Mr. John Swallow of New Jersey Mining reports

NEW JERSEY MINING COMPANY COMPLETES PURCHASE OF 50-PERCENT INTEREST IN BUTTE HIGHLANDS GOLD PROJECT

New Jersey Mining Company has completed its purchase of a 50-per-cent interest in Butte Highlands Joint Venture LLC, owner of the fully permitted, high-grade, underground Butte Highlands gold project south of Butte, Mont., from Timberline Resources Corp.

NJMC's interest in Butte Highlands is "carried to production" by the joint venture partner, Montana State Gold Company LLC, which is financing all mine development costs through to commercial production with NJMC's share of those costs to be repaid from proceeds of future mine production. More than $30-million has been invested at Butte Highlands to date by MSGC and prior financing partner, Highland Mining LLC. See the NJMC press release dated Jan. 26, 2016, for more details.

NJMC has made payments to Timberline Resources Corp. totalling $225,000 and three million shares of its common stock to complete the purchase.

NJMC president John Swallow stated: "We look forward to working with MSGC to advance the Butte Highlands project toward gold production. While we are not the project operator, we believe the skills and experience of our team can have a positive impact on the project. Butte Highlands is a natural fit for NJMC and we are very pleased to finalize this purchase."

We seek Safe Harbor.