Touchstone Exploration Inc. Announces Employee Share Purchase Plan

EMPLOYEE SHARE PURCHASE PLAN AND DIRECTOR / PDMR PURCHASES

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

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

1. Paul R. Baay

2. Scott Budau

3. James Shipka

2

Reason for the notification

a)

Position/status

1. Director, President and Chief Executive Officer

2. Chief Financial Officer

3. Chief Operating Officer

b)

Initial notification /Amendment

Initial notification

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 financial instrument, type of instrument

Identification code

Common shares of Touchstone Exploration Inc.

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

- Aggregated volume

- Price

N/A (single transaction)

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: [phone]
Mr. Scott Budau, Chief Financial Officer

Shore Capital (Nominated Advisor and Joint Broker)

Daniel Bush / Toby Gibbs / Iain Sexton Tel: [phone]

Canaccord Genuity (Joint Broker)

Adam James / Gordon Hamilton Tel: [phone]

FTI Consulting (Financial PR)

Nick Hennis / Ben Brewerton Tel: [phone]

Email: [e-mail]

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SOURCE: Touchstone Exploration Inc

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