Mr. Paul Dircksen reports

TIMBERLINE RESOURCES RECEIVES NYSE MKT COMPLIANCE LETTER

Timberline Resources Corp. has received a letter from the NYSE MKT advising the company that Timberline has regained compliance with the NYSE MKT continued listing standards. Specifically, the company has regained compliance with respect to sections 1003(a)(iv) and 1003(f)(v) of the NYSE MKT Company Guide referenced in letters from the exchange dated Feb. 6, 2014, and May 19, 2014. The company remains subject to normal continued listing monitoring by the exchange.

The company's recent acquisition of Wolfpack Gold (Nevada) Inc., which included cash and exploration properties, and the recently implemented reverse stock split were integral to regaining compliance with the exchange's continued listing standards.

Paul Dircksen, Timberline's president and chief executive officer, remarked: "We believe our listing on the NYSE MKT provides value to our shareholders and potential investors, and we are pleased that the exchange has recognized our success in regaining compliance with their continued listing standards. We are focused on providing positive results from exploration on our properties, and we intend to remain in compliance with the NYSE MKT continued listing standards."

The company also announced that the Montana Department of Environmental Quality is on schedule with its work on the final environmental impact statement at the Butte Highlands gold project, where the company and its joint venture partner are progressing toward receipt of the final hard rock operating permit. In fact, the MDEQ has revised the expected completion date, as reported in the company's news release on Oct. 20, 2014, for the release and publication of the final EIS from Dec. 22, 2014, to Dec. 18, 2014.

We seek Safe Harbor.