Timberline Issues Shares for Talapoosa Option Payment

COEUR D'ALENE, IDAHO--(Marketwired - April 13, 2017) - Timberline Resources Corporation (OTCQB:TLRS)(TSX VENTURE:TBR) ("Timberline" or the "Company") announced that it has received approval from the TSX Venture Exchange and issued one million common shares to American Gold Capital US Inc. ("AGC"), a subsidiary of Gunpoint Exploration Ltd., in satisfaction of the Company's share portion of the option payment for its Talapoosa gold project in Lyon County, Nevada. The stock payment was made pursuant to the terms of the amended option agreement which permits the Company to acquire 100% of the Talapoosa gold project (the "Amended Option Agreement").