BLACK TUSK CLOSES $305,000 PRIVATE PLACEMENT

Mr. Richard Penn reports

BLACK TUSK CLOSES PRIVATE PLACEMENT

Black Tusk Resources Inc. has closed a private placement for gross proceeds of $305,000, issuing a total of 15.25 million units at a price of two cents per unit.

Each unit consists of common share and one share purchase warrant. Each warrant will entitle the holder to purchase a common share for a two-year term.

Richard Penn, a director and officer of the company, purchased one million units under the offering.

The securities issued will be subject to a four-month-and-one-day hold from the date of issuance.

The proceeds from the offering will be for general working capital.

We seek Safe Harbor.