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Cargojet Income Fund Announces Timing of Annual General Meeting and First Quarter 2007 Results

April 23, 2007

Cargojet Income Fund (the "Fund") (TSX: CJT.UN) announced today the Annual and Special meeting of Unitholders of Cargojet Income Fund will be held at the TSX Gallery, the Exchange Tower, 130 King Street West, Toronto, Ontario on Tuesday, May 8, 2007 at 4:00 p.m. EST.

First Quarter 2007 Results will be filed with SEDAR and posted on the Fund’s website on Monday, May 7, 2007 at www.cargojet.com. Management will also be reviewing First Quarter 2007 results at this meeting.

Cargojet Holdings Ltd. is Canada’s leading provider of time sensitive overnight air cargo service. Cargojet operates its network from coast to coast transporting over 500,000 pounds (226.8 tonnes) of volumetric time sensitive air cargo to thirteen major cities in Canada each business night.

For further information, please contact:

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


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