Note on Redacted Material: Sections under the heading “Proposed Rates”, “SMD Personnel”, and “Proposed Work Schedule” in Exhibit B to this Agreement have been omitted pursuant to a Confidential Treatment Request (“Request”) Timberline Resources...

* Note on Redacted Material:  Sections under the heading “Proposed Rates”, “SMD Personnel”, and “Proposed

Work Schedule” in Exhibit B to this Agreement have been omitted pursuant to a Confidential Treatment Request

(“Request”)  Timberline Resources Corporation filed with the United States Securities and Exchange Commission

(“SEC”) concurrently With the filing of the Form 10-K to which this Agreement is an exhibit.  The omitted material

has been filed separately with the SEC as part of the request.  The place of omitted provisions are indicated below

as “REDACTED”.  Two pages contain omitted provisions.