BLACK TUSK CLOSES $201,250 SECOND TRANCHE OF FINANCING

Mr. Richard Penn reports

BLACK TUSK RESOURCES INC. CLOSES TRANCHE 2 OF PRIVATE PLACEMENT

Black Tusk Resources Inc. has closed tranche two of its previously announced private placement (see press releases dated Jan. 2, 2018, and Feb. 6, 2018) issuing a total of 1,341,665 units at a price of 15 cents per unit for total proceeds of $201,250.

Each unit consists of one common share and one-half of one share purchase warrant. Each warrant will entitle the holder to purchase an additional share at a price of 20 cents per share for a two-year term.

The company expects to close its final tranche in the coming weeks.

About Black Tusk Resources Inc.

Black Tusk is engaged in the acquisition and exploration of its mineral property, located in British Columbia, Canada. Pursuant to the Goldsmith option agreement, the company currently has an option to acquire a 100-per-cent undivided interest in the Goldsmith property, situated in the Kootenays, approximately 65 kilometres north of the city of Kaslo, B.C.