Mr. Jeffrey Wood of JJR Wood reports

JJR WOOD HOLDINGS INC. ACQUIRES SECURED CONVERTIBLE DEBENTURE AND WARRANTS OF TOUCHSTONE EXPLORATION INC

JJR Wood Holdings Inc., beneficially owned and controlled by Jeffrey Wood, on Aug. 13, 2025, acquired a $12.5-million (U.S.) principal amount secured convertible debenture and 6.25 million common share purchase warrants in the capital of Touchstone Exploration Inc., as part of the company's non-brokered private placement.

Prior to the completion of the transaction, Mr. Wood, directly or indirectly, beneficially owned and controlled, an aggregate of 644,860 common shares in the capital of the company, representing approximately 0.25 per cent of the then issued and outstanding common shares on both an undiluted basis and a partially diluted basis. Upon completion of the transaction, Mr. Wood, directly or indirectly, beneficially owns and controls an aggregate of 644,860 common shares, 6.25 million warrants and the debenture, representing approximately 0.25 per cent of the issued and outstanding common shares on an undiluted basis. Mr. Wood will have the right to own, after conversion in full of the debenture and exercise of the warrants, 64,200,136 common shares, representing approximately 19.78 per cent of the issued and outstanding common shares (after giving effect to the conversion of the full amount of debenture and exercise of the warrants issued under the transaction).

Mr. Wood has a long-term view of the investment and may acquire additional securities of the company either on the open market or through private acquisitions, or sell the common shares on the open market or through private dispositions, in the future depending on market conditions, reformulation of plans and/or other relevant factors.

This news release is issued pursuant to National Instruments 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, and NI 62-104, Take-over Bids and Issuer Bids, which also require a report to be filed with regulatory authorities in each of the jurisdictions in which the company is a reporting issuer containing information with respect to the foregoing matter. For further details relating to the acquisition, please see the early warning report, a copy of which is available under the company's profile on SEDAR+, or may be requested by contacting Mr. Wood by mail, care of Irwin Lowy LLP, 217 Queen St. W, Suite 401, Toronto, Ont., M5V 0R2, or by e-mail at jwood@treelawngroup.com.