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Press release content from ACCESSWIRE. The AP news staff was not involved in its creation.

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

December 31, 2019 GMT

VANCOUVER, BC / ACCESSWIRE / December 31, 2019 / Black Tusk Resources Inc. (the “Company”) (CSE:TUSK)(Frankfurt:0NB)(OTC PINK:BTKRF) is pleased to announce that it has closed its second and final tranche of its flow-through private placement issuing an additional 845,000 Units (as defined below) at a price of $0.055 per Unit for total proceeds of $46,475. Including the previous tranche (see press release dated December 20, 2019), the total number of Units sold under this offering was 4,145,000 for total proceeds of $227,975.

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 EMD Financial Inc. consisting of $2,997.50 cash, 32,700 common shares and 10,900 Warrants.

On behalf of the Board of Directors

Richard Penn,

CEO

CONTACT:

Roman Rubin

(CSE: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.

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