Touchstone Exploration Inc.

09:45 AM EST - Touchstone Exploration Inc. : Has placed 22,500,000 new common shares of no par value with institutional investors in the United Kingdom at a price of 40 pence per Placing Share (approximately C$0.68), raising gross proceeds of approximately US$11.6 million (£9.0 million). The Placing Price represents a 10.1 percent and 3.5 percent discount to 44.47 pence and 41.46 pence, being the five and 10-day volume weighted average price of the Company's common shares on the AIM market of the London Stock Exchange as of February 18, respectively. Touchstone Exploration Inc. shares T.TXP are trading down $0.02 at $0.75.