Arctic Glacier Announces May 2008 Cash Distribution

Market Wire, May, 2008

Arctic Glacier Income Fund (TSX: AG.UN) today announced a cash distribution for May 2008 of $0.0917 per trust unit. The distribution will be payable on June 13, 2008 to unitholders of record at the close of business on May 30, 2008. The Fund's current annualized cash distribution rate is $1.10 per unit.

Arctic Glacier Income Fund's policy is to pay monthly distributions to unitholders of record on the last business day of the month.

Holders of units who are non-residents of Canada will be subject to withholding taxes in respect of any distributions by Arctic Glacier Income Fund.

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, primarily under the brand name of Arctic Glacier® Premium Ice. Arctic Glacier operates 38 production plants and 51 distribution facilities across Canada and the northeast, central and western United States servicing more than 75,000 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.

The 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: 1-888-573-9237 Arctic Glacier Income Fund Doug Bailey Chief Financial Officer Toll Free Investor Relations: 1-888-573-9237 Website: www.arcticglacierinc.com