Mr. Steven Osterberg reports

TIMBERLINE RESOURCES GRANTS STOCK OPTIONS

Timberline Resources Corp., pursuant to its stock option plan, has granted stock options to acquire up to an aggregate of 1.6 million common shares to directors and management of the company. The options vest immediately and are exercisable at a price of 17 U.S. cents per common share for a period of five years from the date of the grant.

About Timberline Resources Corp.

Timberline Resources is focused on advancing district-scale gold exploration and development projects in Nevada, including its Talapoosa project in Lyon county, where the company has completed and disclosed a positive preliminary economic assessment. Timberline also controls the 23-square-mile Eureka project lying on the Battle Mountain-Eureka gold trend. At Eureka, the company continues to advance its Lookout Mountain and Windfall project areas.

We seek Safe Harbor.