GLOBAL RAILWAY TO RELEASE 2007 Q3  FINANCIAL RESULTS AFTER MARKET CLOSE ON MONDAY NOVEMBER 12, 2007
 
Investor Conference Call on Tuesday November 13, 2007 at 11AM ET

Pittsford, NY – October 26, 2007 - 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 third quarter financial results for the three-month and nine-month periods ending September 30, 2007, after market close on Monday November 12, 2007.
   
A conference call to review the 2007 third quarter financial results will take place on Tuesday November 13, 2007 at 11AM ET.
   
Mr. Terry McManaman, Chairman, President & 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 third quarter financial results and update on the Company's operations and growth strategies.

To listen and/or participate in this conference call, please dial 1-800-733-7560 (from Toronto: 416-644-3423) 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 2:00 PM ET, Tuesday November 13, 2007, until 11:59 PM ET, Wednesday November 21, 2007. Please dial 1-877-289-8525 (from Toronto: 416-640-1917) and enter the reservation number 21251347 followed by the “pound sign” to listen to the rebroadcast.
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.

Company Contact:

Terry McManaman

Chairman, President& CEO

Tel: 585-419-9709

E-mail: [email protected]

Web: www.globalrailway.com