MSA Mesa Exploration Corp

NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Cargojet Inc. ("Cargojet" or the "Corporation") (TSX:CJT)(TSX:CJT.A) is pleased
to announce that it has closed its previously announced offering of C$67 million
aggregate principal amount of convertible unsecured subordinated debentures due
June 30, 2019 (the "Debentures") at a price of $1,000 per Debenture. Cargojet is
also pleased to announce that the syndicate of underwriters led by RBC Capital
Markets has exercised its option to purchase an additional C$7 million principal
amount of Debentures for aggregate gross proceeds to Cargojet from the offering
of C$74 million.


The Debentures are subordinated, unsecured obligations of Cargojet and bear
interest at a rate of 5.50% per annum, payable semi-annually in arrears on June
30 and December 31 of each year, commencing December 31, 2014. The Debentures
are convertible at any time at the option of holders into common voting shares
or variable voting shares, as applicable, at a conversion price of C$28.75 per
share.


Cargojet intends to use the approximate C$71 million net proceeds of the
offering to finance a portion of the expansion of its domestic air cargo network
related to its recently awarded contract with the Canada Post Corporation and
Purolator Inc. ("MSA").


The securities issued pursuant to the offering have not been and will not be
registered under the U.S. Securities Act of 1933, as amended, and may not be
offered or sold in the United States absent registration or an applicable
exemption from the registration requirements of such Act. This news release
shall not constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of the securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful.


Cargojet is Canada's leading provider of time sensitive overnight air cargo
services and carries over 750,000 pounds of cargo each business night. Cargojet
operates its network across North America each business night, utilizing a fleet
of all-cargo aircraft.


Notice on Forward Looking Statements:

Certain statements contained herein, including statements related to use of net
proceeds of the offering and the expansion of the Corporation's domestic air
cargo network related to the MSA, 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 "will", "may", "plans," "intends," "anticipates,"
"should," "estimates," "expects," "believes," "indicates," "targeting,"
"suggests" and similar expressions. These forward-looking statements are based
on current assumptions and expectations of management and entail various risks
and uncertainties. Factors that could cause results to differ materially from
those contemplated or implied by the forward-looking statements include:
economic or financial conditions in North America and the financial markets,
including fluctuations in interest rates as well as failure to realize the
benefits under the MSA. Reference should be made to the Corporation's public
filings 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 Corporation 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 Corporation 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Cargojet Inc.
P. Dhillon
Vice President Marketing, Public & Government Relations
(905) 501 7373
pdhillon@cargojet.com

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