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Timberline Intercepts Additional High-Grade Gold At Butte Highlands

COEUR D'ALENE, Idaho, Oct. 29, 2010 (GLOBE NEWSWIRE) -- Timberline Resources Corporation (NYSE Amex:TLR) (TSX-V:TBR) ("Timberline" or the "Company") today announced final drill results for its 2010 surface exploration drill program at the Butte Highlands Joint Venture Property in Montana.

The seven hole drill program included three holes within the mineralized envelope currently under development, while four holes were drilled outside the envelope to test potential eastern extensions of the mineralized zone.

Drill hole BHDDH10-07 returned a significant intercept of 43.2 feet averaging 0.82 ounces per ton (opt) (13.2 metres at 28.1 grams per tonne (g/t)) gold including 2.2 feet grading 15.24 opt (0.7 metres of 521.9 g/t) gold.

This hole indicates a bonanza grade zone within the current mineralized area and could represent some of the initial production, which is expected to commence in Q3/Q4 2011. Additional drill holes within the zone demonstrate a strike distance of continuous bonanza gold grades of nearly 200 feet (61 metres) and include the following historical drill results:

Hole ID Interval Gold Grade Location
BH93-2 10.0 feet (3.0 metres) 7.88 opt (269.9 g/t) 40 feet (12.2 metres) east of BHDDH10-07
BH93-11 14.0 feet (4.3 metres) 0.78 opt (26.7 g/t) 42 feet (12.8 metres) east of BHDDH10-07
BH93-12 14.7 feet (4.5 metres) 0.77 opt (26.4 g/t) 45 feet (13.7 metres) west of BHDDH10-07
BH96-5 8.0 feet (2.4 metres) 0.98 opt (33.6 g/t) 152 feet (46.3 metres) west of BHDDH10-07

This zone will be in-fill drilled from underground drill stations during the Butte Highlands Joint Venture Definition Drill Program to commence during the final quarter of this year.

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