Mr. Gordon Friesen reports

GLACIER LAKE PROVIDES UPDATE ON OPTION IN MUTOKO BELT

Glacier Lake Resources Inc. has elected not to proceed with the previously announced property option and joint venture agreement with Milmath Mining Company in respect of a series of mineral tenures located in the Mutoko belt in Zimbabwe.

The company has not advanced any funds or issued any securities to the vendor pursuant to the option agreement, and has not assumed any continuing obligations related to the mineral tenures.

We seek Safe Harbor.