Arctic Glacier to Hold First Quarter 2008 Results Conference Call and Webcast

WINNIPEG, MANITOBA, May 04 (MARKET WIRE) --
Arctic Glacier Income Fund (TSX: AG.UN) today announced it will hold a
live webcast of a conference call on Tuesday, May 13, 2008, at 11 a.m. ET
to discuss the Fund's first quarter 2008 results.

The results will be released the same day prior to the opening of markets.

The event will be hosted by Keith McMahon, President and Chief Executive
Officer, and Doug Bailey, Chief Financial Officer.

To listen to the webcast, visit the Fund's investor website at
www.arcticglacierinc.com or dial toll-free at 1-800-731-5319 or
416-644-3419.

An audio replay of the conference call will be available until midnight
on Tuesday, May 20, 2008. To access it, dial 416-640-1917 or
1-877-289-8525 and enter passcode 21270180#.

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(R)
Premium Ice. Arctic Glacier operates 37 production plants and 51
distribution facilities across Canada and the northeast, central and
western United States servicing more than 70,000 retail accounts.

Arctic Glacier Income Fund trust units are listed on the Toronto Stock
Exchange under the trading symbol AG.UN. There are 38.9 million trust
units outstanding.

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

Contacts:
Arctic Glacier Income Fund
Keith McMahon
President & CEO
Toll free investor relations phone: 1-888-573-9237

Arctic Glacier Income Fund
Doug Bailey
Chief Financial Officer
Toll free investor relations phone: 1-888-573-9237
Website: www.arcticglacierinc.com

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