Touchstone Exploration Inc.

Touchstone Exploration Inc.

October 03, 2011 17:28 ET

Touchstone Exploration Appoints New Vice President of Engineering

CALGARY, ALBERTA--(Marketwire - Oct. 3, 2011) - Touchstone Exploration Inc., (TSX VENTURE:TAB) ("Touchstone" or "the Company") announces it has appointed Mr. Dallas Reinhardt of Vice President, Engineering of the Company. Mr. Reinhardt is a professional engineer and a University of Calgary graduate in Chemical Engineering, and was most recently the Production Manager for Canadian Forest Oil Ltd, one of the largest independent E&P companies in the U.S. and a Canadian operation producing approximately 18,000 boed.

With the appointment the Company has granted incentive stock options to Mr. Reinhardt to purchase 500,000 common shares at an exercise price of $0.38 per share, representing the closing price of the Company's common shares on Friday, September 30th, 2011 as reported on the TSX Venture Exchange. The options are for a term of five years and vest in three equal installments on the first, second and third anniversary from the date of grant. All securities related to the grant of stock options granted to insiders, as that term is defined under the TSX Venture Exchange policies, will be subject to a four-month hold period from the date of grant in accordance with such policies.

The companies in which Touchstone Exploration Inc. directly and indirectly owns investments or assets are separate entities. In this news release "Touchstone" and "the Touchstone Group" are sometimes used for convenience where references are made to Touchstone Exploration Inc. and its subsidiaries in general.

Cautionary Note Regarding Forward-looking Statements: Information in this press 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 press release are based upon information available to Touchstone as of the date of this press 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 continuous disclosure documents which may be viewed 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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