Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers.

On January 7, 2021, pursuant to the Company's bylaws, the Company's Board of Directors appointed Mr. Patrick Highsmith as a director of the Company, retroactive to January 1, 2021. Mr. Highsmith currently serves as the Company's President and Chief Executive Officer.

Mr. Highsmith is not related by blood or marriage to any of the Company's directors or executive officers or any persons nominated by the Company to become directors or executive officers.

Item 7.01 Regulation FD Disclosure.

On January 7, 2021, the Company issued a press release entitled "Timberline Drills More Oxide and High-Grade Gold at Eureka Project, Nevada; Appoints New Director".

A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.

In accordance with General Instruction B.2 of Form 8-K, the information set forth herein and in the press release attached hereto is deemed to be "furnished" and shall not be deemed to be "filed" for purposes of the Securities Exchange Act of 1934, as amended. The information set forth in Item 7.01 of this Current Report on Form 8-K shall not be deemed an admission as to the materiality of any information in this Current Report on Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.

Item 9.01 Financial Statements and Exhibits.



(d)  Exhibits



Exhibit No. Description

99.1 Press Release of Timberline Resources Corporation dated January 7, 2021 *

*The foregoing exhibit relating to Item 7.01 is intended to be furnished to, not filed with, the SEC pursuant to Regulation FD.

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