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SKEL.V ·

Glacier Lake Welcomes New Board Member and Confirms Results of Special Meeting

Management Changes Shareholder Meetings

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 WELCOMES NEW BOARD MEMBER

AND CONFIRMS RESULTS OF SPECIAL MEETING

Vancouver, B.C. December 2 1st, 2018 – Glacier Lake Resources Inc. TSXV: GLI – (“Glacier” or the

“Company”) is pleased to announce that Mr. Johan Grandin has joined the board of directors. Johan

Grandin is a well experienced mineral exploration financier and exploration company executive. Working

with public companies for over 25-years, Johan has a proven track record of raising venture capital as well

as extensive expertise in corporate f inancial restructuring and capital markets. Through his past officer

and director positions for various public issuers, he has the knowhow to streamline growth initiatives and

increase shareholder value., Johan holds a M.Sc. degree in Business Economics an d Engineering Physics

from Uppsala University, Sweden.

Johan replaces Mr. Michael Withrow who is resigning from the Company’s board of directors , effective

immediately, in order to dedicate his time to developing his main projects . The Company sincerely

appreciates Mr. Withrow’s efforts and wishes him the very best in the future.

The Company also is pleased to report th at all matters presented at its special meeting of shareholders

held on Monday, December 17, 2018 , were approved. At the meeting, shareholders of the Company

authorized the consolidation of the Company’s authorized share capital on up to a twenty-for-one basis.

The board of directors of the Company has not yet resolved to proceed with the consolidation, and will

provide additional details once a decision has been reached and final consolidation ratio determined. The

consolidation is being completed in order to make the capital structure of the Company more attractive

for financing. Completion of any consolidation remains subject to the approval of the TSX Venture

Exchange.

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

Suite 1588 – Canaccord Tower, 609 Granville Street, Vancouver, BC V7Y 1G5

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

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.