Timberline Resources Announces Private Placement Offering of Common Stock

COEUR D'ALENE, IDAHO--(Marketwired - May 11, 2016) - Timberline Resources Corporation (OTCQB:TLRS)(TSX VENTURE:TBR) ("Timberline" or the "Company") announced today that it has initiated a $500,000 private placement offering of Units of the Company at a price of $0.15 per Unit solely to persons who qualify as accredited investors (the "Offering") under Rule 506(c) of Regulation D promulgated by the SEC under the Securities Act of 1933, as amended (the "Securities Act"). Each Unit will consist of one share of common stock of the Company and one common share purchase warrant (each a "Warrant"), with each Warrant exercisable to acquire an additional share of common stock of the Company at a price of $0.25 per share for a period of 3 years.

The Company intends to use the net proceeds of the Offering for working capital, costs associated with claim maintenance, and other exploration expenses.

The securities offered in the Offering have not been and will not be registered under the Securities Act or the securities laws of any state of the United States and may not be offered or sold in the United States absent such registration or an applicable exemption from such registration requirements. Additional details of the offering, including the Company's Corporate Presentation, are available for viewing by accredited investors at www.timberline-resources.com. Also, for additional information on the company and to request documents for the offering, please visit http://issuer.direct/projects/timberline-resources/.

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities nor shall there be any sale of the securities referenced herein in any state or other jurisdiction in which such offer, solicitation or sale is not permitted. The securities referenced herein have not been approved or disapproved by any regulatory authority.

About Timberline Resources

Timberline Resources Corporation 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. Exploration potential occurs within three separate structural-stratigraphic trends defined by distinct geochemical gold anomalies. Timberline also owns the Seven Troughs property in northern Nevada, known to be one of the state's highest grade, former producers.