CORRECTION TO PREVIOUS RELEASE DATED NOVEMBER 24, 1997

The Arctic Group Inc. advises correction of an error contained in the news release issued earlier today which announced the signing of two Letters of Intent to acquire the assets and operations of two independent ice companies based in Oklahoma.

Paragraph 3 was in error and should have read as follows:

While the details of the individual acquisitions are not disclosed, the previously announced purchase price was in error. On completion of these two acquisitions, the approximately $2,800,000 Cdn. in combined annual sales will enhance The Arctic Group Inc.'s total revenue to approximately $18,800,000 Cdn.

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 accuracy of this release.