Timberline Announces Its Initial NI 43-101 Compliant Gold Resource at Lookout Mountain

Timberline Resources Corporation TLR today reported an initial National Instrument 43-101 compliant gold resource estimate at its Lookout Mountain Gold Project within the Company's South Eureka Property, which lies along the Battle Mountain - Eureka Trend of central Nevada. Timberline's resource estimate at Lookout Mountain, which was prepared by Mine Development Associates of Reno, Nevada, consists of 286,000 ounces of gold in the Measured & Indicated Resource categories and 206,000 ounces of gold in the Inferred Resource category, utilizing a cut-off grade of 0.006 ounces of gold per ton (opt) (0.21 grams per metric tonne (g/t)) for oxide material and 0.030 opt (1.03 g/t) for sulfide material. The resource is comprised of approximately 80-percent oxide material and 20-percent sulfide material. The complete technical report of MDA will be filed on SEDAR within 45 days.