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April 24, 2008

Icicle Seafoods to Acquire Smoki Foods

Transaction Will Provide Substantially Expanded Access to Seafood Resources and Broader
and Deeper Product Mix

Seattle, WA

Icicle Seafoods, Inc., a diversified seafood harvesting and processing company, today announced that it has entered into a definitive agreement to acquire Smoki Foods, a processor of fresh and frozen seafood, along with its subsidiaries, American Gold Seafoods, the only US owned and operated salmon farming company, and Cypress Island Seafoods, a processing plant in Blaine, Washington.

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