Mr. Paul Baay reports

TOUCHSTONE EXPLORATION PROVIDES PRIVATE PLACEMENT UPDATE

Touchstone Exploration Inc. has provided an update regarding its previously announced private placement.

Further to the company's June 16, 2025, news release, 10.325 million pounds sterling of the 15.375 million pounds sterling in gross proceeds from the private placement remains outstanding. Touchstone has been advised by OAK Securities and Portillion Capital that the settlement of proceeds from certain investors has taken longer than anticipated. The company has received assurances that the outstanding funds are expected to be received by close of business on June 27, 2025.

The Toronto Stock Exchange extended its conditional approval of the private placement, allowing the company to complete the offering on or before June 27, 2025.

As previously disclosed, on May 16, 2025, the company issued 75 million new common shares to the settlement agent acting on behalf of OAK Securities. To date, 24,636,586 common shares have been distributed to investors. The remaining 50,363,414 shares are currently held by the settlement agent and will be issued upon the expected receipt of the outstanding funds.

Operationally, Touchstone has completed running intermediate casing to approximately 5,800 feet at the Cascadura-5 development well. The company will now proceed to drill the primary target zone.

About Touchstone Exploration Inc.

Touchstone Exploration 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 Alternative Investment Market of the London Stock Exchange under the symbol TXP.

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