On February 19, 2021, Mr. David C. Matthewson, Mr. Steven A. Osterberg and Mr. Paul Dircksen notified the Board of Directors of Timberline Resources Corp. (the ‘Company’) that they would not stand for re-election to the Board at the Company’s upcoming meeting of the stockholders. None of Mr. David C. Matthewson, Mr. Steven A. Osterberg and Mr. Paul Dircksen resignations was the result of any disagreement with the Company or its management regarding any matter relating to the Company’s operations, policies or practices.