ARCTIC GLACIER INCOME FUND TO HOLD Q4 AND YEAR END CONFERENCE CALL
Company to release Q4 and year end results on March 24

WINNIPEG, March 18, 2003 - Arctic Glacier Income Fund (TSX:AG.UN) today announced that it plans to release fourth quarter and year end results for 2002 on Monday, March 24, 2003 after market close.

Management will hold a live webcast on Tuesday, March 25, 2003 at 11 a.m. EDT to discuss the company's fourth quarter and year end results.

The event will be hosted by Robert Nagy, Chairman and Chief Executive Officer and Keith McMahon, Chief Financial Officer.

To access the webcast, please visit the company's investor website at www.arcticglacierinc.com or www.cdn-news.com Participants will require Windows Media PlayerTM, which can be downloaded prior to accessing the call.

Arctic Glacier Income Fund, through its operating company, Arctic Glacier Inc., is a leading producer, marketer and distributor of high-quality packaged ice to consumers in Canada and the United States under the brand name of Arctic Glacier® Premium Ice. Arctic Glacier operates 16 production plants and 35 distribution facilities across Canada and the central United States servicing 35,000 retail accounts.

Arctic Glacier Income Fund trust units are listed on the Toronto Stock Exchange under the trading symbol AG.UN. There are 15.66 million trust units outstanding.

Contact Information
For further information, call Arctic Glacier Inc. TOLL FREE at 1-888-573-9237 or visit the Arctic Glacier Web Site at www.arcticglacierinc.com

(Signed) On behalf of the Board of Trustees of Arctic Glacier Income Fund, Robert Nagy, Chairman & CEO.

The Toronto Stock Exchange does not approve or disapprove of the adequacy or accuracy of this release.