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Cargojet Announces Timing of Second Quarter Conference Call

August 9, 2006

Cargojet Income Fund (the "Fund") (TSX: CJT.UN) announced today, with respect to the release of its Second Quarter 2006 Financial Results, that it will host a conference call on Monday August 14 at 2:00p.m. Eastern Standard Time and 11:00a.m. Pacific Daylight Time.

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 now be released by newswire on the evening of August 11, 2006.

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

Local Number: 416 641 6112
Toll Free Number: 1 866 226 1799

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
Thursday, August 31, 2006 by dialing:

Local Number: 416 695 5800
Toll Free Number: 1 800 408 3053
Access Code: 3193270#

We look forward to having you participate in our call.

P. Dhillon
Vice President Marketing, Public & Government Relations
Tel: (905) 501 7373
pdhillon@cargojet.com