Black Tusk Resources Inc. Closes Flow Through Private Placement

VANCOUVER, BC / ACCESSWIRE / December 20, 2019 / Black Tusk Resources Inc. (the "Company") TUSK 0NB BTKRF is pleased to announce that it has closed a flow through private placement issuing a total of 3,300,000 Units (as defined below) at a price of $0.055 per Unit for total proceeds of $181,500.

Each Unit consists of one flow-through common share (a "Share") and one half of one share purchase warrant (each whole warrant a "Warrant"). Each Warrant will entitle the holder to purchase an additional share at a price of $0.10 per share for a two-year term (the "Warrant Term").

The Company paid finders fees to Leede Jones Gable Inc. and EMD Financial Inc. consisting of $13,200 cash, 144,000 common shares and 48,000 Warrants.

On behalf of the Board of Directors

Richard Penn,
CEO

CONTACT:

Roman Rubin
TUSK
Chief Financial Officer
500-666 Burrard st.
Vancouver, BC, V6C 3P6
Office: 604-373-TUSK (8875)
Toll free: 1-833-273-TUSK (8875)

SOURCE: Black Tusk Resources Inc.