Black Tusk Resources Inc. Closes Private Placement

BLACK TUSK RESOURCES INC.

500- 666 Burrard Street

Vancouver, BC, V6C 3P6

www.blacktuskresources.com

Black Tusk Resources Inc. Closes Private Placement

June 26, 2020 – Vancouver, British Columbia. Black Tusk Resources Inc. (the “ Company ”) (C: TUSK, OTC:

BTKRF, Frankfurt: 0NB) announces the closing of a p rivate placement offering issuing a total of 2,500, 000 Units at

a price of $0.06 per Unit for total proceeds of $150,000.00. Each Unit consists of one common share (a “Share”) and

one whole share purchase warrant (each whole warrant a “Warrant”). Each Warrant will entitle the hold er to purchase

an additional share at a price of $0.06 per share for a two-year term (the “Warrant Term”). The shares are subject to a

four month hold period expiring four months and one day from the date of issuance.

In addition, the Company announces that 4,000,000 share purchase warrants were recently exercised for total proceeds

of $240,000.

Proceeds of the offering and recently warrant exercise will be used for mineral exploration and general working capital

purposes.

On behalf of the Board of Directors

Richard Penn,

CEO

778 384-8923

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain “forward-looking informatio n” within the

meaning of applicable securities law including statements relating to plans for expenditures and use o f proceeds.

Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”,

“believe”, “anticipate”, “estimate” and other simil ar words, or statements that certain events or cond itions “may”

or “will” occur. Forward-looking statements are bas ed on the opinions and estimates at the date the statements are

made, and are subject to a variety of risks and unc ertainties and other factors that could cause actual events or

results to differ materially from those anticipated in the forward-looking statements including, but not limited to

delays or uncertainties with regulatory approvals, including that of the CSE, unexpected financial expenditures,

interference with planned exploration, unforeseen risks related to finances or exploration. There are uncertainties

inherent in forward-looking information, including factors beyond the Company’s control. There are no assurances

that the business plans for the Company as describe d in this news release will come into effect on the terms or time

frame described herein. The Company undertakes no o bligation to update forward-looking information if

circumstances or management’s estimates or opinions should change except as required by law. The reade r is

cautioned not to place undue reliance on forward-lo oking statements. Additional information identifyin g risks and

uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities

regulators, which are available at www.sedar.com.

The CSE and Information Service Provider have not r eviewed and does not accept responsibility for the

accuracy or adequacy of this release.