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RNS Number : 9103X

Touchstone Exploration Inc.

01 September 2022

DIRECTOR / PDMR SHAREHOLDING

CALGARY, ALBERTA (September 1, 2022) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX, LSE: TXP) reports that Mr. John Wright, Non-executive Director and Chair of the Board of Directors of the Company, sold an aggregate 82,434 common shares of the Company ("Common Shares"). Mr. Wright sold 82,434 Common Shares at a weighted average price of C$1.50 per Common Share on the Toronto Stock Exchange on August 29, August 30, and August 31, 2022.

As a result of the previously announced share option exercise and selling of Common Shares, Mr. Wright currently owns 5,127,892 Common Shares of the Company, representing approximately 2.41% of the Company's issued and outstanding Common Shares.

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

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                        John Wright 
     --------------------------  -------------------------------------------- 
      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 82,434 common shares from personal 
                                   holdings 
     --------------------------  -------------------------------------------- 
 c)   Prices and volumes               Effective Price   Volume 
                                   1.   C$1.52            67,000 
                                       ----------------  ------- 
                                   2.   C$1.45            3,000 
                                       ----------------  ------- 
                                   3.   C$1.40            12,434 
                                       ----------------  ------- 
     --------------------------  -------------------------------------------- 
 d)   Aggregated information          Aggregated volume: 82,434 common shares 
        *    Aggregated volume         Aggregated price: C$1.50 each 
                                       Aggregate total C$123,597.60 
 
        *    Price 
     --------------------------  -------------------------------------------- 
 e)   Date of the transaction     1. August 29, 2022 
                                   2. August 30, 2022 
                                   3. August 31, 2022 
     --------------------------  -------------------------------------------- 
 f)   Place of the transaction    Toronto Stock Exchange 
     --------------------------  -------------------------------------------- 
 

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 / Iain Sexton Tel: +44 (0) 207 408 4090

Canaccord Genuity (Joint Broker)

Adam James / Gordon Hamilton Tel: +44 (0) 207 523 8000

Camarco (Financial PR)

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

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September 01, 2022 02:45 ET (06:45 GMT)

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