INCOME TAXES (Tables)

12 Months Ended

Sep. 30, 2022

INCOME TAXES

Schedule of Deferred Tax Asset

Timberline Resources Corp.	2022			2021
Net deferred tax assets:
Exploration costs	$	127,000		$	130,000
Investments in subsidiaries		184,000			184,000
Share-based compensation		362,000			350,000
Federal and state net operating loss carryforwards		12,163,000			11,752,000
Foreign net operating loss carryforwards		1,803,000			1,803,000
Total deferred tax asset		14,639,000			14,219,000
Valuation allowance		(14,639,000	)		(14,219,000	)
Net deferred tax asset	$	-		$	-
BH Minerals USA, Inc.
Net deferred tax assets (liabilities):
Property, mineral rights, and equipment	$	(2,260,000	)	$	(2,261,000	)
Exploration costs		255,000			296,000
Federal and state net operating loss carryforwards		5,353,000			4,425,000
Total deferred tax asset		3,348,000			2,460,000
Valuation allowance		(3,348,000	)		(2,460,000	)
Net deferred tax asset	$	-		$	-

Schedule of Federal Income Tax Rate

	2022			2021
Net Loss	$	(5,962,000	)	$	(4,708,000	)
Statutory Federal income tax rate		21.0	%		21.0	%
Expected income tax benefit based on statutory rate		(1,252,000	)		(989,000	)
Effect of state taxes		(61,000	)		(98,000	)
Effect of change in tax rates		-			(67,000	)
Change in valuation allowance		1,308,000			(346,000	)
Expiration of stock options in prior years		-			1,277,000
Prior year change in estimates		5,000			223,000
Income tax provision	$	-		$	-