Grant Of Long-term Share Awards

In brief · summary, not quotable

Company granted 3.5m RSUs, 3.4m PSUs to executives and employees, and 1.5m DSUs to non-executive directors.

Restricted share units granted 3,537,139
Performance share units granted 3,423,974
Deferred share units granted to directors 1,476,424
RSUs to CEO 660,128
PSUs to CEO 660,128

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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

Touchstone Exploration Inc.

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

	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
a)	Name	Touchstone Exploration Inc.
b)	LEI	2138008URBSUC1J24J73
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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