Cargojet Income Fund Announces Timing of Second Quarter 2007 Results & Conference Call

MISSISSAUGA, July 24 - Cargojet Income Fund (TSX: CJT.UN) In conjunction with the release of its Second Quarter 2007 Financial Results, will host a conference call at 3:00 p.m. Eastern Daylight Time, (12:00 p.m.) Pacific Daylight on Monday, August 13, 2007.

Ajay K. Virmani, President and Chief Executive Officer and Wade Morrell, Chief Financial Officer of Cargojet will review second quarter financial results and corporate developments. The financial results will be released by newswire in the morning of August 13, 2007.

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 2218
Toll free Number: 1 866 862 3908

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 Friday, August 24, 2007 by dialing:

Local Number: 416 695 5800
Toll Free Number:1 800 408 3053
Access Code: 3230585#

We look forward to having you participate in our call.

For further information: Please visit our website at www.cargojetincomefund.com or contact Pauline Dhillon, VP Marketing, Public & Government Relations, Cargojet Income Fund (905) 501 7373 or email pdhillon@cargojet.com.