COEUR D'ALENE, IDAHO -- (Marketwire) -- 10/27/11 -- Timberline Resources Corporation (TSX VENTURE: TBR)(NYSE Amex: TLR) ('Timberline' or the 'Company') announced today that it has completed the negotiations and executed the definitive agreement for the sale of its wholly-owned contract drilling subsidiary, Timberline Drilling, Inc. ('TDI'). The sale, which is expected to close within the next week, is to a private
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