Touchstone Private Placement to Be Brokered

Apr 10, 2001, 01:00 ET from Touchstone Resources Ltd.

    HOUSTON, April 10 /PRNewswire/ -- On April 9, 2001, Touchstone Resources
 Ltd. (CDNX: TUT.V) (the "Company") announced the private placement to raise up
 to $1,450,000 announced on March 19, 2001 and March 23, 2001 has been amended.
 Canaccord Capital Corporation, as the Company's agent, will assist the Company
 in the placement which will now consist of up to 644,444 Units at $2.25 per
 Unit.  Each Unit will consist of one share and one share purchase warrant.
 Each warrant will entitle the holder to purchase one additional share for one
 year from the date of issue at $2.40 per share.
     The Company will pay Canaccord Capital Corporation a commission of 10% and
 issue them up to 161,111 agent's warrants exercisable to purchase one share of
 the Company at $2.40 for one year from the date of issue.
     The private placement is subject to regulatory approval.
     For more information on the Company and any of the Company's projects,
 please visit its website at www.touchstonetexas.com.
 
     Contact:  David Daniels of Touchstone Resources Ltd., 713-784-1113, or
 fax, 713-785-8530, or ddaniels@touchstonetexas.com.
 
 

SOURCE Touchstone Resources Ltd.
    HOUSTON, April 10 /PRNewswire/ -- On April 9, 2001, Touchstone Resources
 Ltd. (CDNX: TUT.V) (the "Company") announced the private placement to raise up
 to $1,450,000 announced on March 19, 2001 and March 23, 2001 has been amended.
 Canaccord Capital Corporation, as the Company's agent, will assist the Company
 in the placement which will now consist of up to 644,444 Units at $2.25 per
 Unit.  Each Unit will consist of one share and one share purchase warrant.
 Each warrant will entitle the holder to purchase one additional share for one
 year from the date of issue at $2.40 per share.
     The Company will pay Canaccord Capital Corporation a commission of 10% and
 issue them up to 161,111 agent's warrants exercisable to purchase one share of
 the Company at $2.40 for one year from the date of issue.
     The private placement is subject to regulatory approval.
     For more information on the Company and any of the Company's projects,
 please visit its website at www.touchstonetexas.com.
 
     Contact:  David Daniels of Touchstone Resources Ltd., 713-784-1113, or
 fax, 713-785-8530, or ddaniels@touchstonetexas.com.
 
 SOURCE  Touchstone Resources Ltd.