Timberline Resources Corporation appointed Steven A. Osterberg as the Company's President and Chief Executive Officer with an effective date of January 21, 2016. Mr. Osterberg will succeed Kiran Patankar as of the effective date. Mr. Osterberg was also appointed to the Company's Board of Directors effective on January 21, 2016.

Mr. Osterberg's 25 years of mining industry experience includes small, mid-sized, and major mining companies, and mining engineering consulting firms. He has served the past 4 years as Timberline's Vice President of Exploration where he managed technical services of the Company. Prior to joining Timberline, Mr. Osterberg worked as a mining consultant at Tetra Tech and Knight Piesold, and within the discovery group of BHP Minerals. He earned his Ph.D. and M.S. degrees in geology from the University of Minnesota and his B.S. from the University of Wisconsin-Oshkosh.