FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * McDowell Donald James 2. Issuer Name and Ticker or Trading Symbol Timberline Resources Corp [ TLRS ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
VP Corporate Development
(Last)         (First)         (Middle)
2131 STONE HILL CIRCLE
3. Date of Earliest Transaction (MM/DD/YYYY)
1/8/2019
(Street)
RENO, NV 89519
(City)       (State)       (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
1/30/2019 
6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock  1/8/2019    P    2000  A $0.0796  152100  D   
Common Stock  1/9/2019    P    500  A $0.093  152600  D   
Common Stock  1/10/2019    P    916  A $0.0931  153516  D   
Common Stock  1/10/2019    P    84  A $0.0813  153600  D   
Common Stock  1/10/2019    P    1500  A $0.0877  155100  D   
Common Stock  1/11/2019    P    500  A $0.0911  155600  D   
Common Stock  1/11/2019    P    500  A $0.0955  156100  D   

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
McDowell Donald James
2131 STONE HILL CIRCLE
RENO, NV 89519
X
VP Corporate Development

Signatures
/s/ Donald J. McDowell 1/24/2020
**Signature of Reporting Person Date
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