Touchstone Exploration : Exercise of Share Options

EXERCISE OF SHARE OPTIONS

CALGARY, ALBERTA (May 20, 2021) - 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. This figure may be used by shareholders to determine if they are required to notify their interest in, or a change to their interest in, the Company.

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		Thomas E. Valentine
2	Reason for the notification
a)	Position/status		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
	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each
4	type of transaction; (iii) each date; and (iv) each place where transactions have been
	conducted
a)	Description of the financial		Common Shares of Touchstone Exploration Inc.
	instrument, type of instrument
	Identification code		CA89156L1085
b)	Nature of the transaction		Exercise of 75,000 common share options
c)	Prices and volumes
		Effective Price	Volume
				1	C$0.23 (13.5p)	75,000
d)	Aggregated information		Aggregated volume: exercise of 75,000 share options
	-	Aggregated volume		Aggregated price: C$0.23 (13.5p) each
	-	Price		Aggregated total: C$17,250 (£10,125)
e)	Date of the transaction		18 May 2021
f)	Place of the transaction		Off market transaction

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)
Nominated Advisor: Edward Mansfield / Daniel Bush / Michael McGloin	Tel: [phone]
Corporate Broking: Jerry Keen
Canaccord Genuity (Joint Broker)
Adam James / Henry Fitzgerald O'Connor / Thomas Diehl	Tel: [phone]
Camarco (Financial PR)
Nick Hennis / Billy Clegg	Tel: [phone]
Advisory

For reference purposes in this announcement, one British pound has been translated from Canadian dollars at a rate of 1.71 to 1.00.

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