Touchstone Exploration Inc.

Touchstone Exploration Inc.

September 13, 2011 14:42 ET

Touchstone Announces Filing of Preliminary Short Form Prospectus With Respect to Previously Closed Subscription Receipt Financing

CALGARY, ALBERTA--(Marketwire - Sept. 13, 2011) -


Touchstone Exploration Inc. (TSX VENTURE:TAB) ("Touchstone" or the "Company") is pleased to announce that it has filed a preliminary short form prospectus to qualify the distribution of up to 44,107,573 common shares (the "Qualified Shares") in the capital of the Company issuable upon the deemed exercise of 44,107,573 issued and outstanding subscription receipts (the "Subscription Receipts") of the Company and a further 4,410,757 common shares (the "Additional Qualified Shares") in the capital of the Company issuable upon the deemed exercise of rights (each a "Right") entitling the holder of a Subscription Receipt to receive 0.1 of a common share for each Right held by such holder without additional consideration or further action on the exercise of the Subscription Receipts. The Subscription Receipts and Rights were issued on June 29, 2011 and offered to purchasers in the provinces of Alberta, British Columbia, Saskatchewan and Ontario the ("Offering Jurisdictions") on a private placement basis pursuant to prospectus exemptions under applicable securities legislation (the "Subscription Receipt Offering") through Paradigm Capital Inc. ("Paradigm") and FirstEnergy Capital Corp. as lead agents together with a syndicate of agents comprised of Canaccord Genuity Corp., CIBC World Markets Inc., Fraser Mackenzie Limited and Haywood Securities Inc. (collectively the "Agents").

This news release is not for distribution to United States newswire services, should not be disseminated in the United States and does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities of Touchstone Exploration Inc. have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Cautionary Note Regarding Forward-looking Statements: Information in this news release that involves Touchstone's expectations, plans, intentions or strategies regarding the future are forward-looking statements that are not facts and involve a number of risks and uncertainties. Touchstone generally uses words such as "outlook", "will", "could", "would", "might", "remains", "to be", "plans", "believes", "may", "expects", "intends", "anticipates", "estimate", "future", "plan", "positioned", "potential", "project", "remain", "scheduled", "set to", "subject to", "upcoming", and similar expressions to help identify forward-looking statements. The forward-looking statements in this news release are based upon information available to Touchstone as of the date of this news release. Forward-looking statements believed to be true when made may ultimately prove to be incorrect. These statements are not guarantees of the future performance of Touchstone and are subject to risks, uncertainties and other factors, some of which are beyond its control and may cause actual results to differ materially from current expectations. For further information regarding specific risks and uncertainties applicable to Touchstone please see Touchstone's Annual Information Form and the most recent management discussion and analysis, which may be viewed with other Touchstone disclosure documents through the Internet on the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) at Touchstone does not undertake any obligation to publicly update forward-looking information except as required by applicable securities law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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