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SKEL.V ·

Glacier Lake Confirms Effective Date FOR Share Consolidation

Corporate Actions

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 CONFIRMS EFFECTIVE DATE FOR SHARE CONSOLIDATION

Vancouver, B.C. February 19 , 2019 – Glacier Lake Resources Inc. TSXV: GLI – (“Glacier” or the

“Company”) announces that the Company’s common share capital will be consolidated on a ten-for-one-

basis (the “ Consolidation”) effective at the close of business on February 20, 2019. The Company’s

common shares will trade on a post -consolidated basis effective at the opening of m arkets on February

21, 2019. The Company currently has 52,257,723 common shares outstanding, and following completion

of the Consolidation it is expected that the Company will have approximately 5,225,772 share

outstanding. There will be no change to the Company’s ticker symbol in connection with the

Consolidation, and the new post-consolidation CUSIP and ISIN will be 37640A204 and CA37640A2048.

Following the effective date for the Consolidation, registered shareholders can expect to receive a letter

of transmittal from the Company’s transfer agent, Computershare Trust Company of Canada, with

instructions for exchanging their existing physical share certificates for post-Consolidation certificates.

For additional information please feel free to contact:

Saf Dhillon

President/CEO

Glacier Lake Resources Inc.

Tel:866-687-7059

Dir: 604-688-2922

[email protected]

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 an d, 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.