April 4, 2023  Mississauga, ONT – Cargojet Inc (TSX: CJT.UN) in conjunction with the release of its First quarter results, will host a conference call at 8:30a.m. Eastern Standard Time (5:30a.m. Pacific Daylight Time) on Monday May 1, 2023.  First quarter will be released, prior to the market opening on Monday, May 1, 2023.  The financial results will be released by newswire as well as filed with SEDAR.  The results will also be available on our website.

Ajay K. Virmani, President and Chief Executive Officer, Scott Calver Chief Financial Officer, Jamie Porteous Chief Strategy Officer, Pauline Dhillon Chief Corporate Officer and Sanjeev Maini VP of Finance of Cargojet will review first  quarter financial results and corporate developments.

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

                              Local Number:                  416 340 2217

                              Toll Free Number:            1 800 806 5484

                             Participant Passcode:     7200638#

Should you be unable to participate, an instant replay will be available until

Thursday, April 6, 2023 by dialing:

                              Local Number:                   905 694 9451

                              Toll Free Number:            1 800 408 3053

                              Access Code:                     4760240#

For any one- on- one calls please contact Scott Calver to coordinate timing.  We look forward to having you participate in our call.

Pauline Dhillon

Chief Corporate Officer

Tel: (905) 501 7373 or pdhillon@cargojet.com

Mississauga, ON, March 15, 2023 – the Board of Directors of Cargojet Inc. has declared a cash dividend of $0.2860 per common voting share and variable voting share for the period from January 1, 2023 to March 31, 2023. The record date for determining shareholders of the Corporation entitled to receive payment of the dividend of the Corporation shall be March 20, 2023 and the payment date for such dividend shall be on or before April 5, 2023. These dividends will be eligible dividends within the meaning of the Income Tax Act (Canada).

Cargojet is Canada’s leading provider of time sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI and International Charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 39 aircraft.

For further information, please contact:

Pauline Dhillon
Chief Corporate Officer
Tel: (905) 501-7373

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.