Timberline Resources Corporation announces non-brokered private placement of 15,000,000 units for at an issue price of $0.04 per unit (approximately CAD 0.054 per unit) for gross proceeds of $600,000 (approximately CAD 810,000) on December 19, 2023. Each Unit will consist of one share of common stock of the Company and one common share purchase warrant, with each Warrant exercisable to acquire an additional share of common stock of the Company at a price of $0.06 per share for four years from the date of issuance. The company may pay finder's fee with respect to subscriptions for Units accepted by the Company.

The transaction may include participation from certain insiders. The securities to be issued pursuant to the Offering will be subject to a statutory hold period in accordance with applicable securities legislation.