Mr. Steven Osterberg reports

TIMBERLINE RESOURCES ANNOUNCES VOLUNTARY DELISTING FROM NYSE MKT

Timberline Resources Corp. intends to file a Form 25 (notification of removal from listing and/or registration under Section 12 (b) of the Securities Exchange Act of 1934) with the U.S. Securities and Exchange Commission to voluntarily withdraw its common shares from listing on the NYSE MKT. Timberline expects to file the Form 25 on Feb. 5, 2016, and expects the delisting to be effective approximately 10 days after the filing of the Form 25.

The voluntary delisting is part of Timberline's continuing emphasis on cost control and cash conservation. It is intended to simplify the company's administrative requirements and to reduce listing fees and legal and administrative costs associated with the listing of the common shares on two different stock exchanges. In addition, Timberline considered the fact that the company's financial condition is not in compliance with the continued listing requirements of the NYSE MKT and that the company had received a warning from the exchange regarding its low share price. Potential resolutions may have required the company to undertake certain corporate or other actions primarily to meet such requirements, which may not be in the best interests of Timberline or its shareholders. Therefore, Timberline's board of directors determined that the costs and compliance obligations of maintaining a listing of the company's common shares on the NYSE MKT outweigh the benefits to Timberline and its shareholders at this time and has voted to withdraw the company's shares from listing on the exchange.

Timberline expects that its common shares will continue to trade on the TSX Venture Exchange under symbol TBR and that its shares will be qualified for trading on the OTCQB Venture Marketplace with trading on the OTCQB commencing on Feb. 16, 2016, which is the day following the effective date of the delisting from the NYSE MKT. Timberline has complied with all applicable state and federal securities laws in connection with the delisting and is expected to continue to file reports with Canadian securities regulators on SEDAR and with the SEC on EDGAR following the voluntary delisting.

Steven Osterberg, PhD, PG, Timberline's president and chief executive officer, is a qualified person as defined by National Instrument 43-101, and has reviewed and approved disclosure of the technical contents of this news release.

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