Corporate Presentation

September 2020

Driving growth, profitability and responsibility in the

Trinidad oil and gas industry

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Forward Looking InformationUnless otherwise stated, all financial amounts herein are presented in United States dollars (“$”). The Company may also reference Canadian dollars (“C$”), Trinidad and Tobago dollars (“TT$”) and Pounds Sterling(“£”) herein.

Certain information regarding Touchstone Exploration Inc. (“Touchstone” or the “Company”) set forth in this presentation, including assessments by the Company’s Management of the Company’s plans andfuture operations, contains forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact may be forward-lookingstatements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”,“potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe” and other similar expressions. Statements relating to “reserves” and “resources” are deemed to be forward-looking statements, as theyinvolve the implied assessment, based on certain estimates and assumptions, that the reserves and resources described exist in the quantities predicted or estimated and can be profitably produced in thefuture. The Company has a reasonable basis for disclosing such statements, which represent the Company’s internal projections, estimates or beliefs concerning future growth, and results of operations.

With respect to forward-looking information contained in this presentation, the Company has made assumptions regarding: financial condition, outlook and results of operations, exploration, development andassociated operational plans (including drilling, testing, facilities construction and recompletion programs) and the anticipated costs and timing thereof; estimated oil and gas reserves (including the magnitude,ability to recover, commerciality and net present value thereof); production rates and production decline rates; the success of exploration opportunities; plans for and results of production testing; the ability tosecure necessary personnel, equipment, production licences and services; environmental matters; future commodity prices; changes to prevailing regulatory, royalty, tax and environmental laws and regulations;the impact of competition, future capital and other expenditures (including the amount, nature and sources of funding thereof); future financing sources; and business prospects and opportunities; and theimpact the COVID-19 pandemic will have on the Company’s future operations and future petroleum pricing, among other things.

Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipateddue to a number of factors and risks. New factors emerge from time to time, and it is not possible for Management to predict all of such factors and to assess in advance the impact of each such factor onTouchstone’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Although the Companybelieves that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because theCompany can give no assurance that they will prove to be correct. Some of the risks that could affect the Company's future results and could cause results to differ materially from those expressed in theforward-looking information are described under the heading “Advisories: Business Risks” in this presentation and are also set out in more detail in the Company's 2019 Annual Information Form dated March 25,2020 which has been filed on SEDAR and can be accessed at www.sedar.com.

Investors should not place undue reliance on any such forward-looking statements or information. Further, any forward-looking statement or information speaks only as of the date on which such statement ismade, and Touchstone undertakes no obligation to update any forward-looking statements or information except as required by law, including securities laws. All forward-looking statements and informationcontained in this presentation are qualified by such cautionary statements.

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Touchstone’s Competitive Advantage

➢Proven and experienced leadership

➢ Focused strategy onshore Trinidad oil and gas

➢Positive operating cash flows

➢ Significant exploration opportunities

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Our Five Pillar Corporate Vision

Scalable Economic Growth

Exploration Upside

Value Creation

Environmental Stewardship

Community Leadership

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Land Holdings

Exploration Acreage35,785 net working interest acresCoho – 1P reserves of 1,148 Mboe; 2P reserves of 3,348 Mboe(1)

Cascadura – 1P reserves of 23,622 Mboe; 2P reserves of 45,030 Mboe(2)

Oil Pool

Gas Pool

Developed Acreage7,836 net working interest acresProved (“1P”) reserves of 10,692 Mbbls(1)

Proved plus probable (“2P”) reserves of 18,708 Mbbls(1)

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Exploration Upside

The highly exciting exploration

campaign at the Ortoire block

represents a significant opportunity

for Touchstone and the wider Trinidad

oil & gas industry, as seen by the

success encountered at the first two

discoveries.

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Exploration Upside – Ortoire Block

Coho-1Gas Discovery

Cascadura-1ST1Gas Discovery

RoystonGas Prospect

Chinook-1Gas Prospect

Constructing Q1 2020

11.6 MMcf/d(1,925 boe/d)(3)

Constructing Q3 2020

Cascadura-DeepGas Prospect

28.1 MMcf/d 783 bbls/d

(5,472 boe/d)(4)Drilling

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The Ortoire Block - 80% working interest and 35,785 net working interest acres

GASPIPELINE

Balata East10 MMbbls

OILPIPELINE

OILPIPELINE

Oil

Pool

Pipeline

Gas

Discovery

Pool

Pipeline

Well

Facility

Pipeline tie-in

COHO

ROYSTON

CAS-1ST1

CASCADURA

ROYSTON-1

CHINOOK-1

CHINOOK

Navette57 MMbbls

Catshill30 MMbbls

Carapal Ridge

Baraka

Baraka

East

COHO-1

Central Block500 Bcf natural gas, 25 MMboe NGLs

Central Block Gas Plantc. 80 MMcf/d Capacityc. 40 MMcf/d Throughput

Pool river Valve Station

Mora Drip Valve Station

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COHO-1 Flowback testing exceeded expectations(3)46.0 MMcf/d AOF

11.6 MMcf/d average

Estimated gross future production rate(3)10 – 12 MMcf/d

(1,333 – 1,600 boe/d net)

Natural Gas Fiscal AdvantageTrinidad domestic price

12.5% crown royalty

Not subject to SPT

Reserves(1)1P - 1,148 Mboe

2P - 3,348 Mboe

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Cascadura-1ST1 Upper Test Results(4)

390 MMcf/d AOF

5,472 boe/d average

86% natural gas

Lower Test Results(4)

92 MMcf/d AOF

5,157 boe/d average

87% natural gas

Reserves(2)1P - 23,622 Mboe

2P - 45,030 Mboe

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Cascadura-Deep➢ Targeting to test two new

thrust sheets to understandthe true potential of theHerrera sands in the area.

Chinook-1 and Cascadura-Deep

Chinook-1➢ The original well was drilled

in 1959 and encountered oilon core and oil while drilling.

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Royston-1 – Natural Gas Prospect

Original well was drilled in 1965.Logs indicated 700 feet of gas effect, but the well was never tested.

Shell Trinidad LimitedLizard Springs (OL-4)

c. 1965

ROYSTON-1 LOC

P10 Case

P50 Case

P90 Case

Ortoire Synclinal

Basin

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2020 Goals2020 Corporate Goals

➢Negotiate and formalize a natural gas marketing contractfor the Ortoire block.

➢Drill Chinook-1 and Cascadura-Deep prior to the end of2020.

➢Bring Coho-1 onto production to increase cash flows anddecrease the Company’s sole reliance on volatile crude oilpricing.

➢Formulate a design and plan for production from theCascadura-1ST1 well.

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Scalable Economic Growth

Our developed properties have continued to be a key attribute to the Company’s success through the low base production decline rate and long-life production, that require minimal capital to

maintain.

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Developed Acreage and Production

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208 Drilling locations(9)

“A 20-year drilling program providing Touchstone with a strong organic growth platform”

10 Producing fieldsYTD Q2 production of 1,493 bbls/d

Environmental Stewardship

Value Creation

“I am happy to report that the Company finished the second quarter with a healthy

cash position with increased financial flexibility through a new term loan,

monetizing our Trinidad government issued bonds for past due value added taxes, and

reducing our operating and general and administrative costs.”

Paul R. Baay – President and CEO

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A Snapshot of Touchstone

First Half 2020 Results Capital Structure at August 31, 2020

Common Shares Outstanding

184,407,761

Market Capitalization(8)

C$234,197,856

Cash

$6,891,000Working Capital Surplus(5)(7)

$6,534,000

Term Credit Facility

$20,000,000

Petroleum Sales

$10,453,000Average Crude Oil Production

1,493 bbls/d

Operating Netback(5)(6)

$14.92/bbl

Funds Flow From Operations(5)

$807,000Capital Expenditures

$3,384,000

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Environmental Stewardship

Environmental Stewardship

“Touchstone is committed to working with our partners at both national and local levels to ensure

we set the benchmark for high environmental standards in

Trinidad.”

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Current: Water Disposal

Progressing towards becoming the first company in Trinidad to have no surface released water

Result:Implemented the first water disposal well in Trinidad

Current water disposal well reduces surface effluent release by

100 bbls/d.

Goal: Eliminate surface release of produced water

Goal: Our next initiative is to capture all solution gas from our wells and sales facilities to sell or use in

our operations.

Next: Mitigating Natural Gas Release

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Environmental Stewardship

Case Study: Restoration of Special Needs

Centre

➢11 employees, including our CEO, assisted in restoring aderelict building in the Rio Claro community into adevelopment centre for special needs children.

➢The centre caters to children with intellectual, physical anddevelopmental challenges and provide assistance in literacy,social exposure, vocal skills, expression in art and drama,sign language and many other life skills.

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Investment Summary

Pipeline of healthy organic growth from a multi-year production programme

Significant exploration Opportunities

Strong capital discipline combined with positive cashflow

Management has a proven record of transforming small E&Ps

Achieve a sustainable level of social and environmental responsibility

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Abbreviations

bbl(s) barrel(s)

bbls/d barrels per day

Mbbls thousand barrels

MMbbls million barrels

Mcf thousand cubic feet

Mcf/d thousand cubic feet per day

MMcf million cubic feet

MMcf/d million cubic feet per day

Bcf billion cubic feet

boe barrels of oil equivalent

boe/d barrels of oil equivalent per day

Mboe thousand barrels of oil equivalent

MMboe million barrels of oil equivalent

AIM AIM market of the London Stock Exchange plc

AOF Absolute open flow rate

Brent Dated Brent

LOA Lease Operator Agreement

NGLs Natural gas liquids

SPT Supplemental Petroleum Tax

TSX Toronto Stock Exchange

$MM million dollars

Year End: December 31

Engineers: GLJ Ltd.

Auditors: Ernst & Young LLP

Legal: Norton Rose Fulbright LLPNunez & Co.

Transfer Agent: Computershare Trust Company of Canada

Corporate Information

Head Office

Suite 4100, 350 7th Ave SWCalgary, AB T2P 3N9

Office: (403) 750-4400Website: www.touchstoneexploration.com Fax: (403) 266-5794info@touchstoneexploration.com

Trinidad Office

Touchstone Exploration (Trinidad) Ltd.#30 Forest Reserve Road

Fyzabad, Trinidad

Office: (868) 677-7411

Contacts

Paul R. BaayPresident and Chief Executive Officerpbaay@touchstoneexploration.com(403) 750-4488

Scott BudauChief Financial Officersbudau@touchstoneexploration.com(403) 750-4445

James ShipkaChief Operating Officerjshipka@touchstoneexploration.com(403) 750-4455

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Endnotes1) Based on December 31, 2019 GLJ Ltd. independent reserves evaluation. See “Advisories: Oil and Gas Reserves”.

2) Based on June 30, 2020 GLJ Ltd. independent reserves evaluation. See “Advisories: Oil and Gas Reserves”.

3) See “Advisories: Oil and Gas Test Results”. Please refer to the Company’s press releases dated September 9, 2019, November 18, 2019 and December 19, 2019 for full disclosure regarding Coho-1 test results, including applicable advisories related thereto.

4) See “Advisories: Oil and Gas Test Results”. Please refer to the Company’s press releases dated February 6, 2020, March 11, 2020 and June 15, 2020 for full disclosure regarding Cascadura-1ST1 test results, including applicable advisories related thereto.

5) Non-GAAP measure. Refer to “Advisories: Non-GAAP Measures”.

6) .Operating Netback Six months ended June 30, 2020($000’s unless otherwise indicated)

Petroleum revenue 10,453Royalties (2,914)Operating expenses (3,462)Operating netback 4,077

Crude oil production (bbls) 273,295Operating netback ($/bbl) 14.92

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Endnotes7)

8) Calculated as the product of the Company’s TSX common share closing price on August 31, 2020 (C$1.27/share) and 184,407,761 common shares outstanding.9) Drilling locations are based on December 31, 2019 GLJ Ltd. independent reserves evaluation and internal estimates. See “Advisories: Drilling Locations”.

($000’s) June 30, 2020

Current assets 15,758

Less: current liabilities 9,224

Working capital surplus 6,534

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Advisories This presentation is for information purposes only and is not under any circumstances to be construed as a prospectus or an advertisement for a public offering of such securities. No securities commission or similar authority in Canada or elsewhere orthe Toronto Stock Exchange has in any way passed upon this presentation, or the merits of any securities of Touchstone Exploration Inc., and any representation to the contrary is an offence. An investment in Touchstone Exploration Inc.’s securitiesshould be considered highly speculative due to the nature of the proposed involvement in the exploration for and production of oil and natural gas.

This presentation and the information contained herein does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of Touchstone Exploration Inc. have not been registered under the UnitedStates 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 lawsor an exemption from such registration is available.

Business Risks

The Company is exposed to numerous operational, technical, financial and regulatory risks and uncertainties, many of which are beyond its control and may significantly affect anticipated future results. The Company is exposed to risks associated withnegotiating with foreign governments as well as country risk associated with conducting international activities. Operations may be unsuccessful or delayed as a result of competition for services, supplies and equipment, mechanical and technicaldifficulties, ability to attract and retain qualified employees on a cost-effective basis, commodity and marketing risk. The Company is subject to significant drilling risks and uncertainties including the ability to find oil and gas reserves on an economicbasis and the potential for technical problems that could lead to well blow-outs and environmental damage. The Company is exposed to risks relating to the inability to obtain timely regulatory approvals, surface access, access to third-party gatheringand processing facilities, transportation and other third-party related operation risks. The Company is subject to industry conditions including changes in laws and regulations, including the adoption of new environmental laws and regulations andchanges in how they are interpreted and enforced. There are uncertainties in estimating the Company’s reserve and resource base due to the complexities in estimated future production, costs and timing of expenses and future capital. The Company issubject to the risk that it will not be able to fulfill the contractual obligations required to retain its rights to explore, develop and exploit any of its properties. The financial risks the Company is exposed to include, but are not limited to, the impact ofgeneral economic conditions in Canada and Trinidad, continued volatility in market prices for oil and gas, the impact of significant declines in market prices for oil and gas, the ability to access sufficient capital from internal and external sources, changesin income tax laws, royalties and incentive programs relating to the oil and gas industry, fluctuations in interest rates, the C$ to US$ exchange rate and the US$ to TT$ exchange rate. The Company is subject to local regulatory legislation, the compliancewith which may require significant expenditures and non-compliance with which may result in fines, penalties or production restrictions or the termination of licence, LOA or farm-in rights related to the Company’s oil and gas interests in Trinidad.Certain of these risks are set out in more detail in the Company’s 2019 Annual Information Form dated March 25, 2020 which has been filed on SEDAR and can be accessed at www.sedar.com.

The COVID-19 pandemic has resulted in emergency actions taken by governments worldwide which has had an effect in Canada and Trinidad. The actions taken by these governments have typically included, but is not limited to travel bans, mandatoryand self-imposed quarantines and isolations, physical distancing, and the closing of non-essential businesses which has had significant negative effects on economies, including a substantial decline in crude oil and natural gas demand. Additionally, suchactions have resulted in volatility and disruptions in regular business operations, supply chains and financial markets as well as declining trade and market sentiment. COVID-19 as well as other factors have resulted in the deepest drop in crude oil pricesthat global markets have seen since 1991. With the rapid spread of COVID-19, oil prices and the global equity markets have deteriorated significantly and are expected to remain under pressure. These events and conditions have caused a significantdecrease in the valuation of oil and natural gas companies and a decrease in confidence in the oil and natural gas industry. COVID-19 also poses a risk on the financial capacity of the Company's contract counterparties and potentially their ability toperform contractual obligations. The full extent of the risks surrounding the COVID-19 pandemic is continually evolving. The risks disclosed in the Company’s 2019 Annual Information Form may be exacerbated as a result of the COVID-19 pandemic:market risks related to the volatility of oil and gas prices, volatility of foreign exchange rates, volatility of the market price of common shares, and hedging arrangements; operational risks related to increasing operating costs or declines in productionlevels, operator performance and payment delays, and government regulations, ability to obtain additional financing, and variations in foreign exchange rates; and other risks related to cyber-security as our workforce moves to remote connections,accounting adjustments, effectiveness of internal controls, and reliance on key personnel, management, and labour.

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Advisories Oil and Gas Reserves

The reserves information summarized in this presentation are from the Company’s December 31, 2019 and June 30, 2020 independent reserve reports prepared by Touchstone’s independent reserves evaluator, GLJ Ltd. (“GLJ”), dated March 4, 2020and July 17, 2020, respectively. The reports were prepared in accordance with definitions, standards and procedures contained in the Canadian Oil and Gas Evaluation Handbook (“COGEH”) and National Instrument 51-101 - Standards of Disclosure forOil and Gas Activities (“NI 51-101”). All December 31, 2019 reserves presented are based on GLJ’s forecast pricing dated January 1, 2020 and estimated costs effective December 31, 2019. Additional reserves information as required under NI 51-101 isincluded in the Company’s 2019 Annual Information Form dated March 25, 2020. All June 30, 2020 reserves presented are based on GLJ’s forecast pricing dated July 1, 2020 and estimated costs effective June 30, 2020.

Oil and Gas Measures

Where applicable, natural gas has been converted to barrels of oil equivalent based on six thousand cubic feet to one barrel of oil. The barrel of oil equivalent rate is based on an energy equivalent conversion method primarily applicable at the burnertip, and given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different than the energy equivalency of the 6:1 conversion ratio, utilizing the 6:1 conversion ratio may be misleading as an indication ofvalue.

Oil and Gas Test Results

References in this presentation to production test rates and initial flow rates are useful in confirming the presence of hydrocarbons; however, such rates are not determinative of the rates at which such wells will commence production and declinethereafter and are not indicative of long-term performance or of ultimate recovery. Additionally, such rates may also include recovered "load oil" fluids used in well completion stimulation. While encouraging, readers are cautioned not to place relianceon such rates in calculating the aggregate production for the Company.

Drilling Locations

This presentation discloses total drilling locations. Drilling locations are classified into three categories: (i) proved locations; (ii) probable locations; and (iii) unbooked locations. Proved locations and probable locations are derived from the Company'sreserves evaluation of GLJ Ltd. effective December 31, 2019 and account for locations that have associated proved and/or probable reserves, as applicable. Unbooked locations are internal estimates based on the prospective acreage associated with theCompany’s assets and an assumption as to the number of wells that can be drilled based on industry practice and internal review. Unbooked locations do not have attributed reserves. Of the approximately 208 (net) drilling locations identified herein, 54are proved locations; 29 are probable locations; and the remaining are unbooked locations. Unbooked locations have been identified by Management as an estimation of potential multi-year drilling activities based on evaluation of applicable geologic,seismic, engineering, production and reserves information. There is no certainty that the Company will drill all unbooked drilling locations, and if drilled there is no certainty that such locations will result in additional oil and gas reserves or production.The locations on which the Company will drill wells will ultimately depend upon the availability of capital, regulatory approvals, crude oil and natural gas prices, costs, actual drilling results, additional reservoir information that can be obtained and otherfactors. While certain of the unbooked drilling locations have been de-risked by drilling existing wells in relative close proximity to such unbooked drilling locations, other unbooked drilling locations are farther away from existing wells whereManagement has less information about the characteristics of the reservoir, and therefore there is more uncertainty whether wells will be drilled in such locations; and if drilled there is more uncertainty that such wells will result in additional oil and gasreserves or production.

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Advisories Non-GAAP Measures

This presentation may contain terms commonly used in the oil and natural gas industry, such as funds flow from operations, working capital, and operating netback. These terms do not have a standardized meaning under International FinancialReporting Standards (“IFRS”) and may not be comparable to similar measures presented by other companies. Shareholders and investors are cautioned that these measures should not be construed as alternatives to cash provided by operating activities,net income, or other measures of financial performance as determined in accordance with GAAP. Management uses these non-GAAP measures for its own performance measurement and to provide stakeholders with measures to compare theCompany’s operations over time.

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