Glacier Lake Cancels Silver Vista Projectand Announces Consolidation Ratio
Suite 1588 – Canaccord Financial Tower, 609 Granville Street, Vancouver, BC V7Y 1G5
O: 604-688-2922 TF: 866-687-7059 www.glacierlake.ca
GLACIER LAKE CANCELS SILVER VISTA PROJECTAND ANNOUNCES CONSOLIDATION RATIO
Vancouver, B.C. January 28, 2019 – Glacier Lake Resources Inc. TSXV: GLI – (“Glacier” or the
“Company”) announces that it has elected not to proceed with the Silver Vista project, and that the
project will be returned to its underlying owners. The Company has elected not to proceed with the
project at this time due to unfavourable market conditions and plans to refocus its resources on other
projects.
The Company also announces that its’ board of directors has resolved to proceed with the share
consolidation approved by shareholders at the special meeting held on December 17, 2018. The board
has elected to proceed with a consolidation ratio of one post-consolidation share for every ten pre-
consolidation shares outstanding. Completion of the consolidation remains subject to the approval of
the TSX Venture Exchange, and the Company will issue a further news release prior to the consolidation
taking effect. F ollowing completion of the consolidation the Company will have approximately
5,225,772 common shares outstanding.
For additional information please feel free to contact:
Saf Dhillon
President/CEO
Glacier Lake Resources Inc.
Tel:866-687-7059
Dir: 604-688-2922
Please visit our Website at: www.glacierlake.ca
Neither 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 include forward-looking
statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be
considered forward looking. Although the Company believes the expectations expressed in such forward -looking statements are
based on reasonable assumptions, such statements are not guarantees of future performance and actual results or
developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include market prices, continued availability of capital and financing, and
general economic, market or business conditions. There can be no assurances that such statements will prove accurate and,
therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update
any forward-looking statements except as required under the applicable laws.