TIMBERLINE RESOURCES - TLRS STOCK NEWS

Timberline Resources (OTCQB:TLRS)(TSX-V:TBR) has announced that its stockholders have overwhelmingly approved the merger with McEwen Mining Inc. The special meeting saw more than 99.98% of the shares voted in favor of adopting the merger agreement, representing approximately 62.50% of Timberline's outstanding common stock. The final voting results will be reported on a Form 8-K to be filed with the SEC. The transaction is expected to close around August 19, 2024. This merger marks a significant development for Timberline, potentially creating a stronger entity in the mining sector.

Timberline Resources (OTCQB:TLRS)(TSXV:TBR) has announced the publication of its proxy statement for a special meeting of stockholders to approve the previously announced merger with McEwen Mining. The meeting is scheduled for August 16, 2024 at 9:00am Mountain Time in Denver, CO. The record date for determining eligible voters is set as July 8, 2024. Proxy materials will be distributed to stockholders around July 19, 2024. Subject to stockholder approval, Timberline anticipates the merger transaction to close in August 2024.

Timberline Resources (TLRS) announces its acquisition by McEwen Mining Inc. at a significant premium. McEwen will acquire all outstanding Timberline shares not already owned, offering a 132% premium to Timberline shareholders. The transaction values Timberline at approximately US$19.4 million, with benefits including ownership in a gold-silver-copper producer, exposure to a diverse growth-oriented platform, and potential synergies between assets. The merger is expected to close in the third quarter of 2024.

Timberline Resources Corporation (TLRS) Closes Non-Brokered Private Placement Offering, Raises US$630,000 for Exploration and Permitting

Timberline Resources Corporation (OTCQB:TLRS)(TSX-V:TBR) Increases Size of Non-Brokered Private Placement of Units

Timberline Resources Corporation (TLRS) Announces Non-Brokered Private Placement Offering for Gross Proceeds of up to US$600,000

Timberline Resources Corporation (OTCQB:TLRS)(TSXV:TBR) reports an updated mineral resource estimate (MRE) for the Lookout Mountain gold deposit at its 100%-controlled Eureka Project in Nevada. The new resource estimate is potentially amenable to open pit mining methods and has been constrained by optimized pits using a gold price of US$1,800/oz, among other inputs. The MRE Technical Report recommends infill drilling, resource-expansion drilling, further metallurgical testing, and a preliminary economic analysis. Encouraging higher-grade drill results and observations of open resources suggest growth opportunities in and around the Lookout Mountain Resource.

Timberline Resources Corporation closes first tranche of non-brokered private placement offering, raising US$728,500. Jupiter Gold & Silver Fund and Crescat Capital lead the offering. Proceeds will be used for exploration and general corporate purposes.