Mr. Saf Dhillon reports

GLACIER LAKE SIGNS DRILLING CONTRACT FOR SILVER VISTA

Glacier Lake Resources Inc. has signed a contract with Titan Diamond Drilling Ltd. of Smithers, B.C., to undertake 1,500 to 2,500 metres of diamond drilling at the Silver Vista project, northeast of Smithers. Titan is gearing up to mobilize onto the property in early February to commence the program.

The initial drill program will concentrate on the main MR showing, a clastic sediment-hosted, fine-grained, disseminated copper/silver zone. Historical exploration includes soil geochemistry, trenching and diamond drilling in an area of limited outcrop exposure:

• Soil geochemistry in 2009 and 2012 outlined a silver-in-soil anomaly approximately 1.5 kilometres by 2.0 kilometres around the MR prospect area.
• Six 1991 excavator trenches highlighted an area 100 metres long by 17 metres wide, with three of the trenches intersecting mineralized bedrock: trench 2 -- 10.5 metres at 0.22 per cent copper and 38 grams per tonne silver; trench 3 -- 16.5 metres at 0.53 per cent copper and 74 grams per tonne silver; and trench 4 -- 15 metres at 0.53 per cent copper and 28 grams per tonne silver.
• Drilling in 1991 and 1992 consisted of 14 drill holes totalling 1,252.5 metres and identified a semi-continuous zone 300 metres long by 50 metres wide by three metres to 150 metres deep with two of the holes ending in mineralization. Key intercepts include: MR91-01 -- 32.87 metres at 0.19 per cent copper and 34.8 grams per tonne silver; MR91-03 -- 61.91 metres at 0.11 per cent copper and 40.5 grams per tonne silver; MR91-04 -- 25.9 metres at 0.08 per cent copper and 62.6 grams per tonne silver; and MR92-02 -- 36.58 metres at 0.49 per cent copper and 26.8 grams per tonne silver, including 2.84 metres of 3.65 per cent copper and 195.7 grams per tonne silver. MR92-02 represents the only deep hole to test this zone and is a primary drill target for follow-up.

Glacier Lake Resources cautions investors the company has yet to verify the Equity exploration date. Data verification is one of the primary objectives of this drilling program. Further details and sources of information can be found in the Silver Vista National Instrument 43-101 report on the property located under the company's SEDAR profile and on the company's website.

"The company has been diligently preparing for our initial program since we signed the option agreement early in 2017. Now, with our recently announced and oversubscribed financing closed, we're excited about the drilling campaign on our Silver Vista project. The initial drill campaign is expected to be a phase 1, of several, as we explore and test other targets as our project was fully permitted in 2017."

The Mines Act permit (MX-1-987) allows for up to 40 drill sites, 10,000 metres of drilling and 10 trench/pit sites, over a five-year period. The diamond drilling will initially twin some of the 1991 and 1992 holes to confirm the earlier results and extend the mineralization as a number of the holes ended in mineralization. A review of the drilling suggests the geology of the zone is more complicated than previously thought, requiring a tighter drilling pattern in the immediate area of the discovery holes. Some of the drilling will also be directed to test the zone at depth and along strike.

The company has reached an agreement with Amarc Resources Ltd. to utilize assessment credits totalling $13,821 on its Silver Vista project in consideration for the issuance of 70,000 common shares to Amarc. The issuance of the shares remains subject to the approval of the TSX Venture Exchange. Upon issuance, the shares will be subject to a four-month-and-one-day statutory hold period.

The technical content of this news release has been reviewed and approved by R. Tim Henneberry, PGeo, a member of the Glacier Lake advisory board and a qualified person as defined by NI 43-101, Standards of Disclosure for Mineral Projects.

We seek Safe Harbor.