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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, British Columbia – December 3, 2019 – Glacier Lake Resources Inc. (TSXV: GLI) (the

“Company”) announces that effective at the close of business of December 4, 2019 it will consolidate

(the “Consolidation”) its outstanding common share capital on the basis of one post-Consolidation

common share for every two currently outstanding common shares.

Effective at the opening of markets on December 5, 2019, the common shares of the Company will

commence trading on a post-Consolidation basis under the existing ticker symbol “GLI”.

Upon completion of the Consolidation it is anticipated that the Company will have approximately

2,662,886 common shares outstanding. N o 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. R egistered holders of common shares of the Company will receive a

letter of transmittal from Computershare Investor Services Inc. with instructions on how to exchange

existing share certificates for new post-Consolidation share certificates.

For additional information please feel free to contact:

Saf Dhillon, Chief Executive Officer

Glacier Lake Resources Inc.

Tel:866-687-7059

Dir: 604-688-2922

[email protected]

Please visit our Website at: www.glacierlake.ca

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 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.