X0306 4 2019-10-29 0 0001288750 Timberline Resources Corp TLRS 0001692272 Matlack William Fuller C/O TIMBERLINE RESOURCES CORP. 101 EAST LAKESIDE AVENUE COEUR D'ALENE ID 83814 1 0 1 0 Stock Options 0.08 2019-10-29 4 A 0 404348 0 A 2019-10-29 2024-10-29 Common shares 404348 1807582 D Warrants may not be exercised, except within 61 days of expiration, if such exercise would cause holder to beneficially own or exercise control or direction over 9.99% or greater of the issued and outstanding voting shares of the issuer. Warrants may not be exercised if such exercise would cause holder to beneficially own or exercise control or direction over 19.99% or greater of the issued and outstanding voting shares of the issuer. Stock options were acquired upon joining the issuer's board of directors on 10/29/2019. Number of derivative securities was calculated as 19.98% of shares issued and outstanding minus 13,021,679 common shares beneficially owned given restrictions on the exercise of warrants described herein. William Matlack 2020-01-13