Mr. Paul Baay reports

TOUCHSTONE ANNOUNCES RESULTS OF 2023 SHAREHOLDERS' MEETING

All matters presented for approval at the 2023 annual and special meeting of Touchstone Exploration Inc. shareholders held virtually on June 29, 2023, were fully authorized and approved.

A total of 48,791,959 common shares of the company were voted in connection with the meeting, representing 20.94 per cent of the common shares eligible to vote at the meeting.

During the business proceedings of the meeting, Touchstone's shareholders approved the following:

1. Ordinary resolution to fix the number of directors of the company to be elected at the meeting at nine, with 97.37 per cent of the common shares represented at the meeting voting in favour of the resolution;
2. All of the nine nominees proposed as directors of Touchstone were approved, with the number and percentage of common shares represented at the meeting voting in favour of and withheld from voting for each of the individual nominees as shown in the attached table;
3. Ordinary resolution to appoint the firm of KPMG LLP, chartered professional accountants, of Calgary, Alta., to serve as the auditor of Touchstone for the ensuing year at such remuneration as may be determined by the company's board of directors, with 99.53 per cent of the common shares represented at the meeting voting in favour of the resolution;
4. Ordinary resolution approving the adoption of the omnibus incentive compensation plan of the company and approving common shares that may be issuable pursuant to unallocated awards thereunder, with 94.18 per cent of the common shares represented at the meeting voting in favour of the resolution.

Full voting results on all matters considered at the meeting are available under Touchstone's profile on SEDAR.

About Touchstone Exploration Inc.

Based in Calgary, Alta., Touchstone Exploration is a 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 Alternative Investment Market of the London Stock Exchange under the symbol TXP.