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BLACK TUSK DRILLS 2M OF 0.335 G/T AU AT GOLDEN VALLEY

Mr. Richard Penn reports

BLACK TUSK RESOURCES INC. RECEIVES RESULTS FROM CORE SAMPLING ON THEIR GOLDEN VALLEY PROJECT, QUEBEC


Black Tusk Resources Inc. has provided the results of its diamond drilling program on the Golden Valley project located in northwest Quebec. The program comprised 1,458.2 metres over 11 holes within the property. The holes ranged from 125 to 201 metres in length. The drill holes were spread over an approximate four-kilometre strike length within favourable geology. Drilling was designed to verify historic gold-bearing intercepts and to expand upon those intercepts, and to test geological and geophysical targets interpreted from existing regional data.


The drill core was logged and sampled at a facility located in Villebois, approximately 25 kilometres south of the property. All core was NQ size diameter.


The best gold results were obtained from drill hole GV-003 that returned 0.335 gram per tonne gold over two metres (weighted average 62 to 64 metres). As well, drill hole GV-001 returned 0.155 gram per tonne gold over two-metre core intercept.


Significant results (greater than 0.1 g/t Au) from the 2019 drilling program are summarized in the table.


Project         Hole ID   From (m)  To (m)*   Au (g/t)

Golden Valley    GV-001       140     141       0.138 
Golden Valley    GV-001       142     143       0.171 
Golden Valley    GV-003        62      63       0.455 
Golden Valley    GV-003        63      64       0.214 
Golden Valley    GV-004        51      52       0.344 

* True intercept widths have not been calculated for the results shown.


Holes GV-002, GV-005 to GV-011 did not return significant gold results from core samples submitted for analysis.


Hole GV-001 was designed to twin a historic drill hole (LAB-87-B2) that had reported 1.8 grams per tonne over 4.5-metre core length (from 57- to 61.5-metre depth (including 1.4 g/t from 57 to 58.5 m, 2.15 g/t from 58.5 to 60 m and 1.90 g/t from 60 to 61.5 m (Exploration Trois-Dimensions Inc., 1987 report GM45605). The 2019 drill program did not intercept similar gold result values or returned gold values at the same depths as in the historic drilling. This is also the case for other drill holes designed to verify historic drill results.


Drill core samples were obtained at the logging facility by hydraulic splitter and were shipped to ALS Global Laboratory in Rouyn-Noranda, an ISO/IEC 17025:2017 and ISO 9001:2015 accredited laboratory. A total of 443 samples were taken to the lab. The samples were analyzed by fire assay for gold, and for 35 elements by ICP method. Core samples were obtained from a variety of geologic features noted in the core including quartz veins, sulphides (pyrite, pyrrhotite and chalcopyrite), shear zones and other sections of interest as interpreted by the experienced core logging geologist.


Black Tusk personnel managed the drilling program under the direction of Perry Grunenberg, OGQ. Local Quebec-based consulting groups were contracted to undertake core logging and core sampling at a facility located in Villebois.


The Golden Valley project is located 26 kilometres south of the Hecla Mining Corp. -- Casa Berardi mine and lies within the Abitibi greenstone belt that is host to many world-class mineral deposits.


The property is accessed via existing major roads utilized for logging and mining, including the Casa Berardi mine.


QUALITY ASSURANCE/QUALITY CONTROL PROCESS

Black Tusk undertook quality assurance and quality control procedures during the diamond drilling program. This included the insertion of standards, blanks and a duplicate core sample at selected intervals (rotation of one at 20-sample intervals). Evaluation of results for each of the inserted materials indicates that they fall within the acceptable range for gold.


Drill core management was under the control of Black Tusk employees throughout the drilling and sampling process. Drill core is currently stored in a secure facility located in Val d'Or.


We seek Safe Harbor.

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