COEUR D'ALENE, Idaho, July 17, 2007 (PRIME NEWSWIRE) -- Timberline Resources Corporation (OTCBB:TBLC) has retained Klepfer Mining Services LLC ("KMS") to assist with the advancement of some of its key exploration projects, including Conglomerate Mesa and Butte Highlands. KMS is a consortium of accomplished industry professionals that provides technical services, including engineering, environmental management, project management, and technical support, to the mining industry. Eric Klepfer, the principal of KMS, is also a Director of Timberline.
Timberline Chairman & CEO John Swallow stated, "Eric's involvement at Timberline provides us with a significant strategic advantage over other mineral exploration companies. As part of his involvement at Mines Management, he has demonstrated considerable expertise in advancing the Montanore deposit, which enjoys wide political support for development despite lying beneath a Wilderness Area. We believe that the unique skill set offered by Eric and his team at KMS will prove invaluable as we inevitably encounter permitting and other technical issues in California and Montana in the months ahead."
Timberline also announced today that it has purchased a new drill rig which will be dedicated to Timberline exploration projects. The hydraulic diamond drill rig is capable of achieving depths of 3,500 and 5,000 feet with HQ and NQ core, respectively. Personnel from Timberline's Kettle Drilling subsidiary will operate and manage the rig at significant cost-saving to Timberline relative to the expense of contracting other drillers.
Mr. Swallow commented, "While it has become increasingly common for exploration companies to purchase their own drill rigs, it remains uncommon, if not unprecedented, for such companies to have in-house drilling personnel and expertise on par with ours. This strategic arrangement with KMS and having a dedicated drill rig allows us access to a drill immediately following permitting approval and provides yet another example of the positive synergies inherent to our business plan."
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.