Touchstone Exploration announces that Mr. John D. Wright has retired as a member and Chair of the Board of Directors, effective immediately.

Touchstone has announced the appointment of Mr. Kenneth R. McKinnon, K.C., ICD.D, as Chair of the Board of Directors. A member of the Board of Directors since 2012, Mr. McKinnon brings extensive experience in corporate governance, financial oversight, and strategic advisory roles. His service on numerous public company boards and committees has provided him with the insight and leadership required to guide Touchstone through Touchstone's continued growth. With a strong commitment to governance excellence and an independent perspective, Mr. McKinnon is well-positioned to support the Company's long-term growth strategy.

Additionally, following a comprehensive review of the Company's governance in light of the company's operations, geographic footprint, strategic direction, and scale, Touchstone intend to reduce the size of their Board to six members at the upcoming Annual Meeting of Shareholders on June 18, 2025. This strategic decision aims to streamline decision-making, enhance Board efficiency, and support a more agile governance framework aligned with the Company's long-term goals. As part of this process, Touchstone is conducting a thorough evaluation of the skills and expertise required to support their future Board governance and committee needs. The Company intends to nominate six current members of the Board for re-election at the 2025 Meeting.

Paul Baay, President and Chief Executive Officer, commented:
"On behalf of Touchstone, I extend our sincere gratitude to John for his leadership and unwavering dedication as Chair of the Board since 2012. With a career in executive leadership across the energy sector, John's strategic vision and industry insight have been instrumental in driving Touchstone's growth. His contributions to the Company and to the broader industry through both his leadership and philanthropy continue to leave a meaningful and lasting legacy.

I am also pleased to welcome Mr. Ken McKinnon as the new Chair of our Board. Ken brings extensive experience, proven strategic leadership, and deep industry knowledge that will be invaluable as we advance our growth strategy. I look forward to working closely with him as we begin this next chapter in Touchstone's evolution."

Ken McKinnon, Chair of the Board, commented:
"I would like to thank John for his outstanding service and exemplary leadership. His guidance has been pivotal in navigating the Company through key phases of development, and his dedication and expertise have left a lasting impact on both the Board and the organization. We are deeply grateful for his many contributions.

It is an honour to assume the role of Chair of the Board, and I am appreciated of the trust and confidence placed in me. I look forward to supporting the Company's continued progress and long-term success." 

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