Share Purchase Plan

Touchstone Exploration Inc.

06 July 2023

 

EMPLOYEE SHARE PURCHASE PLAN AND DIRECTOR / PDMR PURCHASES

CALGARY, ALBERTA (July 6, 2023) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX, LSE: TXP) announces the following purchases under its Employee and Non-Executive Director Share Purchase Plans.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1.     Paul R. Baay 2.     Scott Budau 3.     James Shipka 4.     Thomas E. Valentine 5.     Jenny Alfandary 6.     Kenneth R. McKinnon 7.     Peter Nicol 8.     Beverley Smith 9.     Stanley T. Smith 10.   Dr. Harrie Vredenburg 11.   John D. Wright
2	Reason for the notification
a)	Position/status	1.     Director, President and Chief Executive Officer 2.     Chief Financial Officer 3.     Chief Operating Officer 4.     Corporate Secretary 5.     Non-Executive Director 6.     Non-Executive Director 7.     Non-Executive Director 8.     Non-Executive Director 9.     Non-Executive Director 10.   Non-Executive Director 11.   Non-Executive Director
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 Prices Volumes 1. C$1.06 5,896 2. C$1.06 3,774 3. C$1.06 3,774 4. C$1.06 18,868 5. C$1.06 18,868 6. C$1.06 18,868 7. C$1.06 18,868 8. C$1.06 18,868 9. C$1.06 18,868 10. C$1.06 18,868 11. C$1.06 18,868
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	July 5, 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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