COEUR D’ALENE, IDAHO–(Marketwired – April 3, 2017) – Timberline Resources Corporation (OTCQB:TLRS)(TSX VENTURE:TBR) (“Timberline” or the “Company”) announced today that on March 31, 2017 it paid the US$1 million cash payment to American Gold Capital US Inc. (“AGC”), a subsidiary of Gunpoint Exploration Ltd., in satisfaction of the cash option payment for its Talapoosa gold project in Lyon County, Nevada. The Company will also issue one million shares of the Company’s common stock to AGC pending approval by the TSX-V. The cash and stock payments are made pursuant to the terms of the amended option agreement which permits the Company to acquire 100% of the Talapoosa gold project (the “Amended Option Agreement”).
