EARLY WARNING REPORT ISSUED PURSUANT TO NATIONAL INSTRUMENT 62-103 IN CONNECTION WITH THE ACQUISITION OF COMMON SHARES OF TOUCHSTONE EXPLORATION INC.

Executive Summary

• Purebond Limited filed an early‑warning report under NI 62‑103 after subscribing for 50 million Touchstone Exploration common shares in a private placement.
• The purchase price was £0.11 per share (≈ C$0.2052), totaling £5.5 million (≈ C$10.26 million).
• Post‑closing, Purebond holds ~15.4% of Touchstone’s non‑diluted common shares and obtained the right to appoint one non‑executive director while its stake remains ≥15%.

Key Details

• Transaction: Subscription for 50,000,000 Touchstone Exploration Inc. common shares.
• Price per Share: £0.11 (≈ C$0.2052).
• Total Consideration: £5,500,000 (≈ C$10,260,000).
• Closing Date: October 24, 2025.
• Ownership Post‑Transaction: 50,000,000 shares ≈ 15.4% of Touchstone’s issued and outstanding common shares on a non‑diluted basis.
• Board Rights: Purebond secured the right to appoint one nominated non‑executive director to Touchstone’s Board while its ownership stays at or above 15%.
• Purpose: Investment; Purebond may acquire additional securities or dispose of holdings in the future, subject to market and other conditions.
• Investor Rights Agreement: Executed between Purebond and Touchstone, conferring the board appointment right.
• Access to Report: Early‑warning report available at www.sedarplus.ca or by contacting Purebond (+1 750‑4405).

Notable Quotes

(No direct quotes were provided in the release.)