ARCTIC GLACIER ANNOUNCES NOVEMBER 2007 CASH DISTRIBUTION

WINNIPEG, November 16, 2007 – Arctic Glacier Income Fund (TSX:AG.UN) today announced a cash distribution for November 2007 of $0.0917 per trust unit. The distribution will be payable on
December 14, 2007 to unitholders of record at the close of business on November 30, 2007. The Fund’s current annualized cash distribution rate is $1.10 per unit.

Arctic Glacier Income Fund’s policy is to pay monthly distributions to unitholders of record on the last business day of the month.

Holders of units who are non-residents of Canada will be subject to withholding taxes in respect of any distributions by Arctic Glacier Income Fund.

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 37 production plants and 53 distribution facilities across Canada and the northeast, central and western United States servicing more than 70,000 retail accounts.

Arctic Glacier Income Fund trust units are listed on the Toronto Stock Exchange under the trading symbol AG.UN. There are 38.9 million trust units outstanding.

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Contact Information
Keith McMahon, President & CEO
Doug Bailey, Chief Financial Officer
Toll free investor relations phone: 1-888-573-9237

www.arcticglacierinc.com

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