COEUR D'ALENE, Idaho, May 1, 2008 (PRIME NEWSWIRE) -- Timberline Resources Corporation ("Timberline") (OTCBB:TBLC) announced today that its common shares have been approved for listing on the American Stock Exchange (AMEX) and are tentatively scheduled to commence trading at the opening of the market on Monday, May 12, 2008 under the symbol "TLR." This approval is contingent upon the Company being in compliance with all applicable listing requirements on the date it begins trading and may be rescinded if the Company is not in compliance with such requirements.
Timberline CEO Randal Hardy stated, "We are very pleased to announce our listing on the American Stock Exchange. We believe that our unique combination of mining services and exploration has us well-positioned to capitalize on current market conditions. We also believe that our AMEX listing is an important step toward elevating our market profile and gaining exposure as we advance our ambitious business plan."
For a brief corporate presentation and other information on Timberline, please visit the company website at http://www.timberline-resources.com/.
Timberline Resources Corporation has taken the complementary businesses of mining services and mineral exploration and combined them into a unique, forward-thinking investment vehicle that provides investors exposure to both the "picks and shovels" and "blue sky" aspects of the mining industry.
Timberline has contract drilling subsidiaries in the western United States and Mexico and an exploration division focused on high-potential, district-scale gold projects. With its anticipated acquisition of a premier American underground mine contractor, Small Mine Development, Timberline will strengthen its position as an emerging, vertically-integrated resource company. Until its expected move to the AMEX on May 12, Timberline will continue trading 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 for the year ended September 30, 2007. 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.