggregated information      Aggregated volume: 2,600 common shares 
        *    Aggregated volume     sold 
                                   Aggregated price: C$1.01 (c60p) each 
                                   Aggregated total: C$2,626 (cGBP1,554) 
        *    Price 
     --------------------------  ---------------------------------------- 
 e)   Date of the transaction     June 15, 2023 
     --------------------------  ---------------------------------------- 
 f)   Place of the transaction    Toronto Stock Exchange 
     --------------------------  ----------------------------------------

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END

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