Framework Agreement signed with NGC and Heritage

4 May 2020

Touchstone Exploration Inc.

 ("Touchstone" or the "Company")  

Framework Agreement signed with NGC and Heritage for new gas supply

Touchstone Exploration Inc. (TSX / LSE: TXP), an oil and gas exploration and production company active in the Republic of Trinidad and Tobago, is pleased to announce that it has signed a Framework Agreement with the National Gas Company of Trinidad and Tobago ("NGC") and Heritage Petroleum Company Limited with respect to the development, sale and purchase of natural gas and natural gas liquids produced from the Ortoire Block.

For further details, please find enclosed a link to the full announcement issued by the NGC:

https://media.ngc.co.tt/ngc-signs-framework-agreement-with-touchstone-and-heritage-for-new-gas-supply/

The Company will provide a further update to the market in due course once a detailed contract has been negotiated between the parties.

Touchstone Exploration Inc.

Touchstone Exploration Inc. is a Calgary 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) 750-4487

Shore Capital (Nominated Adviser and Broker)

Nominated Advisor: Edward Mansfield / Daniel Bush / Michael McGloin   Tel: +44 (0) 207 408 4090

Corporate Broking: Jerry Keen

Camarco (Financial PR)

Nick Hennis / Bill Clegg                                                                         Tel: +44 (0) 203 781 8330

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