Q1 2016_Layout 1 16-05-11 5:33 AM Page 1 fast facts GLAC IER GLACIER INVESTOR RELATIONS | MARCH 31, 2016 MEDIA GROUP OUTLOOK FarmZilla.com | Powering Canada’s farm marketplace OPERATIONAL Glacier Media completed the first HIGHLIGHTS quarter with stronger results. Adjusted EBITDA increased to $8.2 million for the lacier FarmMedia's (GFM) innovative new classified aggre - ENERGY period ended March 31, 2016 compared gator site had its soft launched in early March , delivering a The JuneWarren-Nickle's Energy to $6.9 million for the same period in the Gnew level of convenience and unprecedented reach to Cana - Group (JWN) launched its latest web prior year, a gain of 19.0%. Both of the dian and U.S. farmers looking for equipment to work on their farms. offering, www.jwnenergy.com, as a Company’s operating segments, "It's designed to be a time-saving one-stop shop for busy farmers key platform in its ongoing evolution. business information and community everywhere," says GFM's Senior Director of Product Development, The new JWN site is intended to media, experienced increases compared Jeff Coleman. "We want FarmZilla to be farmers' single source for all to the same period in the prior year. create better marketing pathways to their equipment needs bringing dealer and “for sale by owner” In particular, Glacier FarmMedia, Real the group's various paid products classifieds listings to one destination. Our goal is to make the site as Estate Weekly, Specialty Technical and services, such as the Daily Oil Publishers, community media operations fast as possible, and offer the different alerts farmers need . " Bulletin, CanOils, Evaluate Energy in Rhode Island and the Lower Mainland FarmZilla currently includes AgDealer, Alberta Farmer Express, and and various events and conferences, of B.C. and certain printing operations The Western Producer listings , but will expand as development as well as build global traffic. generated EBITDA gains. The impact of continues, to consolidate all existing classified sites into a single the global energy downturn continues to platform, with the ability to add other publishers across North WEATHER weigh negatively on Glacier’s energy- America and thus compete in the ever-expanding North American The Weather INnovations Group related products and services, in both equipment classified space. (WIN), based in Chatham, ON, business information and community "We've heard from farmers loud and clear. They want us to help secured a major contract in the UK. media operating in Western Canada. them save time and money. That's exactly what FarmZilla will do .” The contract will see WIN install 30 high-tech weather monitoring stations in various locations in GLACIER MEDIA | FINANCIAL RESULTS England, as well as provide ongoing maintenance and data management For the period ended March 31, Adjusted results for the three months ended March 31, For the year ended December 31, services for the agricultural sector. (Thousands of dollars) except share and per share amounts 2016 (1) 2015 (1) (Thousands of dollars) except share and per share amounts Adjusted 2015 (1) Adjusted 2014 (1)(2) Revenue $ 58,521 $ 65,802 Revenue $ 260,033 $ 288,191 MINING EBITDA $ 8,207 $ 6,898 EBITDA $ 32,100 $ 44,151 The Northern Miner Group (NMG) will EBITDA per share $ 0.09 $ 0.08 EBITDA per share $ 0.36 $ 0.50 give the Canadian mining sector a global platform in London, England, EBITDA margin 14.0% 10.5% EBITDA margin 12.3% 15.3% next spring. (3) (3) Cash flow from operations before non-recurring items $ 6,950 $ 6,870 Cash flow from operations before non-recurring items $ 29,247 $ 44,082 NMG’s management is working with Cash flow from operations per share (3) $ 0.08 $ 0.08 Cash flow from operations per share (3) $ 0.33 $ 0.49 various government agencies and mining industry stakeholders to Debt to EBITDA (4) 2.1x 1.9x Debt to EBITDA (4) 2.4x 1.9x stage a "Canada Day" during which (1) Results are presented on an adjusted basis, and include the Company’s share of revenue, expenses, assets and liabilities from its joint venture operations. For more detailed financials and to access all of Glacier Media's filings please visit: www.glaciermedia.ca/investors. NMG will profile the best prospects (2) Results are presented excluding the results for the business information assets that were sold subsequent to year end and which are presented as discontinued operations in 2014. (3) Cash flow from operations is before non-recurring items. for the global investment community. (4) Calculated as consolidated debt net of cash outstanding before deferred financing. EVOLVE • ENRICH • EXTEND | GLACIERMEDIA.CA.