ARCTIC GROUP CONTINUES U.S. EXPANSION WITH DEALS IN OKLAHOMA

The Arctic Group Inc. today announced that it has signed two Letters of Intent to acquire the assets and operations of two independent ice companies based Oklahoma.

Clinton Ice Company, Inc. based in Clinton, Oklahoma and Shepard's C&C Ice Co., Inc., based in Perry, Oklahoma have annual combined sales approximately $2,800,000 Cdn.

While the details of the individual acquisitions are not disclosed, the total purchase price will be approximately $4,800,000 Cdn.

The purchase will be made through a combination of debt, cash and issuance of common shares. Subject to final due diligence and regulatory approvals, both transactions are scheduled to close within 60 days.

Mr. Robert Nagy, Arctic Group Inc. Chairman of the Board and CEO, said "These acquisitions provide a logical geographic extension to the previously announced Host Ice acquisition operating in Texas. We are seeing a growing acceptance of The Arctic Group's business plan by independent owners/operators of ice companies wherever we go."

The Arctic Group Inc. is one of Canada's largest ice companies and is committed to building an internationally recognized ice company by focusing on an aggressive strategy of growth through acquisition and consolidation of the ice industry in North America.

For further information, call The Arctic Group Inc. TOLL FREE at 1-888-573- 9237.

(Signed)
On behalf of the Management and the Board of Directors of The Arctic Group Inc.,
Robert Nagy Chairman & CEO

The Alberta Stock exchange has not reviewed and does not approve or disapprove of the adequacy or accuracy of this release.