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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1350770	Black Tusk Minerals Inc.	BKTK	Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1324092	Hugh Gavin Roy	7425 Arbutus Street Vancouver A1 V6P 2T5	President	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2011-02-08	5,163,313	$0.05	10,523,226	No	4	P	Indirect	Magellan Management Company

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	Magellan Management Company

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Common Stock Warrants	Acquisiton	2011-02-08	5,163,313	$0.00	5,163,313	$0.05

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
5,163,313	2011-02-08	2016-02-08	No	4	A	Indirect

Footnotes

The reporting persons purchase of common stock and warrants reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 528,300 shares, with the reporting person's sale of 2,150 (post 50 to 1 reverse split) shares of the Issuer's common stock at a price of $0.31650 (post 50 to 1 reverse split) per share on August 13, 2010 and with the reporting person's sale of 8,416 (post 50 to 1 reverse split) shares of the Issuer's common stock at a price of $0.32250 (post 50 to 1 reverse split) per share on August 23, 2010. The reporting person has agreed to pay to the Issuer, upon settlement of the sale, $2,866.34, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.
Indirectly held through Magellan Management Company; Gavin Hugh Roy is the principal of Magellan Management Company and has sole voting and investment control over the shares. The reporting person purchased 5,163,313 shares of common stock and 5,163,313 warrants. Each warrant is exercisable to acquire one additional share of common stock at $0.05 per share until February 8, 2016.
On October 4, 2010, the Issuer effected a 50 to 1 reverse split of its common stock. Share and price information in this report gives effect to the reverse split.