LIMA, PERU — (Marketwire) — 04/24/12 — Black Tusk Minerals Inc. (OTCBB: BKTK) (the „Company“) announces that as a result of a technical disclosure review by the British Columbia Securities Commission („BCSC“), the Company is providing an update on its Requirement to file a compliant NI 43-101 Technical Report on the Altococha (Huanza) Property.
The Company is the titleholder of certain mining rights in the district of Huanza, province of Huarochiri, department of Lima, Peru and, in order to exploit its mining rights, the Company requires a land use agreement with the peasant community named Comunidad Campesina de Huanza (the „Community“), the owner of the superficial lands covering the area of our concessions. The Company is currently renegotiating its Agreement On The Use Of Lands With Mining Purposes with the Community. The Community is reviewing the proposal and it is anticipated that a new agreement will be obtained shortly whereby the Company would have access for the NI 43-101 personal inspection required to file a compliant NI 43-101 Technical Report on the Altococha (Huanza) Property with the BCSC, and to initiate the subsequent exploration programs planned by the Company.
The Company-s February 29, 2012 news release retracted the previous February 2011 Altococha technical report, and corporate disclosure of a tailings resource on the Altococha (Huanza) property. The Company expects to file a new technical report within 90-days after its Agreement with the Community.
About Black Tusk Minerals Inc.
Black Tusk Minerals Inc. is a mineral exploration company focused on the exploration and development of mineral prospects worldwide. Most notably, the Company owns a 99% interest in 19 mineral claims, known as the Altococha concessions, in the District of Huanza, Province of Huarochiri, Department of Lima, Peru.
ON BEHALF OF THE BOARD OF DIRECTORS BLACK TUSK MINERALS INC.:
Gavin Roy, President
This news release contains „forward-looking statements“ and „forward-looking information“ within the meaning of Canadian and United States securities laws. Such forward-looking statements and forward-looking information reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties outlined under the section headings „Cautionary Note Regarding Forward-Looking Statements“ and „Risks Factors“ in our annual report on Form 10-K, as filed with the SEC on August 30, 2011, under the section heading „Risk Factors“ in our most recent quarterly report on Form 10-Q, as filed with the SEC on January 19, 2011, and in our most recent financial statements, reports and registration statements filed with the SEC (available at ) and with Canadian securities administrators (available at ). Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, believed, estimated or expected. We do not undertake to update forward-looking statements or forward-looking information, except as may be required by law.
Contacts: Black Tusk Minerals Inc. Gavin Roy President 360-930-3910
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