Black Tusk Resources Inc. Closes Tranche 1 of Flow Through Private Placement

Black Tusk Resources Inc. Closes Tranche 1 of Flow Through Private Placement

June 14 , 2019 – Vancouver, British Columbia . Black Tusk Resources Inc. (the “Company”) ( CSE: TUSK)

(Frankfurt: 0NB) (OTCPK: BTKRF) is pleased to announce that it has closed tranche 1 of its previously announced

flow through private placement (see press release dated June 7 ,2019 ) issuing a total of 1,689,200 Units (as defined

below) at a price of $0.17 per Unit for total proceeds of $287,164.

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. 25

per share for a two-year term (the “Warrant Term”).

The Company will pay a commission of 4% cash, issue 4% in common shares and Warrants in connection with this

offering.

On behalf of the Board of Directors

Richard Penn,

CEO