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Cargojet Income Fund Announces Timing of First Quarter 2008 Results & Conference Call

April 28, 2008

Cargojet Income Fund (the "Fund") (TSX: CJT.UN) Cargojet in conjunction with the release of its First Quarter 2008 Financial Results, will host a conference call at 2:00p.m. Eastern Daylight Time (11:00 a.m. Pacific Daylight) on Tuesday, May 13, 2008.

Ajay K. Virmani, President and Chief Executive Officer and Dan Mills, Chief Financial Officer of Cargojet will review first quarter financial results and corporate developments. The financial results will now be released by newswire on the morning of Tuesday, May 13, 2008 on SEDAR as well as on the Fund’s website at www.cargojet.com.

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

   Local Number: 416 695 9761
   Toll Free Number: 1 888 789 0089

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 Tuesday, May 27, 2008 by dialing:

   Local Number: 416 695 5800
   Toll Free Number: 1 800 408 3053
   Access Code: 3259249#

We look forward to having you participate in our call.

For further information, please contact:

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