CALGARY - Touchstone Exploration Inc. ('Touchstone' or the 'Company') announces that on May 18, 2021, a non-executive director exercised share options representing a total of 75,000 common shares of no par value in the Company ('Common Shares').

Non-executive director Thomas Valentine exercised share options representing 75,000 Common Shares at a price of C$0.23 per Common Share (approximately 13.5 pence per Common Share).

The share options were previously granted in 2016 in accordance with the Company's Share Option Plan. Application has been made for the 75,000 new Common Shares, which will rank pari passu with the Company's existing issued share capital, to be admitted to trading on AIM ('Admission'). These new Common Shares are expected to be admitted to trading on AIM on May 28, 2021. Immediately following Admission, the Company's issued share capital will consist of 209,474,627 Common Shares. The Company does not hold any Common Shares in treasury.

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'.

Contact:

Mr. Paul Baay

Tel: +1 (403) 750-4487

(C) 2021 Electronic News Publishing, source ENP Newswire