Touchstone Exploration Inc.

Remuneration Information • Aug 27, 2025

National Storage Mechanism | Additional information

RNS Number : 8366W

Touchstone Exploration Inc.

27 August 2025

GRANT OF LONG-TERM SHARE AWARDS

CALGARY, ALBERTA (August 27, 2025) - Touchstone Exploration Inc. ("Touchstone" or the "Company") reports that the Company granted its non-executive directors, executive officers and key employees share awards on August 25, 2025 as part of its long-term compensation program.

The Company issued 3,537,139 restricted share units ("RSUs") and 3,423,974 performance share units ("PSUs") under its shareholder approved omnibus incentive compensation plan to its executive officers and key employees.

The RSUs vest in equal one-third tranches on each of the first three anniversaries of the grant date. PSU awards cliff vest on the third anniversary of the grant date and are subject to a performance multiplier ranging from zero times to 1.75 times based on achievement of predefined corporate performance targets set by the Board of Directors ("Board") over the vesting period. RSU awards are fixed while the number of PSUs earned is variable. Each RSU and PSU award may, at the Board's discretion, be settled in common shares, cash, or a combination thereof. If paid in cash, the plan participant will receive a cash payment based on the fair value of the underlying common shares on the applicable vesting date.

In accordance with its long-term director compensation plan, the Company issued 1,476,424 deferred share units ("DSUs") to its non-executive directors. DSUs vest immediately upon grant but may only be redeemed after the director ceases to be a member of the Board. DSUs are settled in cash based on the market price of the Company's common shares at the time of redemption.

The annual grants were awarded to the following recipients:

Recipient	Number of RSUs
Paul R. Baay, Director, President and Chief Executive Officer	660,128
Scott Budau, Chief Financial Officer	462,090
Brian Hollingshead, EVP, Engineering and Business Development	386,647
James Shipka, EVP, Asset Development and HSE	418,710
Employees	1,609,564
Total	3,537,139

Recipient	Number of PSUs
Paul R. Baay, Director, President and Chief Executive Officer	660,128
Scott Budau, Chief Financial Officer	462,090
Brian Hollingshead, EVP, Engineering and Business Development	386,647
James Shipka, EVP, Asset Development and HSE	418,710
Employees	1,496,399
Total	3,423,974

Recipient	Number of DSUs
Priya Marajh, Non-Executive Director	278,008
Kenneth R. McKinnon, Non-Executive Director	320,634
Peter Nicol, Non-Executive Director	299,887
Beverley Smith, Non-Executive Director	278,008
Stanley T. Smith, Non-Executive Director	299,887
Total	1,476,424

The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail on the above transactions.

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.

Mr. Paul Baay, President and Chief Executive Officer                 Tel: +1 (403) 750-4405

Mr. Scott Budau, Chief Financial Officer

Shore Capital (Nominated Advisor and Joint Broker)

Daniel Bush / Toby Gibbs / Tom Knibbs                                     Tel: +44 (0) 207 408 4090

Canaccord Genuity (Joint Broker) 

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

FTI Consulting (Financial PR)

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

Email: touchstone@fticonsulting.com

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulation.

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

1.   Paul R. Baay

2.   Scott Budau

3.   Brian Hollingshead

4.   James Shipka

5.   Paul R. Baay

6.   Scott Budau

7.   Brian Hollingshead

8.   James Shipka

9.   Priya Marajh

10.  Kenneth R. McKinnon

11.  Peter Nicol

12.  Beverley Smith

13.  Stanley T. Smith

2.

Reason for the notification

a)

Position/status

1.   Director, President and Chief Executive Officer

2.   Chief Financial Officer

3.   EVP, Engineering and Business Development

4.   EVP, Asset Development and HSE

5.   Director, President and Chief Executive Officer

6.   Chief Financial Officer

7.   EVP, Engineering and Business Development

8.   EVP, Asset Development and HSE

9.   Non-Executive Director

10.  Non-Executive Director

11.  Non-Executive Director

12.  Non-Executive Director

13.  Non-Executive Director

b)

Initial notification /Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Touchstone Exploration Inc.

b)

LEI

2138008URBSUC1J24J73

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

1.  Restricted share units over common shares of no par value in the capital of Touchstone Exploration Inc.

2.  Restricted share units over common shares of no par value in the capital of Touchstone Exploration Inc.

3.  Restricted share units over common shares of no par value in the capital of Touchstone Exploration Inc.

4.  Restricted share units over common shares of no par value in the capital of Touchstone Exploration Inc.

5.  Performance share units over common shares of no par value in the capital of Touchstone Exploration Inc.

6.  Performance share units over common shares of no par value in the capital of Touchstone Exploration Inc.

7.  Performance share units over common shares of no par value in the capital of Touchstone Exploration Inc.

8.  Performance share units over common shares of no par value in the capital of Touchstone Exploration Inc.

9.  Deferred share units over common shares of no par value in the capital of Touchstone Exploration Inc.

10.      Deferred share units over common shares of no par value in the capital of Touchstone Exploration Inc.

11.      Deferred share units over common shares of no par value in the capital of Touchstone Exploration Inc.

12.      Deferred share units over common shares of no par value in the capital of Touchstone Exploration Inc.

13.      Deferred share units over common shares of no par value in the capital of Touchstone Exploration Inc.

CA89156L1085

b)

Nature of the transactions

Grant of share units to executive directors/officers

c)

Prices and volumes

	Effective prices	Volumes
1.	Nil	660,128
2.	Nil	462,090
3.	Nil	386,647
4.	Nil	418,710
5.	Nil	660,128
6.	Nil	462,090
7.	Nil	386,647
8.	Nil	418,710
9.	Nil	278,008
10.	Nil	320,634
11.	Nil	299,887
12.	Nil	278,008
13.	Nil	299,887

d)

Aggregated information

- Aggregated volume

- Price

Aggregate volumes

1.   660,128

2.   462,090

3.   386,647

4.   418,710

5.   660,128

6.   462,090

7.   386,647

8.   418,710

9.   278,008

10.  320,634

11.  299,887

12.  278,008

13.  299,887

Aggregate prices

1.   Nil

2.   Nil

3.   Nil

4.   Nil

5.   Nil

6.   Nil

7.   Nil

8.   Nil

9.   Nil

10.  Nil

11.  Nil

12.  Nil

13.  Nil

e)

Date of the transaction

August 25, 2025

f)

Place of the transaction

Outside a trading venue

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