* 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.

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