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Glacier Media Inc. (“Glacier” or the “Company”) announces that Tim McElvaine has resigned from the Board of Directors effective today.

Mr. McElvaine manages The McElvaine Investment Trust (the “Trust”), which owns 4 million common shares of the Company. The Trust has recently commenced issuing units publicly under prospectus. As part of this process Mr. McElvaine was required to step down as a director of Glacier by December 31, 2019.

Shares in Glacier are traded on the Toronto Stock Exchange under the symbol GVC.

For further information please contact Mr. Orest Smysnuik, Chief Financial Officer, at 604-708-3264.