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SKEL.V ·

Glacier Lake to Complete Private Placement

Financings

Suite 2000, Oceanic Plaza, 1066 West Hastings Street, Vancouver, British Columbia, V6E 3X1

O: 604-688-2922 TF: 866-687-7059 www.glacierlake.ca

GLACIER LAKE TO COMPLETE PRIVATE PLACEMENT

Vancouver, British Columbia – December 18, 2017 – Glacier Lake Resources Inc. TSXV: GLI – (the

“Company”) is pleased to announce that it intends to conduct a non-brokered private placement for

gross proceeds of up to $650,000 through the issuance of non-flow-through units (the “Non-Flow-

Through Units”) at a price of $0.06 per Non-Flow-Through Unit, and flow-through units (the “Flow-

Through Units”) at a price of $0.08 per Flow-Through Unit. Each Non-Flow-Through Unit will consist of

one common share of the Company and one common share purchase warrant entitling the holder to

purchase one additional share at a price of $0.15 for a period of twenty-four (24) months. Each Flow-

Through Unit is comprised of one common share and one common share purchase warrant entitling the

holder to purchase one additional share at a price of $0.15 for a period of twenty-four (24) months.

The Company anticipates utilizing the proceeds of the private placement for a planned drill program on

its Silver Vista project located near Smithers, British Columbia, and for general working capital purposes.

In connection with the private placement, the Company may pay finder’s fees to eligible persons

introducing subscribers to the Company. All securities issued in connection with the private placement

will be subject to a four-month-and-one-day statutory hold period. C losing of the private placement

remains subject to final approval of the TSX Venture Exchange.

On behalf of the Board of Directors

GLACIER LAKE RESOURCES INC.

Saf Dhillon

President, Chief Executive Officer, Director

FOR ADDITIONAL INFORMATION PLEASE 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 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.