Timberline Resources Appoints Leigh Freeman to Its Board of Directors
18 1월 2013 - 10:00PM
Marketwired
Timberline Resources Corporation (TSX VENTURE:TBR)(NYSE
Amex:TLR)(NYSE MKT:TLR) ("Timberline" or the "Company") is pleased
to announce the appointment of Leigh W. Freeman to the Company's
Board of Directors (the "Board"). Mr. Freeman has over 40 years of
experience in the mining industry. At present, he is General
Manager and Principal with Downing Teal Inc., a global recruiting
organization serving the resource and construction industries and
is also the Chairman and Chief Executive Officer of Blue Sun
Energy, Inc., a private, technology-based alternative energy
company. Mr. Freeman has served in technical, managerial and
executive positions with junior and senior mining and service
companies. He was a co-founder, President and Director of Orvana
Minerals and also held several positions with Placer Dome.
Mr. Freeman also serves as a trustee of the Montana Tech
Foundation and on the industry advisory board for the mining
programs at the University of Arizona, Montana Tech and South
Dakota School of Mines. In addition, he co-chaired the Education
Sustainability Committee for the Society of Mining Engineers. He
was appointed as the mining representative to an ad hoc committee
of the National Academy of Sciences for a study of "Emerging
Workforce Trends in the US Energy and Mining Industries".
In connection with his appointment, Mr. Freeman has been granted
100,000 options to acquire common shares of Timberline at an
exercise price equal to the fair market value of the stock at the
time of the grant, vesting immediately, and with a term of five
years.
The Company also announced today that Ron Guill, a director of
the Company since 2007, does not intend to seek re-election to the
Board at the Company's 2013 Annual Meeting.
Paul Dircksen, Timberline's President and CEO, commented, "We
are extremely pleased and fortunate to have Leigh join the
Timberline Board. He will be an asset to our Company with his
wealth of experience and extensive professional network in our
industry. On behalf of Timberline, I would like to thank Ron for
his guidance and support as we have advanced our Butte Highlands
Project toward production. Ron continues to support the Timberline
business plan to achieve production at Butte while advancing the
Company's South Eureka Project as rapidly as possible."
About Timberline Resources
Timberline Resources Corporation is exploring advanced-stage
gold properties in the western United States. Timberline holds a
50-percent carried interest ownership stake in the Butte Highlands
Joint Venture in Montana where gold production is targeted to
commence in mid-2013. Timberline's exploration is primarily focused
on the goldfields of Nevada, where it is advancing its flagship
Lookout Mountain Project toward a production decision while
exploring a pipeline of quality earlier-stage projects at its South
Eureka Property and elsewhere. Timberline management has a proven
track record of discovering economic mineral deposits and
developing them into profitable mines.
Timberline is listed on the NYSE MKT where it trades under the
symbol "TLR" and on the TSX Venture Exchange where it trades under
the symbol "TBR".
Forward-looking Statements
Statements contained herein that are not based upon current or
historical fact are forward-looking in nature and constitute
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Such forward-looking statements reflect the Company's
expectations about its future operating results, performance and
opportunities that involve substantial risks and uncertainties.
These statements include but are not limited to statements
regarding the intended use of any proceeds from the offering. When
used herein, the words "anticipate," "believe," "estimate,"
"upcoming," "plan," "target", "intend" and "expect" and similar
expressions, as they relate to Timberline Resources Corporation,
its subsidiaries, or its management, are intended to identify such
forward-looking statements. These forward-looking statements are
based on information currently available to the Company and are
subject to a number of risks, uncertainties, and other factors that
could cause the Company's actual results, performance, prospects,
and opportunities to differ materially from those expressed in, or
implied by, these forward-looking statements. Factors that could
cause or contribute to such differences include, but are not
limited to, risks related to changes in the Company's business
resulting in changes in the use of proceeds, and other such
factors, including risk factors discussed in the Company's Annual
Report on Form 10-K for the year ended September 30, 2012. Except
as required by law, the Company does not undertake any obligation
to release publicly any revisions to any forward-looking
statements.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Timberline Resources Corporation Paul Dircksen CEO
208.664.4859
Timberline Resources (QB) (USOTC:TLRS)
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Timberline Resources (QB) (USOTC:TLRS)
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