TIMBERLINE RESOURCES CORPORATION AND SUBSIDIARIES (AN EXPLORATION STAGE COMPANY) CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $)	2 Months Ended	3 Months Ended
	Dec. 31, 2011	Dec. 31, 2011	Dec. 31, 2010
REVENUES	$ 0	$ 0	$ 0
COST OF REVENUES	0	0	0
GROSS PROFIT	0	0	0
OPERATING EXPENSES:
Mineral exploration expenses	649,620	1,055,560	1,493,239
Salaries and benefits	115,880	166,192	280,951
Professional fees expense	115,305	149,269	94,253
Insurance expense	21,320	23,059	15,528
Other general and administrative expenses	168,446	223,671	298,760
TOTAL OPERATING EXPENSES	1,070,571	1,617,751	2,182,731
LOSS FROM OPERATIONS	(1,070,571)	(1,617,751)	(2,182,731)
OTHER INCOME (EXPENSE):
Foreign exchange gain (loss)	704	116	4,790
Interest income	21,347	21,470	1,913
Related party interest expense	(29,608)	(71,274)	(131,818)
TOTAL OTHER INCOME (EXPENSE)	(7,557)	(49,688)	(125,115)
NET LOSS BEFORE INCOME TAXES	(1,078,128)	(1,667,439)	(2,307,846)
INCOME TAX BENEFIT			457,198
NET LOSS FROM CONTINUING OPERATIONS	(1,078,128)	(1,667,439)	(1,850,648)
DISCONTINUED OPERATIONS:
Income (loss), net of tax		484,642	(152,839)
Gain on disposal, net of tax		1,636,938
TOTAL INCOME (LOSS) FROM DISCONTINUED OPERATIONS		2,121,580	(152,839)
NET INCOME (LOSS)	(1,078,128)	454,141	(2,003,487)
OTHER COMPREHENSIVE INCOME:
Unrealized gain on available-for-sale equity security	59,600	59,600	59,600
COMPREHENSIVE INCOME (LOSS)	$ (1,018,528)	$ 513,741	$ (1,943,887)
NET INCOME (LOSS) PER SHARE AVAILABLE TO COMMON STOCKHOLDERS, BASIC AND DILUTED:
CONTINUING OPERATIONS		$ (0.03)	$ (0.04)
DISCONTINUED OPERATIONS		$ 0.04	$ 0.00
NET INCOME (LOSS)		$ 0.01	$ (0.04)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED		61,190,178	55,759,611