Touchstone Resources USA, Inc. (OTCBB:TSNU) today announced that it has effected its name change from Touchstone Resources USA, Inc. to Cygnus Oil and Gas Corporation. The name change was previously approved by the Company's stockholders at its annual meeting on May 23, 2006. In connection with the Company's name change, the Company's common stock ticker symbol on the Nasdaq OTC Bulletin Board is changing from "TSNU.OB" to "CYNS.OB" commencing with the opening of trading on June 9, 2006. There is no need for stockholders to take any action as a result of the Company's name change. Roger Abel, Chairman and Chief Executive of the Company, stated "With so many changes for the Company since last year - new projects, new board, new management - a name change will focus everyone on the tasks ahead. With a constellation as our inspiration in naming the company, we will strive to stand apart from the many other exploration and production companies." ABOUT CYGNUS OIL AND GAS Headquartered in Houston, Texas, Cygnus Oil and Gas Corporation. is an oil and gas exploration and production company. Primarily a resource player, its key assets consist of shale acreage in Woodruff County, Arkansas and McIntosh County, Oklahoma, and it also owns a variety of producing and non-producing oil and gas assets in Texas, Alabama, Louisiana, Mississippi, and New Zealand. Since August 2005, the Company has made significant changes in its management, Board of Directors and the nature of oil and gas assets it acquires to better equip itself for future company growth. FORWARD-LOOKING STATEMENTS This news release contains forward-looking statements, including, in particular, statements about Cygnus's plans and intentions. These have been based on the Company's current assumptions, expectations and projections about future events. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, the Company can give no assurance that the expectations will prove to be correct.
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