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

    TORONTO, July 29 /CNW/ - Cargojet Income Fund (the "Fund") (TSX: CJT.UN)
Cargojet In conjunction with the release of its Second Quarter 2008 Financial
Results, will host a conference call at 2:30 p.m. Eastern Daylight Time,
(11:30 a.m.) Pacific Daylight on Tuesday, August 12, 2008.
    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 on
the morning of August 12, 2008 on SEDAR as well as on the Fund's website at
    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
    Should you be unable to participate, an Instant Replay will be available
until Tuesday, August 26, 2008 by dialing:

                 Local Number:     416 695 5800
                 Toll Free Number: 1 800 408 3053
                 Access Code:      3267739

    We look forward to having you participate in our call.

    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. Reference should be made to the issuer's most recent Annual
Information Form filed with the Canadian securities regulators, and its most
recent Annual Consolidated Financial Statements and Quarterly Financial
Statements and Notes thereto and related Management's Discussion and Analysis
(MD&A), for a summary of major risks. 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,
other than as required by applicable securities laws. In the event the issuer
does update any forward-looking statement, no inference should be made that
the issuer will make additional updates with respect to that statement,
related matters, or any other forward-looking statement.

    %SEDAR: 00022068E

For further information:

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

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