Movers & Shakers June 15, 2010

Timberline Resources announces drilling contract extension

Timberline Resources Corp. reported on Monday its contract core drilling subsidiary, Timberline Drilling, has entered into a three-year extension to its existing underground and surface drilling contract with its largest customer. Timberline Drilling's contract now extends into 2014, which provides revenue stability and aids in the retention of quality staff and drillers by providing steady work for the company and its employees.

Timberline Drilling has also secured three contracts with junior exploration companies for drill programs beginning over the next several months, and one supplementary contract has been secured for deep-hole drilling in Nevada for the company's largest customer.

Timberline Drilling will also soon commence underground resource definition drilling and surface exploration drilling at Timberline's Butte Highlands Gold Project in Montana. Additionally, the company is mobilizing a surface drill to complete an exploration drill program at Timberline's newly-acquired South Eureka property in Nevada. Timberline Drilling currently has 12 drills operating and expects to have an additional 5 drills operating within the next several weeks. The company's drill fleet includes several drills that can be used for surface or underground drilling.

"Since the economic crisis of 2008, Timberline Drilling has undergone a major transformation and has successfully focused on safely improving our operating productivity and reducing operating and administrative costs," Randal Hardy, Timberline's chief executive officer, said. "This has allowed us to be profitable and to generate positive cash flow in each of the past four quarters. During this time period, three of the quarters were record periods in terms of earnings for Timberline Drilling. The outlook for the remainder of 2010 remains positive, and we remain focused on safety, serving our clients, and generating significant earnings and cash flow."

Richard Reardon named interim CLASS center executive

The University of Idaho has appointed Richard Reardon, associate dean of the College of Letters, Arts and Social Sciences (CLASS) for northern Idaho, as the institution's interim associate vice president and center executive officer for northern Idaho at the University of Idaho, Coeur d'Alene. His appointment takes effect June 27.

"Among the strengths that Richard Reardon brings to this position is his progressive view of our complex institution through his experience as a faculty member, department chair and as a college associate dean," said Provost Doug Baker. "He develops strong internal relationships, and works effectively on community-building and program development that are critical for our 21st century land-grant university to thrive."

Reardon, a professor of psychology, became associate dean for CLASS at northern Idaho in 2007; he served as chair of the psychology and communication studies department from 1998-2007. He also served for two years, from 2003-05, as director of the North Idaho Center for Disabilities Evaluation. Since 1996, Reardon has held a joint appointment as an adjunct associate professor with the University of Oklahoma Department of Human Relations. He held various academic and research positions with Oklahoma from 1991-1998, including vice chair of the Department of Psychology, membership in the Faculty Senate, and membership on the Executive Committee of the College of Liberal Studies. Reardon's research efforts have resulted in the publication of numerous journal articles and book chapters in social psychology, cognitive psychology, organizational behavior and marketing.

"I'm invested in the success of the University of Idaho in the north," Reardon said. "I'm impressed with the capabilities of our faculty, our staff and our facilities and I look forward to deepening and enhancing our relationships and partnerships with other institutions and the community at large in northern Idaho."

Reardon earned a bachelor of arts degree from the University of North Carolina at Chapel Hill; a master's of science and doctoral degrees the University of Georgia. His appointment may last for up to a year while a national search for a permanent CEO is conducted. He fills the vacancy left by the retirement of Larry Branen.

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