ARCTIC GLACIER TO HOLD FOURTH QUARTER AND YEAR END RESULTS CONFERENCE CALL AND WEBCAST

Fund to release 2004 Q4 & year-end results March 24

Winnipeg, March 14, 2005 – Arctic Glacier Income Fund (TSX:AG) today announced it will hold a live webcast of a conference call on Thursday, March 24, 2005, at 11 a.m. EDT to discuss the Fund’s 2004 fourth quarter and year end results.

The results will be released the same day before markets open.

The event will be hosted by Robert Nagy, President and Chief Executive Officer, and Keith McMahon, Executive Vice President and Chief Financial Officer.

To listen to the webcast, visit the Fund’s investor website at www.arcticglacier.com or dial 416-640-4127 or 1-800-814-4857.

An audio replay of the conference call will be available until midnight on Thursday, March 31, 2005. To access it, dial 416-640-1917 or 1-877-289-8525 and enter passcode 21117139#.

Arctic Glacier Income Fund, through its operating company, Arctic Glacier Inc., is a leading producer, marketer and distributor of high-quality packaged ice in North America under the brand name of Arctic Glacier® Premium Ice. Arctic Glacier operates 24 production plants and 39 distribution facilities across Canada and the central and northeastern United States, servicing more than 50,000 retail accounts.

Arctic Glacier Income Fund trust units are listed on the Toronto Stock Exchange under the trading symbol AG.UN. There are 23.4 million trust units outstanding.

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Contact Information

Robert Nagy, President & CEO or Keith McMahon, Executive VP & Chief Financial Officer

Toll-free investor relations phone: 1-888-573-9237.