Touchstone Exploration Inc. ('Touchstone' or the 'Company') announces that on December 22, 2020, certain executive officers exercised share options representing a total of 700,000 common shares of no par value in the Company ( ' Common Shares ' ), which were set to expire on January 7, 2021.

As part of this exercise, President and Chief Executive Officer Paul R. Baay exercised share options representing 300,000 Common Shares, Chief Financial Officer Scott Budau exercised share options representing 200,000 Common Shares and Chief Operating Officer James Shipka exercises share options representing 200,000 Common Shares, all at a price of C$0.33 (approximately 19 pence) per Common Share. Further. On December 22, 2020, Mr. Baay sold 300,000 Common Shares, Mr. Budau sold 200,000 Common Shares and Mr. Shipka sold 200,000 Common Shares at a weighted average price of C$2.01 (approximately 117 pence) per Common Share on the Toronto Stock Exchange.

Application has been made for the 700,000 new Common Shares, which will rank pari passu with the Company's existing issued share capital, to be admitted to trading on AIM ('Admission'), which is expected on January 5, 2021. Immediately following Admission, the Company's issued share capital will consist of 209,399,627 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:

Tel: +44 (0) 207 408 4090

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