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Cargojet Income Fund Announces Timing of Second Quarter 2009 Results & Conference Call

July 22, 2009

MISSISSAUGA - Cargojet Income Fund  (TSX: CJT.UN) in conjunction with the release of its Second Quarter 2009 Financial Results, will host a conference call at 2:00 p.m. Eastern Standard Time, (11:00 a.m.) Pacific Daylight on Monday, August 17, 2009.

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 Friday, August 14, 2009.

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 6623
                    Toll free Number:             1 800 952 6845

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 Monday, August 31, 2009 by dialing:

                   Local Number:                 416 695 5800
                   Toll Free Number:            1 800 408 3053
                   Access Code:                 6541377#

For further information:

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