Mr. Steven Osterberg reports

TIMBERLINE RESOURCES ADDS FINANCE AND DEVELOPMENT EXPERTISE TO THE BOARD OF DIRECTORS

Timberline Resources Corp. has added Giulio T. Bonifacio, CPA, CGA, and Paul H. Zink to the company's board of directors.

Mr. Bonifacio has over 30 years in senior executive positions in the mining industry. Mr. Bonifacio is the founder, president and chief executive officer of Nevada Copper Corp., which advanced the Pumpkin Hollow copper project from the exploration stage and now ranks as the largest fully permitted, shovel-ready copper project in the Americas. Among his many accomplishments, Mr. Bonifacio has been instrumental in arranging over $400-million of capital financing to projects of merit while being involved with and having a very good understanding of every stage of development from exploration to production. Mr. Bonifacio is a chartered professional accountant with extensive experience and knowledge in areas of capital markets, project finance, securities matters, and mergers and acquisitions. Mr. Bonifacio has held senior executive roles primarily in the precious metal sector with Getty Resources Ltd., Total SA and Vengold Inc., and he is a director of Goldrock Mines Corp., which is currently being acquired by Fortuna Sliver Mines Inc.

Mr. Zink has over 35 years as a natural resource professional. In his most recent experience as senior vice-president and chief financial officer at Rare Element Resources Ltd., where he remains a consultant, he managed the financial, investor relations and business development functions for the company, including successful financing in the recent difficult financial markets environment. His previous experience includes senior management positions at International Royalty Corp. (IRC), Americas Bullion Royalty Corp. (AMB) and Eurasian Capital, the royalty and merchant banking division of Eurasian Minerals Inc. Over his career in mining, he has also held high-level positions with companies like Pegasus Gold Inc. and Koch Industries, with responsibilities including corporate development, credit, and mergers and acquisitions. Early in his career, he spent more than 15 years with JP Morgan & Co. in commercial and investment banking roles covering the minerals and energy sectors. Mr. Zink has also previously served on the boards of directors of Atna Resources Ltd., AMB, REE, and IRC.

"We are excited to add Giulio and Paul to our Timberline team. Their proven financial and market expertise will be instrumental in developing Talapoosa and our other Nevada gold projects," stated Leigh Freeman, chairman of Timberline's board of directors.

In connection with their appointments to the board, Mr. Bonifacio will receive 600,000 options, and Mr. Zink will receive 200,000 options to acquire common shares of Timberline. The company also announces that it has granted a total of 950,000 options to acquire common shares of the company to an officer, other directors and a consultant to the company, pursuant to its 2015 stock and incentive plan. All of these options have an exercise price equal to the fair market value of the stock at the time of the grant of 40 U.S. cents per share, vest immediately, and have a term of five years.

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