Timberline shareholders approve Staccato acquisition

Timberline Resources Corp. reported on Tuesday that its shareholders have approved the plan to acquire all of the outstanding common shares of Staccato Gold Resources Ltd.

At the special meeting of Timberline shareholders held May 28, 99 percent of the securities that were voted favored the transaction.

Timberline will acquire all of the issued and outstanding common shares of Staccato by means of a share exchange. Staccato shareholders will receive 0.142857143 shares of Timberline common stock and U.S. $0.0001 for each Staccato common share held. Timberline and Staccato expect to complete all other conditions to closing and to close the transaction today.

Staccato voluntarily halted trading of its common shares on the TSX Venture Exchange prior to the opening of the market on Monday. The common shares of Staccato will remain halted until the closing date and Timberline's shares of common stock will resume trading on the TSX Venture Exchange in substitution for Staccato's common shares on Thursday under the symbol TBR.

Registered shareholders, warrant holders and certain option holders of Staccato will be required to submit their certificates and Letters of Transmittal to Corporate Stock Transfer Inc. prior to receiving the Timberline securities to which they are entitled upon completion of the arrangement transaction.

John Jamotta Upbeat Breakfast speaker

The Coeur d'Alene Chamber of Commerce Upbeat Breakfast will welcome guest speaker John Jamotta at the June event. Jamotta has been with Southwest Airlines and Schedule Planning since 1987, serving as the department's senior director for the past five years.

The program is at The Coeur d'Alene Resort and starts at 7:30 a.m. Tuesday, June 8.

Registration is due by June 4. Cancellations must be made by noon prior to Upbeat Breakfast for a refund.

Information: www.cdachamber.com

China trip information meeting set

The Coeur d'Alene Area Chamber of Commerce is holding an information meeting to answer any questions regarding the upcoming China trip. Area chambers of commerce including the Coeur d'Alene Area, Post Falls and Sandpoint chambers of commerce are working together to assist individuals and companies interested in exploring opportunities in China.

The three chambers are working with Citslinc International Inc. for a business exploration and familiarization tour. The trip is available to area businesses and individuals interested in learning more of the places, people and Chinese culture.

The nine-day trip includes visits to four Chinese cities: Beijing, Shanghai, Hanghou and Suzhou. The trip will is scheduled for October with four available departure dates. Groups will depart on Oct. 4, 9, 11 or 18. The cost of $1,899 per person (based on double occupancy) includes international (departing from Seattle) and Chinese domestic airfare, 5- and 4-star hotel accommodations, three daily meals, luxury buses, English tour guides and entrance to attractions including the 2010 World Expo.

For more information about the trip go to www.cdachamber.com, or contact Ginger Dalvini at 415-0108 or e-mail Ginger@CdAChamber.com.