Cargojet Income Fund Announces Timing of Annual General Meeting



    TORONTO, June 3 /CNW/ - 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 Wednesday, June 18, 2008 at 3:00 p.m. EST.

    Cargojet is Canada's leading provider of time sensitive overnight air
cargo services. Cargojet operates its network across North America,
transporting over 840,000 pounds of time sensitive air cargo each business
night, utilizing a fleet of thirty-five all cargo aircraft.

    Notice on Forward Looking Statements:
    -------------------------------------
    Certain statements contained herein constitute "forward-looking
statements". Forward-looking statements look into the future and provide an
opinion as to the effect of certain events and trends on the business.
Forward-looking statements may include words such as "plans," "intends,"
"anticipates," "should," "estimates," "expects," "believes," "indicates,"
"targeting," "suggests" and similar expressions. These forward-looking
statements are based on current expectations and entail various risks and
uncertainties. Actual results may materially differ from expectations, if
known and unknown risks or uncertainties affect our business, or if our
estimates or assumptions prove inaccurate. The issuer assumes no obligation to
update or revise any forward-looking statement, whether as a result of new
information, future events or any other reason.

    %SEDAR: 00022068E




For further information:

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


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