Mr. Kiran Patankar reports

TIMBERLINE ANNOUNCES FIRST QUARTER 2015 FINANCIAL RESULTS

Timberline Resources Corp. has released consolidated financial results for its first quarter fiscal year 2015, ended Dec. 31, 2014. A summary of selected financial results is presented in the attached table. (All amounts referred to herein are in U.S. dollars unless otherwise indicated.)

                SUMMARY OF SELECTED FINANCIAL RESULTS
                 ($000s, except earnings per share)  
                                                              Quarter ended 
                                                                 Dec. 31, 
                                                            2014       2013 

Consolidated net income (loss)                         $    (689) $    (509)
Consolidated net income (loss) per share, basic and                         
diluted                                                    (0.07)     (0.08)
Mineral exploration expenses                                 242        164 

Timberline reported a consolidated net loss of $689,000 for the quarter ended Dec. 31, 2014, including exploration expenditures of $242,000. The company's exploration expenditures during the quarter were primarily related to permitting and drilling activities, including an archeological study at the company's Eureka property in Nevada. Drilling of higher-grade, deeper targets within a recently identified new gold zone at Lookout Mountain, along with infill drilling at Windfall, is expected to continue at Eureka in 2015, along with continued metallurgical testing. Results are expected to support the company's future advancement of Eureka. Limited exploration expenditures were related to geologic fieldwork at the Seven Troughs gold project in Nevada.

Timberline's president and chief executive officer, Kiran Patankar, said: "We continue to prudently plan and execute exploration programs designed to upgrade and increase the company's overall gold resources. Our continued focus on advancing exploration at our district-scale Eureka property in Nevada has recently resulted in the recognition of a new higher-grade zone of gold mineralization, which represents a potential feeder system to our existing near-surface resources. We are also encouraged by the recent permitting milestones achieved by the Butte Highlands joint venture. Our team will continue to monitor and assess other potential opportunities to enhance shareholder value with projects that fit our business model."

We seek Safe Harbor.