BLACK TUSK CORRECTS CEO SHAREHOLDING TO 505,075 SHARES

Mr. Richard Penn reports

BLACK TUSK CORRECTS SHAREHOLDINGS IN INFORMATION CIRCULAR

Black Tusk Resources Inc. has provided this news release to correct information provided in the information circular for the annual general meeting held Nov. 2, 2020. The information circular is corrected as follows.

As at the record date of Oct. 30, 2020, the information circular incorrectly reported Richard Penn, chief executive officer and a director, as having 5,014,500 common shares directly owned. As of Oct. 30, 2020, Mr. Penn owned 505,075 common shares directly.

Mr. Penn's securities holdings have also been corrected on SEDI (the System for Electronic Disclosure by Insiders).

Shareholdings of Roman Rubin (former CFO, secretary and a director) in the information circular and on SEDI are in the process of being corrected, and an updating news release will follow.