September 21, 2015 Mr. Paul Dircksen Via email: dircksen@timberline- resources.com Re: Letter Agreement regarding Terms of Relationship Mr. Dircksen:

Exhibit 10.29

September 21, 2015

Xx. Xxxx Xxxxxxxx

Via email: xxxxxxxx@xxxxxxxxxx-xxxxxxxxx.xxx

Re: Letter Agreement regarding Terms of Relationship

Xx. Xxxxxxxx:

This letter agreement sets forth the agreed upon terms and conditions of your continuing relationship with Timberline Resources Corporation (the “Company”) pursuant to our agreements in prior conversations. This letter supersedes in respects the terms and conditions of your current agreement with the Company, dated effective May 1, 2006 (“Prior Agreement”), and pursuant to your agreement to the terms and conditions set forth herein you agree that your Prior Agreement is hereby terminated in its entirety and that you hereby waive any claims, rights, assertions or other causes of action of any kind, whether by law or in equity, arising from or related to the terms and conditions of your employment as set forth in the Prior Agreement, including but not limited to, any right to assert payment for any change of control pursuant to the terms and conditions of the Prior Agreement.

The Company hereby agrees and you through your countersignature hereto agree that the changes in compensation structure and responsibilities set forth herein constitute good and valuable consideration the receipt and sufficiency of which is hereby acknowledged for the amendment of the terms and conditions of your relationship with the Company and the termination of the Prior Agreement.

It is our agreed understanding that your relationship with the Company shall be based upon and subject to the following terms and conditions:

Continuation as a consultation to the company under your current terms of employment until a Change of Control.

Opportunity to serve as a consultant to the company after a Change of Control under mutually agreeable terms.

The Company will continue to support medical costs as per the Prior Agreement with a modification to help manage costs whereby Timberline would cover the difference between your current coverage and coverage provided by programs that you qualify for such as Medicare.

In addition, Xxxxxxxxxx would transfer to you the title of your truck.

000 X. Xxxxxxxx,

Phone: 000 000-0000

Email: xxxx@xxxxxxxxxx-xxxxxxxxx.xxx

Coeur d'Alene, Idaho USA 83814

Fax:

000 000-0000

Web: xxx.xxxxxxxxxx-xxxxxxxxx.xxx

Further, on a non-binding basis, the Company agrees that it will request that the Compensation Committee of the Board of Directors of the Company consider your agreement to these changes in the terms and conditions of your relationship to the Company when determining in its sole discretion, following the approval of the 2015 Stock and Incentive Plan by the shareholders of the Corporation at the upcoming annual meeting of the shareholders, assuming the shareholders make such approval, the discretionary grant to you of Awards under the 2015 Stock and Incentive Plan. Pursuant to such notification to the Compensation Committee, the Company will acknowledge that the agreed upon value of the surrender of your prior change of control rights is approximately $160,000.

Based on the foregoing, please return a countersigned copy of this letter agreement to us indicating that you hereby agree to the terms and conditions set forth herein. Both parties agree that the terms and conditions set forth herein will be memorialized at a later date in a formal agreement between the parties which such additional ancillary terms and conditions as are standard for agreements of this type and are mutually agreeable to the parties.

Sincerely,

/s/ Xxxxx Xxxxxxx

______________________
Xxxxx Xxxxxxx

Director and Chairman of the Compensation Committee

Timberline Resources Corporation

Acknowledged and agreed to this 22 day of September, 2015

/s/ Xxxx Xxxxxxxx

______________________

Xxxx Xxxxxxxx