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Timberline Intercepts Additional High-Grade Gold At Butte Highlands

The results from the first two holes in the Butte Highlands exploration drill program were reported earlier in the Company's press release dated September 22, 2010 and included drill hole number BHDDH10-01 which contained no significant mineralization, and drill hole number BHDDH10-02 which had a mineralized interval of 4.4 feet grading 0.77 opt (1.3 metres of 26.4 g/t) gold.

Exploration drill holes numbered BHDDH10-03 thru BHDDH10-06 were drilled to the east of the current mineralization, and although they did not return potentially economic grades, they did return several intervals of gold mineralization. These results will assist in planning of future exploration in the area. The material results in these holes are as follows:

Hole ID Interval Gold Grade
BHDDH10-03 1.4 feet (0.4 metres) 0.19 opt (6.5 g/t)
BHDDH10-04 0.7 feet (0.2 metres) 0.18 opt (6.2 g/t)

Timberline's Executive Chairman, Paul Dircksen, stated, "We are extremely pleased with these drill results. The impressive gold grades in drill hole number BHDDH10-07 and the nearby high-grade intervals demonstrate the grade continuity of one of the high-grade portions of the Butte Highlands deposit. We are confident that our final in-fill drilling will continue to enhance the economics of the project."

Paul Dircksen is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this release. He has verified the drill results and other data disclosed in this news release, including sampling, analytical and test data. Field work has been conducted under his supervision.  The Timberline sampling and analysis program included an industry standard QA/QC program. After core logging and cutting the sample intervals in half, the samples were shipped to ALS Chemex Laboratories in Elko, Nevada for preparation. The prepared pulps were then forwarded by ALS Chemex to their lab in Sparks, Nevada or their lab in Vancouver, BC Canada for analysis. The samples were analyzed for gold using a standard 30g fire assasy with an AA finish. Samples returning a gold value in excess of 10 ppm were re-anlayzed using a 30g fire assay with a gravimetric finish.

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