Q2 2004 Report - for the period ended June 30, 2004

Q2 2004 Report - for the period ended June 30, 2004

Report to Shareholders

GLACIER  VENTURES  INTERNATIONAL  CORP.  reported  consolidated  cash  flow  from  operating activities (before changes in non-cash operating accounts) of $1.9 million for the three months ended June 30, 2004, as compared to $1.7 million for the same period last year.