Glacier Lake Announces Effective Date Of Name Change to “Skeleton Coast Uranium Corp.” and Share Consolidation
Glacier Lake Announces Effective Date Of
Name Change to “Skeleton Coast Uranium Corp.”
and Share Consolidation
Vancouver, British Columbia – March 3, 2026 – Glacier Lake Resources Inc. (TSXV: GLI) (OTC: GLIIF) (FSE:
KDM) (the “ Company”) announces that effective at the close of business on March 4, 2026 it will
consolidate its common share capital on a 1 for 2.4 basis (the “ Consolidation”) and change its name to
“Skeleton Coast Uranium Corp.” Effective at the open of markets on March 5, 2026, the common shares of
the Company will commence trading on a post-Consolidation basis under the new name and ticker symbol
“SKEL” and new CUSIP 83058E106.
The Company currently has 25,447,554 common shares outstanding and following completion of the
Consolidation it is expected that the Company will have approximately 10,603,147 shares outstanding.
No fractional shares will be issued in connection with the Consolidation. Shareholders who would otherwise
be entitled to receive a fraction of a common share will be rounded to the nearest whole number of
common shares and no cash consideration will be paid in respect of fractional shares. Registered holders
of common shares of the Company will receive a letter of transmittal from Computershare Trust Company
of Canada with instructions on how to exchange existing share certificates for new post-Consolidation share
certificates.
On behalf of the Board of Directors
Glacier Lake Resources Inc.
Dr. Nathan Chutas, PhD, CPG
President and Chief Executive Officer
T: (236) 334-1660
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release,
the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar
words or expressions identify forward-looking statements or information. These forward-looking statements or
information may relate to the anticipated completion of the Consolidation, Name Change, including without limitation,
acceptance of the TSX Venture Exchange, and the results of exploration activities in connection with the foregoing and
other factors or information. Such statements represent the Company’s current views with respect to future events
and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the
Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies
and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be
materially different from the results, performance or achievements that are or may be expressed or implied by such
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forward-looking statements. The Company cautions readers that forward-looking statements, including without
limitation, those relating to the Company's future operations and business prospects, are subject to certain risks and
uncertainties that could cause actual results to differ materially from those indicated in the forward-looking
statements, including, without limitation, risks that the Consolidation, Name Change will not be completed as planned
(including, without limitation as a result of inability to obtain TSX Venture Exchange acceptance therefor), and the
exploration results will not be as anticipated. The Company does not intend, and does not assume any obligation, to
update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances
or any other events affecting such statements and information other than as required by applicable laws, rules and
regulations.