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Timberline Resources
Corporation Approved for Listing on the American Stock Exchange
May 1, 2008 – Coeur d’Alene – Timberline Resources Corporation
("Timberline") announced today that its common shares
have been approved for listing on the American Stock Exchange (AMEX) and
are tentatively scheduled to commence trading at the opening of the market
on Monday, May 12, 2008 under the symbol “TLR.” This
approval is contingent upon the Company being in compliance with all
applicable listing requirements on the date it begins trading and may be
rescinded if the Company is not in compliance with such requirements.
Timberline CEO Randal Hardy stated, “We are very pleased to announce
our listing on the American Stock Exchange. We believe that our unique
combination of mining services and exploration has us well-positioned to
capitalize on current market conditions. We also believe that our AMEX
listing is an important step toward elevating our market profile and
gaining exposure as we advance our ambitious business plan.”
For a
brief corporate presentation and other information on Timberline, please
visit the company website at http://www.timberline-resources.com/.
Timberline Resources Corporation has taken the complementary businesses of
mining services and mineral exploration and combined them into a unique,
forward-thinking investment vehicle that provides investors exposure to
both the “picks and shovels” and “blue sky” aspects
of the mining industry.
Timberline has contract drilling subsidiaries in the western United States and Mexico and an exploration
division focused on high-potential, district-scale gold projects. With
its anticipated acquisition of a premier American underground mine
contractor, Small Mine Development, Timberline will strengthen its position
as an emerging, vertically-integrated resource company. Until its
expected move to the AMEX on May 12, Timberline will continue trading on
the OTC Bulletin Board under the symbol “TBLC”.
Statements contained herein that are not based upon current or historical
fact are forward-looking in nature. Such forward-looking statements reflect
the Company's expectations about its future operating results, performance
and opportunities that involve substantial risks and uncertainties. When
used herein, the words "anticipate," "believe,"
"estimate," "plan," "intend" and
"expect" and similar expressions, as they relate to Timberline
Resources Corporation, or its management, are intended to identify such
forward-looking statements. These forward-looking statements are based on
information currently available to the Company and are subject to a number
of risks, uncertainties, and other factors that could cause the Company's
actual results, performance, prospects, and opportunities to differ
materially from those expressed in, or implied by, these forward-looking
statements. Factors that could cause or contribute to such differences
include, but are not limited to, such factors, including risk factors,
discussed in the Company's Annual Report on Form 10-KSB for the year ended
September 30, 2007. Except as required by the Federal Securities law, the
Company does not undertake any obligation to release publicly any revisions
to any forward-looking statements.
John Swallow, Chairman
Phone: 208.664.4859
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