COEUR D'ALENE, Idaho, July 12, 2007 (PRIME NEWSWIRE) -- Timberline Resources Corporation ("Timberline") (OTCBB:TBLC) announced today that it has applied to have its common stock listed on the American Stock Exchange ("AMEX"). The application for an AMEX listing is intended to enhance Timberline's market visibility and to improve liquidity for its shareholders. The application process is expected to take 8 to 10 weeks to complete, during which time Timberline common stock will continue to trade on the OTC Bulletin Board under the symbol "TBLC."
Timberline Chairman & CEO John Swallow stated, "Our application for an AMEX listing delivers on the commitment we made to our shareholders when adopting our 'revenue-backed exploration' business model last year and provides another significant milestone for our rapidly-growing company."
Timberline Resources Corporation is a unique, growth-oriented company that combines positive cash flow from its ownership of Kettle Drilling, Inc. with "blue sky" upside from its mineral exploration division. Timberline common stock is quoted 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, as amended, for the year ended September 30, 2006. 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 to reflect.