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RNS Number : 5854R

Touchstone Exploration Inc.

01 March 2023

EMPLOYEE SHARE PURCHASE PLAN AND DIRECTOR / PDMR PURCHASES

CALGARY, ALBERTA (March 1, 2023) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX, LSE: TXP) announces the following purchases under its Employee Share Purchase Plan.

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                        1. Paul R. Baay 
                                   2. Scott Budau 
                                   3. James Shipka 
     --------------------------  ------------------------------------------- 
      Reason for the notification 
  2 
     ----------------------------------------------------------------------- 
 a)   Position/status             1. Director, President and Chief Executive 
                                   Officer 
                                   2. Chief Financial Officer 
                                   3. Chief Operating Officer 
     --------------------------  ------------------------------------------- 
 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   Purchase of common shares by the Trustee 
                                   of the Employee Share Purchase Plan 
     --------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)            Effective Price   Volumes 
                                    1.   C$1.07            4,615 
                                        ----------------  -------- 
                                    2.   C$1.07            3,154 
                                        ----------------  -------- 
                                    3.   C$1.07            3,738 
                                        ----------------  -------- 
     --------------------------  ------------------------------------------- 
 d)   Aggregated information 
                                    N/A (single transaction) 
       - Aggregated volume 
 
       - Price 
     --------------------------  ------------------------------------------- 
 e)   Date of the transaction     February 28, 2023 
     --------------------------  ------------------------------------------- 
 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

FTI Consulting (Financial PR)

Nick Hennis / Ben Brewerton Tel: +44 (0) 203 727 1000

Email: touchstone@fticonsulting.com

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END

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(END) Dow Jones Newswires

March 01, 2023 13:23 ET (18:23 GMT)

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