Mr. Kiran Patankar reports

TIMBERLINE RESOURCES ANNOUNCES NEW BOARD APPOINTMENT

Following his appointment as Timberline Resources Corp.'s president and chief executive officer, Kiran Patankar has been added to the company's board of directors.

Mr. Patankar is a mining professional with over 10 years of international work experience in investment banking, operations management, geology and engineering. Prior to joining the company in January, 2015, he spent seven years in the Canadian investment banking industry, where he focused on advising clients ranging from junior growth companies to senior mining companies on capital raising and mergers and acquisitions. He was recently managing director, mining investment banking, of Mackie Research Capital Corp. from January, 2012, until December, 2014. Prior to that, he was vice-president, metals and mining investment banking, at Macquarie Capital Markets Canada Ltd. from August, 2007, until December, 2011. Between 2000 and 2006, he worked in the mining industry for four years as a geologist and engineer and in the construction materials industry for two years in operational and business development roles. Mr. Patankar holds a BS in geological engineering from the Colorado School of Mines and an MBA from the Yale School of Management.

Mr. Patankar will not receive any additional compensation to serve on the company's board of directors. His compensation will remain as previously disclosed, pursuant to his appointment as president and chief executive officer of the company.

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