TIDMTXP

RNS Number : 9748Z

Touchstone Exploration Inc.

27 May 2021

DIRECTOR SHARE PURCHASE

CALGARY, ALBERTA (May 27, 2021) - Touchstone Exploration Inc. (the "Company") (TSX, LSE: TXP) announces the following purchases of Company common shares. The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the applicable transactions.

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                         Stanley T. Smith 
     ---------------------------  ----------------------------------------- 
 2.   Reason for the notification 
     ---------------------------------------------------------------------- 
 a)   Position/status              Non-Executive Director 
     ---------------------------  ----------------------------------------- 
 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 transactions   Purchase of common shares on the open 
                                    market 
     ---------------------------  ----------------------------------------- 
 c)   Prices and volumes             Effective prices    Volumes 
                                      C$1.65               10,000 
                                                         -------- 
                                      C$1.63                5,000 
                                                         -------- 
                                      C$1.61                5,000 
                                                         -------- 
     ---------------------------  ----------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume           Aggregate volume: 20,000 common shares 
 
       - Price                       Aggregate price: C$1.635 
     ---------------------------  ----------------------------------------- 
 e)   Date of the transaction      26 May 2021 
     ---------------------------  ----------------------------------------- 
 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)

   Nominated Advisor: Edward Mansfield / Daniel Bush / Michael McGloin   Tel: +44 (0) 207 408 4090

Corporate Broking: Jerry Keen

Canaccord Genuity (Joint Broker)

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

Camarco (Financial PR)

Nick Hennis / Billy Clegg Tel: +44 (0) 203 781 8330

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END

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May 27, 2021 02:00 ET (06:00 GMT)

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