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RNS Number : 3711E

Touchstone Exploration Inc.

07 July 2021

EMPLOYEE SHARE PURCHASE PLAN AND DIRECTOR / PDMR PURCHASES

CALGARY, ALBERTA (July 7, 2021) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX, LSE: TXP) announces the following purchases of Company common shares under its Employee and Non-Executive Director Share Purchase Plans.

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

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                         1. Paul R. Baay 
                                    2. Scott Budau 
                                    3. James Shipka 
                                    4. Kenneth R. McKinnon 
                                    5. Peter Nicol 
                                    6. Beverley Smith 
                                    7. Stanley T. Smith 
                                    8. Thomas E. Valentine 
                                    9. Dr. Harrie Vredenburg 
                                    10. John D. Wright 
     ---------------------------  -------------------------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status              1. Chief Executive Officer 
                                    2. Chief Financial Officer 
                                    3. Chief Operating Officer 
                                    4. Non-Executive Director 
                                    5. Non-Executive Director 
                                    6. Non-Executive Director 
                                    7. Non-Executive Director 
                                    8. Non-Executive Director 
                                    9. Non-Executive Director 
                                    10. 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 
                                    CA89156L1085 
       Identification code 
     ---------------------------  -------------------------------------------- 
 b)   Nature of the transactions   Purchase of common shares by the Trustee 
                                    of the Employee and Non-Executive Director 
                                    Share Purchase Plans 
     ---------------------------  -------------------------------------------- 
 c)   Prices and volumes                   Effective price   Volumes 
                                      1.    C$1.49              3,321 
                                           ----------------  -------- 
                                      2.    C$1.49              2,270 
                                           ----------------  -------- 
                                      3.    C$1.49              2,691 
                                           ----------------  -------- 
                                      4.    C$1.49             13,453 
                                           ----------------  -------- 
                                      5.    C$1.49             13,453 
                                           ----------------  -------- 
                                      6.    C$1.49             13,453 
                                           ----------------  -------- 
                                      7.    C$1.49             13,453 
                                           ----------------  -------- 
                                      8.    C$1.49             13,453 
                                           ----------------  -------- 
                                      9.    C$1.49             13,453 
                                           ----------------  -------- 
                                      10.   C$1.49             13,453 
                                           ----------------  -------- 
     ---------------------------  -------------------------------------------- 
 d)   Aggregated information       N/A (single transaction) 
       - Aggregated volume 
       - Price 
     ---------------------------  -------------------------------------------- 
 e)   Date of the transaction      06 July 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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July 07, 2021 02:00 ET (06:00 GMT)

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