Glacier Lake Provids Update ON Option IN Mutoko Belt

GLACIER LAKE PROVIDS UPDATE ON OPTION IN MUTOKO BELT

Vancouver, British Columbia – October 17, 2023 – Glacier Lake Resources Inc. (TSXV: GLI)

(the “Company”) announces that it has elected not to proceed with the previously announced

property option and joint venture agreement (the “Option Agreement ”) with Milmath Mining

Company (the “Vendor”) in respect of a series of mineral tenures located in the Mutoko Belt in

Zimbabwe.

The Company has not advanced any funds or issued any securities to the Vendor pursuant to the

Option Agreement and has not assumed any ongoing obligations related to the mineral tenures.

For additional information please feel free to contact:

Gordon Friesen, Director

Glacier Lake Resources Inc.

Tel: 604-889-1241

Email: [email protected]

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.

Forward Looking Information

Information set forth in this document may include forward-looking statements. While these statements reflect

management's current plans, projections and intents, by their nature, forward-looking statements are subject to

numerous risks and uncertainties, some of which are beyond the control of the Company. Readers are cautioned that

the assumptions used in the preparation of such information, although considered reasonable at the time of preparation,

may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements.

There is no assurance the transactions noted above will be completed on the terms as contemplated, or at all. The

Company’s actual results, programs, activities and financial position could differ materially from those expressed in or

implied by these forward-looking statements.