Crescat Portfolio Management LLC - 31 Aug 2023 Form 4 Insider Report for Timberline Resources Corp

Role: 10%+ Owner
Signature: /s/ Kevin Smith, Director
Issuer symbol: N/A
Transactions as of: 31 Aug 2023
Net transactions value: +$300,000
Form type: 4
Filing time: 15 Mar 2024, 17:00:05 UTC
Previous filing: 26 Apr 2022
Next filing: 15 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TLRS	Common Stock	Purchase	$1,740	+34,807		$0.0500	34,807	31 Aug 2023	Held by Crescat Institutional Macro Master Fund Ltd.	F1
transaction	TLRS	Common Stock	Purchase	$63,524	+1,270,477	+12%	$0.0500	12,278,425	31 Aug 2023	Held by Crescat Global Macro Master Fund Ltd.	F1
transaction	TLRS	Common Stock	Purchase	$13,040	+260,810	+19%	$0.0500	1,647,746	31 Aug 2023	Held by Crescat Long/Short Master Fund Ltd.	F1
transaction	TLRS	Common Stock	Purchase	$118,285	+2,365,695	+35%	$0.0500	9,220,811	31 Aug 2023	Held by Crescat Precious Metals Master Fund Ltd.	F1
transaction	TLRS	Common Stock	Purchase	$3,411	+68,211		$0.0500	68,211	31 Aug 2023	Held by Crescat Institutional Commodity Master Fund Ltd.	F1
holding	TLRS	Common Stock						363,636	31 Aug 2023	Held by Kevin and Linda Smith Living Trust dtd 7/21/1998
holding	TLRS	Common Stock						150,000	31 Aug 2023	Held by Kevin C. Smith

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	TLRS	Warrants	Purchase	$870	+17,404		$0.0500	17,404	31 Aug 2023	Common Shares	17,404	$0.0800	Held by Crescat Institutional Macro Master Fund Ltd.	F1
transaction	TLRS	Warrants	Purchase	$31,762	+635,239		$0.0500	635,239	31 Aug 2023	Common Shares	635,239	$0.0800	Held by Crescat Global Macro Master Fund Ltd.	F1
transaction	TLRS	Warrants	Purchase	$6,520	+130,405		$0.0500	130,405	31 Aug 2023	Common Shares	130,405	$0.0800	Held by Crescat Long/Short Master Fund Ltd.	F1
transaction	TLRS	Warrants	Purchase	$59,142	+1,182,848		$0.0500	1,182,848	31 Aug 2023	Common Shares	1,182,848	$0.0800	Crescat Precious Metals Master Fund Ltd.	F1
transaction	TLRS	Warrants	Purchase	$1,705	+34,106		$0.0500	34,106	31 Aug 2023	Common Shares	34,106	$0.0800	Held by Crescat Institutional Commodity Master Fund Ltd.	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Unit price of $0.05 included one share of common stock and one-half of one warrant; each whole warrant is exercisable for the purchase of one additional share of common stock.