43-101 Gold Resource :: Timberline Resources Corporation

Lookout Mountain Gold Resources
Measured			Indicated			Measured & Indicated
Tons	oz Au/ton	oz Au	Tons	oz Au/ton	oz Au	Tons	oz Au/ton	oz Au
3,043,000	0.035	106,000	25,897,000	0.016	402,000	28,940,000	0.018	508,000

			Inferred
			Tons	oz Au/ton	oz Au
			11,709,000	0.012	141,000

Lookout Mountain Gold Resources
Oxidized Material
Cutoff (oz Au/ton)	Measured			Indicated			Measured & Indicated
Cutoff (oz Au/ton)	Tons	oz Au/ton	oz Au	Tons	oz Au/ton	oz Au	Tons	oz Au/ton	oz Au
0.003	3,209,000	0.018	58,000	38,209,000	0.011	404,000	41,418,000	0.011	462,000
*0.006*	*2,635,000*	*0.021*	*56,000*	*25,270,000*	*0.014*	*351,000*	*27,905,000*	*0.015*	*407,000*
0.008	2,278,000	0.024	54,000	18,368,000	0.017	307,000	20,646,000	0.018	361,000
0.010	1,933,000	0.026	51,000	13,539,000	0.020	266,000	15,472,000	0.021	317,000
0.015	1,344,000	0.033	44,000	7,649,000	0.026	198,000	8,993,000	0.027	242,000
0.030	367,000	0.064	24,000	1,830,000	0.044	79,000	2,197,000	0.047	103,000
0.050	125,000	0.119	15,000	290,000	0.080	23,000	415,000	0.092	38,000
0.100	51,000	0.194	10,000	52,000	0.165	9,000	103,000	0.179	19,000

Cutoff (oz Au/ton)	Inferred
Cutoff (oz Au/ton)	Tons	oz Au/ton	oz Au
0.003	21,965,000	0.008	180,000
*0.006*	*11,673,000*	*0.012*	*140,000*
0.008	7,758,000	0.015	114,000
0.010	5,321,000	0.017	93,000
0.015	2,627,000	0.024	62,000
0.030	523,000	0.040	22,000
0.050	62,000	0.072	5,000
0.100	2,000	0.488	1,000

Unoxidized Material
Cutoff (oz Au/ton)	Measured			Indicated			Measured & Indicated
Cutoff (oz Au/ton)	Tons	oz Au/ton	oz Au	Tons	oz Au/ton	oz Au	Tons	oz Au/ton	oz Au
0.003	1,325,000	0.047	62,000	3,321,000	0.024	71,000	4,646,000	0.031	141,000
0.006	1,137,000	0.054	61,000	2,418,000	0.031	69,000	3,555,000	0.038	136,000
0.008	1,037,000	0.058	61,000	2,037,000	0.036	67,000	3,074,000	0.043	134,000
0.010	946,000	0.063	60,000	1,734,000	0.041	65,000	2,680,000	0.049	130,000
0.015	767,000	0.075	58,000	1,287,000	0.051	60,000	2,054,000	0.060	123,000
*0.030*	*408,000*	*0.123*	*50,000*	*627,000*	*0.082*	*49,000*	*1,035,000*	*0.098*	*101,000*
0.050	273,000	0.165	45,000	273,000	0.138	38,000	546,000	0.152	83,000
0.100	171,000	0.219	38,000	133,000	0.212	29,000	304,000	0.216	66,000

Cutoff (oz Au/ton)	Inferred
Cutoff (oz Au/ton)	Tons	oz Au/ton	oz Au
0.003	1,012,000	0.011	17,000
0.006	542,000	0.016	14,000
0.008	380,000	0.019	13,000
0.010	285,000	0.022	12,000
0.015	160,000	0.027	9,000
*0.030*	*36,000*	*0.043*	*4,000*
0.050	-	-	-
0.100	-	-	-

Notes: 0.006 opt (0.21 g/t) cut-off applied to oxidized material to capture mineralization potentially available to open pit extraction and heap leach processing. 0.030 opt (1.03 g/t) cut-off applied to unoxidized material to capture mineralization potentially available to open pit extraction and lower heap leach recoveries or sulfide processing. Rounding may cause apparent discrepancies. The effective date of the Lookout Mountain updated gold resources is February 20, 2013. The resource includes 9,000 oz Au Indicated and 36,000 oz Au Inferred from the South Adit Gold Resource

Projects

43-101 Gold Resource