Eureka Gold Project Drilling Commences

EUREKA, NV - Timberline Resources Corporation has commenced the 2022 drill program at its 100%-controlled Eureka Project in Nevada. The 70km2 Eureka Project occupies a substantial portion of the Eureka Gold Belt, a northwest trending corridor of Carlin-type gold deposits hosted in Cambrian-Ordovician aged rocks. The northern end of the belt includes the giant gold deposits (7.7M oz of resources) at the Ruby Hill Archimedes complex, controlled by i80 Gold Corp. The Company has one reverse circulation (RC) and one core rig operating at the Water Well Zone (WWZ) target. The primary objective of this drill program is to follow-up the high-grade intercepts reported earlier this year and includes step-out and in-fill drilling. The fully-funded drill program will include at least 5,500 meters before the end of October. Of this, approximately 4,000m (13,000ft) of diamond core drilling will be by Big Sky Exploration, LLC and 1,500m (5,000ft) of RC drilling will be by HD Drilling, LLC.

In addition to the drilling, Timberline will continue its ongoing program of geologic mapping, and structural and 3D modeling of target zones. The Company recently completed a property-wide integration and interpretation of its huge soil geochemistry database.

Patrick Highsmith, President and CEO, said, "This is the most exciting drill program in recent memory for Timberline. We are following up on the excellent results from the Water Well Zone, where we have drilled thick intercepts of strong Carlin-type gold mineralization. We expanded the footprint of the zone to more than 400 meters from south to north - and it remains open in both those directions, as well as down dip to the east. We shall also test the extent of the recently-reported gold in drilling at the Oswego prospect. It is gratifying to see the Eureka Gold Belt taking shape as both i80 Gold Corp and Timberline drill significant new gold intercepts in the Cambrian and Ordovician rocks of the district."