THE ARCTIC GROUP COMPLETES ACQUISITION OF FOUR ICE COMPANIES

Winnipeg, Manitoba - The Arctic Group Inc. announced today that it has completed the transactions to acquire the assets of four ice companies. The assets acquired are located in Minnesota and North Dakota in the United States and in Alberta, Canada.

In keeping with The Arctic Group's focused strategy of continuing geographic acquisitions, the assets acquired are all located in regions where the Arctic Group already maintains extensive operations or are contiguous to existing operations.

The assets acquired are from Ron's Ice of Minneapolis, Minnesota, Stelley's Ice of Rochester, Minnesota, Tour Ice of Bismarck, North Dakota, and Ice is Nice of Edmonton, Alberta. The four companies have total annual revenues of approximately $4 million. Each transaction provides Arctic with opportunities for internal efficiencies and provide immediate synergies with existing operations. The four transactions are an excellent fit geographically with Arctic's existing operations in that it creates production efficiencies, broadens our distribution base and increases Arctic's market penetration.

The Arctic Group is one of North America's largest ice companies with operations that encompass all the major markets in Canada and service a substantial segment of the United States with annual revenues of approximately $85 million.

The Arctic Group is building an internationally recognized ice company by producing and marketing high-quality products, and by following a focused acquisition and consolidation strategy in geographically contiguous markets.

For further information, call The Arctic Group Inc. TOLL FREE at 1-888-573-9237 or visit The Arctic Group's Web Site at - http://www.arcticgroup.com.

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