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Cargojet Income Fund Announces Timing of Second Quarter 2005 Results & Conference Call

MISSISSAUGA, August 02/CNW/ - Cargojet Income Fund (the “Fund”) (TSX: CJT.UN) In conjunction with the release of its Second Quarter 2005 Financial Results, will host a conference call at 2:00 p.m. Eastern Daylight Time, (11:00 a.m.) Pacific Daylight on Monday, August 15, 2005.

Ajay K. Virmani, President and Chief Executive Officer and Dan Mills, Chief Financial Officer of Cargojet will review second quarter financial results and corporate developments. The financial results will be released by newswire on the morning of August 15, 2005 by 11:00A.

To participate in this conference call, please dial the following number(s) approximately five minutes prior to the commencement of the call:

Local Number: 416 340 8010
Toll free Number: 1 866 540 8136

Please state you are participating in the Cargojet Income Fund Conference Call.

Should you be unable to participate, an Instant Replay will be available
until August 31, 2005 by dialing:

Local Number: 416 695 5800
Toll Free Number:1 800 408 3053
Access Code: 3159953

We look forward to having you participate in our call.

For further information: Pauline Dhillon, VP Marketing, Public & Government Relations, Cargojet Income Fund (905) 501 7373 or email pdhillon@cargojet.com.