Mr. Paul Baay reports

TOUCHSTONE ANNOUNCES EXECUTION OF ONSHORE BID ROUND EXPLORATION LICENCES

Primera Oil and Gas Ltd. (POGL), Touchstone Exploration Inc.'s wholly owned Trinidadian subsidiary, has entered into exploration and production (public petroleum rights) licences for the Cipero and Charuma blocks, effective July 1, 2024.

The Cipero and Charuma blocks were awarded to POGL pursuant to the Trinidad and Tobago 2022 onshore and near-shore competitive bid round. The licences were fully executed by representatives from POGL, the government of Trinidad and Tobago, the Trinidad and Tobago Ministry of Energy and Energy Industries (MEEI), and a subsidiary of the National Gas Company of Trinidad and Tobago (NGC).

POGL has an 80-per-cent operating working interest under each licence, with NGC holding the remaining 20-per-cent working interest. Similar to the company's Ortoire licence, the licences initially have a six-year term and may be extended by an additional 19 years for areas that have an MEEI-approved commercial discovery.

About Touchstone Exploration Inc.

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

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