Black Tusk Minerals Inc.
OTC Bulletin Board : BKTK

Black Tusk Minerals Inc.

May 01, 2008 09:00 ET

Black Tusk Minerals Inc. Announces Acquisition of Peruvian Properties

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 1, 2008) - Black Tusk Minerals Inc. (OTCBB:BKTK)(FRANKFURT:4HH) (the "Company") is pleased to announce that on April 24, 2008 it consummated the acquisition of fifteen mining concessions and pediments located in the District of Huanza, Province of Huarochiri, Department of Lima, Peru (the "Peru Properties"). The Peru Properties were acquired by Black Tusk Minerals Peru SAC, a subsidiary of the Company ("Black Tusk Peru"), from Marlene Ore Lamilla, an individual, pursuant to the terms and conditions of a Master Purchase Agreement and a Mining Concessions and Claims Transfer Agreement, each dated December 5, 2007.

In consideration for the transfer by Ms. Lamilla to Black Tusk Peru of the Peru Properties, the Company agreed to issue an aggregate of 10,000,000 common shares to Ms. Lamilla and her designees and grant to Ms. Lamilla (or her designee) a 1% royalty on the net smelter returns upon commercial production on the Peru Properties. The 10,000,000 common shares were issued to Ms. Lamilla and her designees outside of the United States pursuant to Regulation S promulgated under the Securities Act of 1933, as amended.

The Company's plans for the next twelve months are to focus on the technical review and exploration of the Peru Properties. The Company has engaged an engineer to assist in the technical review of the Peru Properties and expects to produce a report in accordance with Canadian National Instrument 43-101, Standards of Disclosure for Mineral Projects.

In addition to the transactions described above, effective April 24, 2008, certain changes in the officers and directors of the Company were effected:

- Gavin Roy resigned as Vice President of the Company;

- Peter Watson resigned as President and Director of the Company;

- Gavin Roy was elected as President of the Company; and

- Gavin Roy was appointed as Director of the Company to fill the vacancy on the Board of Directors left by the resignation of Peter Watson.

Gavin Roy, President of the Company, states: "We are very excited about concluding the acquisition of the Altococha properties in Peru. Our geological team is already in Lima and has begun initial investigation of the properties. We look forward to receiving their technical report in the upcoming months".




About Black Tusk Minerals Inc.

The Company was incorporated on August 8, 2005 in the State of Nevada with the intention of acquiring mineral exploration projects. The Company's common stock is quoted on the Over-the-Counter Bulletin Board of the Financial Industry Regulatory Authority (formerly the National Association of Securities Dealers, Inc.) under the symbol "BKTK" and in Germany under the symbol 4HH.

Full financial statements and securities filings for the Company are available on

This press release includes forward-looking statements involving known and unknown risks, uncertainties and other factors that could cause actual results to vary materially from projected results. Please refer to a discussion of the Company's risk factors in the Company's 10-KSB, 10-QSBs, Form 8-Ks and other Securities and Exchange Commission filings which will be provided to you upon request. You should not place undue reliance on forward looking statements. We undertake no obligation to update any forward-looking statement.

The securities issued in connection with the acquisition described in this press release have not been registered under the Securities Act of 1933, as amended (the "U.S. Securities Act"), or state securities laws, and were issued in reliance upon the exemption from registration provided by Regulation S under the U.S. Securities Act.

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