ARCTIC GLACIER INCOME FUND TO HOLD ANNUAL MEETING ON APRIL 28 IN WINNIPEG

WINNIPEG, April 21, 2005 – Arctic Glacier Income Fund (TSX:AG) will hold its Annual General Meeting of unitholders on April 28, 2005 in Winnipeg.

The session will take place in the Wellington Room of the Fairmont Winnipeg Hotel, with proceedings scheduled to begin at 4:00 p.m. CDT.

Following the formal meeting, Robert Nagy, President and Chief Executive Officer, and Keith McMahon, Executive Vice President and Chief Financial Officer, will review the progress and financial performance of the Fund in 2004.

For those unable to attend in person, the meeting will be webcast live on the Fund’s website at www.arcticglacierinc.com. The full proceedings will be streamed with accompanying slides, and will also be archived on the site. Instructions for accessing the event will be provided on the web site.

Arctic Glacier Income Fund, through its operating company, Arctic Glacier Inc., is a leading producer, marketer and distributor of high-quality packaged ice in North America under the brand name of Arctic Glacier® Premium Ice. Arctic Glacier operates 24 production plants and 39 distribution facilities across Canada and the central, midwest and northeastern United States servicing more than 50,000 retail accounts.

Arctic Glacier Income Fund trust units are listed on the Toronto Stock Exchange under the trading symbol AG. There are 23.4 million trust units outstanding.

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Contact Information:

For further information please contact Robert Nagy, President & CEO or Keith McMahon, Executive VP & Chief Financial Officer at Arctic Glacier Inc.

Toll-free investor relations phone: 1-888-573-9237 or log on at www.arcticglacierinc.com