Timberline Resources Corporation (OTCMKTS:TLRS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers.

On September 10, 2018, the Registrant reported the appointment of Mr. Ted Sharp as Chief Financial Officer (CFO) for the Company, replacing Randy Hardy, who left the Company to engage in other business pursuits.

Mr. Sharp will serve as the Company’s Chief Financial Officer (CFO) and Corporate Secretary. He is currently President of Sharp Executive Associates, Inc., a privately-held accounting firm in Nampa, Idaho which provides CFO services to clients in several industries, including the exploration and mining sector. Prior to 2003, he worked for 14 years as CFO, Managing Director of European Operations, and Corporate Controller for Key Technology, Inc., a publicly-traded manufacturer of capital goods. From 1981 to 1989, Mr. Sharp worked in both public accounting and private industry. He holds a BBA in Accounting from Boise State University and is a Certified Public Accountant in both Idaho and Washington.

Mr. Sharp does not have a family relationship with any member of the Board of Directors or any executive officer of the Company, and Mr. Sharp has not been a participant or had any interest in any transaction with the Company that is reportable under Item 404(a) of Regulation S-K.

In connection with his appointment, Mr. Sharp will receive a fee for services on an as-needed basis at a rate of $150 per hour.

The Company extends special thanks to its former CFO, Randy Hardy, for more than a decade of dedicated service to Timberline shareholders. Mr. Hardy will continue as an advisor to the Company.

Item 7.01 Regulation FD Disclosure.

On September 10, 2018, the Company issued a press release entitled, “Timberline Resources Announces Management Change”. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

In accordance with General Instruction B.2 of Form8-K, the information in this Item 7.01, including the exhibit attached hereto, shall not be deemed “filed” for purposes of Section18 of the Exchange Act, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d)

Exhibits

Exhibit No.

Description

99.1

Press Release of Timberline Resources Corporation dated September 10, 2018.*

* Furnished to, not filed with, the SEC to Item 7.01 above.

Timberline Resources Corp Exhibit
EX-99 2 ex99.htm PRESS RELEASE Timberline Resources EXHIBIT 99.1 FOR IMMEDIATE RELEASE Timberline Resources Announces Management Change Coeur d’Alene,…
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About Timberline Resources Corporation (OTCMKTS:TLRS)

Timberline Resources Corporation is an exploration-stage company. The Company is engaged in mineral exploration business. The Company holds interests in mineral prospects for exploration in Nevada and Montana mainly for target commodities of gold and silver. The Company’s property, Eureka (Battle Mountain/Eureka Trend), has an area of approximately 16,000 acres. The Eureka property is located in the southern part of the Eureka mining district of Eureka County, Nevada. Its ICBM Joint Venture Project (Timberline/Barrick) is located in the Battle Mountain Mining District, Lander County, Nevada. Seven Troughs is an epithermal gold district. The Company’s properties comprise approximately five epithermal gold targets, of which over four are in western and northern Nevada and approximately one is in northeast California; over three Carlin-type gold prospects within the Battle Mountain-Eureka and Carlin gold trends in Nevada; and approximately one gold-bearing skarn in central Nevada.