Mr. Patrick Highsmith reports

TIMBERLINE ANNOUNCES RESULTS FROM ANNUAL GENERAL MEETING OF STOCKHOLDERS

Timberline Resources Corp. has released results of its 2023 annual general meeting of shareholders held on June 29, 2023, in Coeur d'Alene, Idaho. Proxies were solicited under the proxy statement filed with the United States Securities and Exchange Commission on May 16, 2023.

The issued and outstanding shares at May 1, 2023, the date of record, totalled 159,676,152 shares. The shares voted at the meeting totalled 64,224,133, or 40.22 per cent. The company received approval for all proposals submitted to shareholders (see an attached table).

Proposal No. 4 was approved with a recommendation for a frequency of three years for advisory votes on executive compensation.

About Timberline Resources Corp.

Timberline Resources is a Nevada-based exploration company, with its flagship gold-silver property in the Eureka district. The Eureka property includes the historical Lookout Mountain and Windfall mines in a total property position of approximately 27 square miles (70 square kilometres).

Near the northern end of the Battle Mountain-Eureka trend, the company also jointly holds the Paiute project with Nevada Gold Mines. Timberline also controls the Seven Troughs project in northern Nevada, which is one of the state's highest-grade former gold producers.

In total, Timberline controls over 43 square miles (111 square kilometres) of mineral rights in Nevada.

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