Global Railway to Release 2007 Q1 Financial Results After Market Close on Tuesday May 15th, 2007



    Investor Conference Call on Wednesday May 16th, 2007 at 11AM ET.

    Stock Symbol: GBI
    Listing: Toronto Stock Exchange
    Outstanding Shares: 14.9 Million
    Web Site: www.globalrailway.com

    BERWICK, PA, April 26 /CNW/ - Global Railway Industries Ltd., -
(GBI:TSX): Global Railway Industries Ltd., www.globalrailway.com, ("Global" or
the "Company"), a leading North American provider of railway products and
service equipment announced today that the Company will release its 2007 first
quarter financial results for the three-month period ending March 31, 2007,
after market close on Tuesday May 15th, 2007.
    A conference call to review the 2007 first quarter financial results will
take place on Wednesday May 16th, 2007 at 11AM ET.
    Mr. Terry McManaman, President and CEO of Global, Bill Sturtz COO of
Global and Brian McMullan CFO of Global will speak on behalf of the Company. A
question-and-answer forum will follow the review of the 2007 first quarter
financial results and update on the Company's operations and growth
strategies.
    To listen and/or participate in this conference call, please dial
1-800-731-5774 (from Toronto: 416-644-3418) approximately 10 minutes prior to
the beginning of the conference call.
    For those unable to participate in the conference call, a recording of
the conference call will be available from 1:00 PM ET, Wednesday May 16th,
2007, until 11:59 PM ET, Wednesday May 23rd, 2007. Please dial 1-877-289-8525
(from Toronto: 416-640-1917) and enter the reservation number 21228427
followed by the "pound sign" to listen to the rebroadcast.

    Annual General Meeting

    Global's annual general meeting will be held on Wednesday May 16th, 2007
at the TSX Market Gallery, Ground Floor-Exchange Tower, 130 King Street West,
Toronto, Ontario beginning at 3:30 PM ET.

    About Global Railway Industries: Global Railway Industries Ltd. is a
diversified rail product company serving the railway industry in North
America. Global Railway is a public company whose shares are listed for
trading on the Toronto Stock Exchange (TSX) under the symbol "GBI". The
Company has a total of 14.9 million shares outstanding. For more information
visit www.globalrailway.com or www.investorfile.com.

    THIS NEWS RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION. ACTUAL FUTURE
    RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED. THE RISKS,
    UNCERTAINTIES AND OTHER FACTORS, BOTH KNOWN AND UNKNOWN, THAT COULD
    INFLUENCE ACTUAL RESULTS MAY BE SUBSTANTIAL AND INCLUDE THOSE DESCRIBED
    IN DOCUMENTS FILED WITH REGULATORY AUTHORITIES, SUCH AS THE COMPANY'S
    MOST RECENTLY FILED ANNUAL REPORT AND ANNUAL INFORMATION FORM.
    ACCORDINGLY, NO ASSURANCES CAN BE GIVEN THAT ANY OF THE EVENTS
    ANTICIPATED BY THE FORWARD-LOOKING STATEMENTS WILL TRANSPIRE OR OCCUR, OR
    IF ANY OF THEM DO SO, WHAT BENEFITS THE COMPANY WILL DERIVE THEREFROM.

    %SEDAR: 00010076E




For further information:

For further information: Company Contact: Terry McManaman, President &
CEO,  Tel: (570) 802-0366, E-mail: terry.mcmanaman@globalrailway.com, Web:
www.globalrailway.com; Investor Relations: Gerry Wimmer, INVESTORFILE.com,
Tel: (416) 360-8895, Toll Free: 1-888-894-8222, E-mail :
gwimmer@investorfile.com, Web: www.investorfile.com

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