Mr. Paul Baay reports

TOUCHSTONE EXPLORATION ANNOUNCES RESULTS OF 2026 ANNUAL AND SPECIAL MEETING

All matters put before shareholders at Touchstone Exploration Inc.'s 2026 annual and special meeting of shareholders, held virtually on July 23, 2026, were duly approved. A total of 82,383,533 common shares were voted at the meeting, representing 25.37 per cent of the common shares eligible to vote.

At the meeting, shareholders approved the following:

1. An ordinary resolution to fix the number of directors to be elected at the meeting at seven, with 93.75 per cent of the common shares represented at the meeting voting in favour.

2. Each of the nominees proposed for election was duly elected as a director of Touchstone. The number and percentage of common shares represented at the meeting voting for, and withheld from voting for, each nominee were as shown in the attached table.

3. An ordinary resolution appointing Ernst & Young LLP, chartered professional accountants, of Calgary, Alta., as auditor of Touchstone for the ensuing year at a remuneration to be determined by the company's board of directors, with 94.70 per cent of the common shares represented at the meeting voting in favour.

4. An ordinary resolution approving and authorizing all common shares that may be issuable pursuant to unallocated awards under the company's omnibus incentive compensation plan, with 91.51 per cent of the common shares represented at the meeting voting in favour.

5. An ordinary resolution approving and authorizing the issuance of up to 63,555,276 common shares to JJR Wood Holdings Inc. in connection with the company's Aug. 8, 2025, convertible debenture, including common shares issuable upon conversion, upon the exercise of warrants, and, if applicable, in settlement of interest, including the requisite approval of disinterested shareholders, with 92.53 per cent of the common shares represented at the meeting voting in favour.

6. An ordinary resolution approving and authorizing (i) the repayment in full of the company's non-convertible debenture (the Purebond debenture) held by Purebond Ltd., and (ii) the issuance of up to 89,765,000 additional common shares to Purebond pursuant to Purebond's resubscription, including the requisite approval of disinterested shareholders, with 72.07 per cent of the common shares represented at the meeting voting in favour.

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

Purebond debenture repayment and subscription

In connection with item 6 above, the repayment of the Purebond debenture and the issuance of 89,765,000 common shares to Purebond are expected to occur on July 24, 2026, provided that completion of such repayment/settlement and share issuance remains subject to the receipt of all necessary regulatory approvals (including approval of the Toronto Stock Exchange (TSX)).

Application has been made for the 89,765,000 new common shares to be admitted to trading on the Alternative Investment Market of the London Stock Exchange and listed on the Toronto Stock Exchange. Subject to the receipt of required regulatory approvals, admission of the new common shares is expected to take place at or around 8 a.m. BST on July 28, 2026, and listing on the TSX is expected to occur at market open on July 28, 2026.

Following admission of the new common shares, the company will have 441,129,939 common shares issued and outstanding. Shareholders may use this figure as the denominator for the calculations by which they determine whether they are required to notify the company of their interest, or a change in their interest, under the FCA's Disclosure Guidance and Transparency Rules.

Director/shareholder holding in the company

Upon admission, Purebond will hold an aggregate of 160 million common shares, representing approximately 36.3 per cent of the issued and outstanding common shares on an undiluted basis. Purebond is a United Kingdom-registered entity controlled and managed by, and for the benefit of, the Kansagra family pursuant to a discretionary trust. Bhupendra Kansagra, non-executive director of the company, therefore has a partial indirect economic interest in Purebond.

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 AIM of the London Stock Exchange under the symbol TXP.

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