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Ice Sculptures
 

ARCTIC GLACIER TO HOLD FIRST QUARTER RESULTS CONFERENCE CALL AND WEBCAST

Winnipeg, May 5, 2006 – Arctic Glacier Income Fund (TSX:AG.UN) today announced it will hold a live webcast of a conference call on Tuesday, May 16, 2006, at 11 a.m. EDT to discuss the Fund’s 2006 first quarter results.

The results will be released on May 15, 2006 after market close.

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
416-644-3434 or 1-866-250-4907.

An audio replay of the conference call will be available until midnight on Wednesday, August 16, 2006. To access it, dial 416-640-1917 or 1-877-289-8525 and enter passcode 21188468#.

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 26 production plants and 41 distribution facilities across Canada and the central, midwest and northeastern United States servicing more than 53,000 retail accounts.

Arctic Glacier Income Fund trust units are listed on the Toronto Stock Exchange under the trading symbol AG.UN. There are 27.9 million trust units outstanding.

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Contact Information

For further information please contact Robert Nagy, President & CEO or Keith McMahon, Executive VP & Chief Financial Officer at Arctic Glacier Income Fund.
Phone: Toll free: 1-888-573-9237 or logon at www.arcticglacier.com

The Toronto Stock Exchange does not approve or disapprove of the adequacy or accuracy of this release.