The TSX Venture Exchange has accepted for filing documentation in connection with an arrangement agreement dated May 6, 2014, between Timberline Resources Corp. and Wolfpack Gold Corp. (Wolfpack -- now Encore Energy Corp). Pursuant to the plan of arrangement, Timberline acquired all of the outstanding shares of Wolfpack Gold (Nevada) Corp., a wholly owned subsidiary of Wolfpack, and issued 42,932,063 common shares to Wolfpack for pro rata distribution to its shareholders. Each Wolfpack shareholder of record on Aug. 15, 2014, will receive 0.75 of a Timberline share for each share of Wolfpack held at closing.

The exchange has been advised that approval of the plan of arrangement by shareholders of Timberline was received at an annual and special meeting of the shareholders held on Aug. 5, 2014, and that approval of the plan of arrangement was received from the Supreme Court of British Columbia on Aug. 7, 2014. The full particulars of the plan of arrangement are set forth in Timberline's proxy statement dated July 8, 2014, which is available under Timberline's profile on SEDAR.

The plan of arrangement became effective on Aug. 15, 2014.