APPOINTMENT OF NON-EXECUTIVE DIRECTOR

Summary by AI ^BETAClose X

Touchstone Exploration Inc. has appointed Mr. Bhupendra Kansagra as a Non-Executive Director, effective immediately, following a private placement with Purebond Limited. Purebond, which holds 50,000,000 shares representing 15.4% of voting rights, exercised its right to nominate a director. Mr. Kansagra brings extensive experience in the resource sector and international capital markets, and has a partial indirect economic interest in Purebond. While Mr. Kansagra was a director of Nandan Cleantech PLC when administrators were appointed in 2014, and Chessum Plants Ltd when administrators were appointed in 2018, both companies were subsequently dissolved with no shortfall to secured creditors or no shortfall to creditors respectively.

Disclaimer*

Touchstone Exploration Inc.

08 January 2026

APPOINTMENT OF NON-EXECUTIVE DIRECTOR

CALGARY, ALBERTA (January 8, 2026) - Touchstone Exploration Inc. ("Touchstone", "we", "our" or the "Company") (TSX, LSE: TXP) announces the appointment of Mr. Bhupendra Kansagra to the Company's Board of Directors (the "Board") as a Non-Executive Director, effective immediately.

The appointment follows the Company's completion of the private placement with Purebond Limited ("Purebond") previously announced on October 24, 2025. Pursuant to an investor rights agreement, Purebond has exercised its right to nominate a director to the Board. Mr. Kansagra, a director of Purebond, is a UK-based executive with extensive experience in the resource sector and international capital markets.

The Company has been informed that, as of October 30, 2025, Purebond holds 50,000,000 shares in the Company, representing 15.4% of voting rights. Purebond Limited is a UK registered entity controlled and managed by, and for the benefit of, the Kansagra family pursuant to a discretionary trust. Mr. Bhupendra Kansagra therefore has a partial indirect economic interest in Purebond.

Kenneth McKinnon, Chair of the Board, commented:

"We are very pleased to welcome Bhupendra to the Board. As we continue to execute our growth strategy in Trinidad, his deep knowledge of capital markets and the energy sector will be invaluable. We look forward to his strategic insights and the perspective he brings as a representative of our new significant shareholder, Purebond."

Bhupendra Kansagra, Director, commented:

"I am honoured to join Touchstone's Board at this pivotal stage in the Company's development. Touchstone has built an impressive asset base with significant potential, and I look forward to working with the team to support the Company's continued success and the delivery of long-term value for all shareholders."

Further Information on the Appointment

The following details in relation to the appointment of Bhupendra Kansagra is disclosed in accordance with AIM Rule 17 and Schedule 2(g) of the AIM Rules:

Bhupendra (Bhulo) Shantilal Kansagra (aged 69) has held the following directorships and/or partnerships in the past five years.

Current Directorships/Partnerships	Past Directorships/Partnerships (last five years)
UML ALBERT PARK LIMITED	UML HOLDCO LIMITED
UML SEPANG LIMITED	FESTATES LIMITED
UML MARINA BAY LIMITED	OCEAN GIANT SECURITY SERVICES (UK) LIMITED
UML BAKU LIMITED	WELLINGTON MARITIME LIMITED
UML HUDSON LIMITED	UMLNB 20 LIMITED
UML GOODWOOD LIMITED	UMLNB 19 LIMITED
UMLNB 38 LIMITED	UMLNB 7 LIMITED
UMLNB 39 LIMITED	TOP MARINE PAINTS LIMITED
UML GOODWILL LIMITED	MARULA VENTURES LIMITED
UML INTERLAGOS LIMITED	FULTON ST JAMES LIMITED
UML WITHAM LIMITED	FULTON GRAND LIMITED
UML MERCURY LIMITED	UNION DATA SERVICES LIMITED
UML GREEN EAGLE LIMITED	PORT MOODY LIMITED
UML HOLMES LIMITED	PORT UNION LIMITED
UMLNB 37 LIMITED	PORT STANLEY LIMITED
UML ALKEBULAN LIMITED	UML WINCHESTER LIMITED
EAGLE MARITIME LIMITED	FULTON HYDE LIMITED
UMLNB 35 LIMITED	FULTON LINCOLN LIMITED
UMLNB 36 LIMITED	FULTON REGENT LIMITED
HEALTHILY LTD	UCL HARROW LIMITED
UMLNB 33 LIMITED	UML PORTMAN LIMITED
UMLNB 34 LIMITED	UML HINDE LIMITED
UMLNB 31 LIMITED	TOP FENDERS 4 LIMITED
SEALABS LIMITED	CONONISH MINING LIMITED
UML EVO LIMITED	FOCUS TANKERS LIMITED
VENOIL LIMITED	UMLNB 2 LIMITED
UML AVON LIMITED	PORT SAID LIMITED
UML CLYDE LIMITED	UML KNOX LIMITED
UML BRANDS HATCH LIMITED	UMLNB 4 LIMITED
UML BURAN LIMITED	UMLNB 3 LIMITED
UML ZONDA LIMITED	UMLNB 1 LIMITED
UML TRADING LIMITED	UML WEMBLEY LIMITED
OAKFIELD COURT (WELWYN) MANAGEMENT COMPANY LIMITED	UML DORSET LIMITED
UML MONZA LIMITED	UML CHILTERN LIMITED
UML SPA LIMITED	UML MARLIN LIMITED
UML BALHAM LIMITED	UML EAGLE LIMITED
UMLNB 14 LIMITED	OSPIRIT LIMITED
UMLNB 15 LIMITED	OFORCE LIMITED
UMLNB 13 LIMITED	TOP FENDERS 1 LIMITED
UMLNB 16 LIMITED	HUXLEY GLOBAL LIMITED
UML DART LIMITED	11 HOSPITALITY (LUTON) LIMITED
UML OSTRO LIMITED	PESTATES LIMITED
UML NOTUS LIMITED	KESTATES LET LIMITED
UMLNB 12 LIMITED	XESTATES LIMITED
UML CHINOOK LIMITED	GESTATES LIMITED
UML SEVERN LIMITED	PROXIMITY HOMES LIMITED
UML BEDFORD LIMITED	NESTATES LET LIMITED
UML TWEED LIMITED	HEATHFIELD HOUSE CAMBRIDGE LIMITED
UML MERSEY LIMITED	BAGSHOT SHIPPING LIMITED
UML SHERLOCK LIMITED	UML WATSON LIMITED
UNION MARITIME SERVICES LIMITED	PINARELLO SHIPPING LIMITED
MATEL LIMITED	VISTEC ESTATES LIMITED
UML BERNERS LIMITED	ARCT OCEAN LIMITED
UML BONDI LIMITED	IND OCEAN LIMITED
33 HOSPITALITY LIMITED	ANTA OCEAN LIMITED
FULMAR HOLDCO LIMITED	PACIF OCEAN LIMITED
ANAVATOS HOLDCO LIMITED	ATL OCEAN LIMITED
ATLANTAS BULK SHIP MANAGEMENT LTD	ULTRA MOUNT ATHOS LIMITED
UML PICTON LIMITED	PETIT CHAM LIMITED
UML WESTMORE LIMITED	FLEET TRADER LIMITED
UML ABBEY LIMITED	KALIXENOS LIMITED
UML BRUNSWICK LIMITED	KAMSAR MONT FORT LIMITED
UML GLIFA LIMITED	CAPE SANDRA LIMITED
GLIFA HOLDCO LIMITED
UMLNB 6 LIMITED
UMLNB 5 LIMITED
UMLNB HOLDINGS LIMITED
GORDON SHIPPING LIMITED
UML CARLTON LIMITED
UML WELLINGTON LIMITED
UNION MARINE SERVICES LIMITED
UML AMPLEFORTH LIMITED
UML BRYANSTON LIMITED
BDP SPIRIT LIMITED
UCL SPRINGFIELD LIMITED
UCL ASTON LIMITED
ICEPORT TWO LIMITED
UML WEYMOUTH LIMITED
11 HOSPITALITY LIMITED
NELSON HOUSE CAMBRIDGE LIMITED
UNION MARITIME HOLDINGS LIMITED
73WHR LIMITED
TEMPSFORD ESTATES LIMITED
SOLAI HOUSE LIMITED
BISH 1 LIMITED
BISH 2 LIMITED
TPT SHIPBROKERS INT. LIMITED
TUNE CHEMICAL TANKERS (UK) LIMITED
UML VICTORIA LIMITED
HUDSON ALMERE LIMITED
HUDSON CHEMICAL TANKERS LIMITED
HUDSON KENSINGTON LIMITED
HUDSON ARNHEM LIMITED
HUDSON LISSE LIMITED
HUDSON RICHMOND LIMITED
HUDSON BRENT LIMITED
HUDSON CAMDEN LIMITED
HCT PORTLAND LIMITED
ATLANTAS TECHNICAL SERVICES LIMITED
ATLANTAS SHIP GROUP LIMITED
UML BAKERLOO LIMITED
UNION COMMERCIAL SERVICES LIMITED
ICEPORT ONE LIMITED
UNION CARRIERS LIMITED
UML MAYFAIR LIMITED
UML WESTMINSTER LIMITED
UESTATES LIMITED
DUNE RESOURCES LET LIMITED
CESTATES LET LIMITED
WAITE DAVIES LET LIMITED
UML WIMPOLE LIMITED
UML BLANDFORD LIMITED
UML MOXON LIMITED
UML WIGMORE LIMITED
ATLANTAS SHIP MANAGEMENT LIMITED
TMS OFFSHORE LIMITED
CESTATES LIMITED
WAITE DAVIES LIMITED
CLION LIMITED
P ENERGY LIMITED
B EMERALD LIMITED
B CRYSTAL LIMITED
OSTRIDER LIMITED
DUNE RESOURCES LIMITED
OBLUE LIMITED
UNION BUNKERING LIMITED
SOLAI USA LIMITED
ICEPORT LIMITED
KERIO LIMITED
UNION GLORY LIMITED
UNION INVESTCORP LIMITED
TOP FENDERS LIMITED
UNION MARITIME LIMITED
PUREBOND LIMITED
BISHOPSWOOD ESTATES LIMITED
SOLAI SERVICES LIMITED
SOLAI HOLDINGS LIMITED
AGRI-CHEMICALS LIMITED
MYDIRECTIVES, INC.
UMLNB 32 LIMITED
BC BROKERS LIMITED
UMLNB 30 LIMITED
UMLNB 29 LIMITED
UML MORIARTY LIMITED
UML SILVERSTONE LIMITED
UML EBISU LIMITED
UML SUSANOO LIMITED
UMLNB 23 LIMITED
UMLNB 24 LIMITED
UML EDEN LIMITED
LAND REGENERATION LTD
UML BROMLEY LTD
ANAVATOS LIMITED
UML CHAPEL LIMITED
11 HOSPITALITY (BIRMINGHAM) LIMITED
MARYLEBONE HOLDCO LIMITED
KESTATES LIMITED
ONE ALDWYCH LIMITED
ATLANTAS TECHNICAL SERVICES INDIA PRIVATE LIMITED
ATLANTAS CREW MANAGEMENT PRIVATE LIMITED

Bhupendra Kansagra was a director of Nandan Cleantech PLC ("Nandan") when administrators were appointed on 30 December 2014. Nandan was subsequently dissolved following liquidation on 21 March 2016 with no shortfall to creditors.

Bhupendra Kansagra was a director of Chessum Plants Ltd ("Chessum") within 12 months of administrators being appointed on 25 April 2018. Chessum was subsequently dissolved following liquidation on 16 December 2023 with no shortfall to secured creditors but a shortfall to unsecured creditors.

There is no further information to be disclosed in relation to Bhupendra Kansagra' appointment pursuant to AIM Rule 17 or Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

Touchstone Exploration Inc.

Touchstone Exploration Inc. 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 market of the London Stock Exchange under the symbol "TXP". For further information about Touchstone, please visit our website at www.touchstoneexploration.com or contact:

Touchstone Exploration Inc.

Paul R. Baay, President and Chief Executive Officer Tel: +1 (403) 750-4487

Scott Budau, Chief Financial Officer

Brian Hollingshead, EVP Engineering and BD

Canaccord Genuity Limited (Nominated Advisor and Joint Broker)

Adam James / Charlie Hammond Tel: +44 (0) 207 523 8000

Cavendish Capital Markets Limited (Joint Broker)

Neil McDonald / Derrick Lee / Graham Hall Tel: +44 (0) 131 220 6939

FTI Consulting (Financial PR)

Nick Hennis / Ben Brewerton Tel: +44 (0) 203 727 1000;

touchstone@fticonsulting.com

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