Result of Retail Offer

CALGARY, ALBERTA (October 29, 2025) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX, LSE: TXP) is pleased to announce that, following the closing of the Retail Offer on the BookBuild platform on October 28, 2025, 6,181,818 new common shares with no par value ("Common Shares") in the capital of the Company (the "Retail Offer Shares") will be issued at an issue price of 11 pence per Retail Offer Share, to raise the maximum gross proceeds available under the Retail Offer of £0.68 million.

Accordingly, the aggregate gross proceeds raised from the Retail Offer and the private placement announced by the Company on October 24, 2025 is £7.0 million (approximately US$9.33 million) (the "Placing").

Capitalised terms used in this announcement, unless otherwise defined in this announcement, have the meaning given to them in the Retail Offer launch announcement released by the Company at 7.05 a.m. on October 24, 2025. References to times are to London times unless otherwise stated.

Admission, settlement and total voting rights

Application has been made for 63,636,363 new Common Shares (comprising the Retail Offer Shares and 57,454,545 new Common Shares to be issued pursuant to the Placing) to be admitted to trading on the Toronto Stock Exchange ("TSX") and AIM ("Admission"). Subject to the receipt of required approvals from the TSX and AIM, admission to AIM will take place at or around 8.00 a.m. on October 30, 2025. Admission to the TSX will take place upon settlement of the Placing, on or around October 30, 2025.

The Placing and Retail Offer are conditional on, among other things, Admission becoming effective (including final approval for the listing of the new Common Shares on the TSX) and the placing agreement entered into between the Company and Shore Capital in connection with the Placing not being terminated in accordance with its terms. Completion of the Retail Offer is conditional, inter alia, upon the completion of the Placing.

The Company currently has 261,097,246 Common Shares in issue. Following Admission, the Company's issued share capital will consist of 324,733,609 Common Shares. The Company does not hold any Common Shares in treasury and, therefore, following Admission, the total number of voting rights attributable to the common shares in the capital of the Company will be 324,733,609. This figure may be used by shareholders to determine if they are required to notify their interest in, or a change to their interest in, the Company.

Touchstone Exploration Inc.

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) 20 7408 4090

Canaccord Genuity (Joint Broker)

Adam James / Charlie Hammond Tel: +44 (0) 20 7523 8000

FTI Consulting (Financial PR)

Nick Hennis / Ben Brewerton Tel: +44 (0) 20 3727 1000

Currency

Unless otherwise stated, all financial amounts referenced herein are expressed in British pounds sterling ("£"). For reference purposes only, one British pound has been translated into United States dollars ("US$") at a rate of £1.00 = US$1.40.

UK Product Governance Requirements

Solely for the purposes of the product governance requirements of Chapter 3 of the FCA Handbook Product Intervention and Product Governance Sourcebook (the "UK MiFIR Product Governance Requirements"), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any "manufacturer" (for the purposes of the UK MiFIR Product Governance Requirements) may otherwise have with respect thereto, the Retail Offer Shares were subject to a product approval process, which determined that the Retail Offer Shares are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in paragraphs 3.5 and 3.6 of COBS; and (ii) eligible for distribution through all permitted distribution channels (the "Target Market Assessment"). Notwithstanding the Target Market Assessment, distributors should note that: the price of the Retail Offer Shares may decline and investors could lose all or part of their investment; the Retail Offer Shares offer no guaranteed income and no capital protection; and an investment in the Retail Offer Shares is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to any contractual, legal or regulatory selling restrictions in relation to the Retail Offer.