Mr. Paul Baay reports

TOUCHSTONE EXPLORATION INC. INITIAL RESULTS OF FUNDRAISE

Further to Touchstone Exploration Inc.'s announcement dated June 4, 2026, regarding the fundraise, Touchstone Exploration has initially raised aggregate gross proceeds (before expenses) of $10.9-million (U.S.) (approximately 8.1 million British pounds and $15-million (Canadian)) at the issue price of seven pence per new common share (equivalent to approximately 13 Canadian cents per new common share).

Of the aggregate gross proceeds raised to date, approximately $10.3-million (U.S.) (approximately 7.7 million British pounds and $14.3-million (Canadian)) is being subscribed for by the company's largest shareholder, Purebond Ltd., by way of the aggregate of the first-tranche subscription shares and the debt securities (each as defined in the fundraise announcement, which also provides further details of the subscription agreement).

The WRAP (Winterflood Retail Access Platform) offer remains open for participation and a further announcement will be made upon its closing confirming, inter alia, the final aggregate number of new common shares to be issued, allocations to Purebond and related party transaction disclosures.

Canaccord Genuity Ltd. acted as nominated adviser and lead bookrunner and Cavendish Capital Markets Ltd. acted as a joint bookrunner in connection with the placing. Canaccord Genuity Corp. acted as Canadian adviser in respect of the LIFE (listed issuer financing exemption) offering.

Admission and total voting rights

Application will be made to the AIM (Alternative Investment Market) for the first-tranche subscription shares, the placing shares, and the LIFE offering shares to be admitted to trading on AIM (first admission) and the Toronto Stock Exchange to list the new common shares. First admission is expected to occur on or around June 10, 2026.

The LIFE offering shares will be immediately freely tradable in Canada pursuant to the listed issuer financing exemption.

A further announcement will be made following the close of the WRAP offer, which will include the total voting rights in the company's share capital at first admission, pursuant to the admission of the first-tranche subscription shares, the placing shares, the LIFE offering shares and the WRAP offer shares.

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 TSX and the AIM of the London Stock Exchange under the symbol TXP.

We seek Safe Harbor.