GLOBAL INCOME FUND ANNOUNCES AVAILABILITY OF FIRST QUARTER PROFILE SHEET

New York (April 24, 2008) – Global Income Fund, Inc. (SYMBOL: GIFD) today announced that the Fund’s profile sheet for the first quarter of 2008 is available on its website, www.GlobalIncomeFund.net.

The primary investment objective of Global Income Fund, Inc. is to provide for its shareholders a high level of income, with capital appreciation as a secondary objective. The Fund pursues its objectives by investing primarily in a global portfolio of investment grade fixed income securities and closed end funds that invest significantly in income producing securities. More information about the Fund may be obtained at www.GlobalIncomeFund.net.

As previously announced, the Fund made a quarterly dividend distribution of $0.06 per share for the quarter ending March 31, 2008. Under the current managed distribution policy, distributions of approximately 5% of the Fund’s net asset value per share on an annual basis are paid primarily from ordinary income and any net capital gains, with the balance representing return of capital. As of the date of the prior announcement, the majority, and possibly all, of that distribution of $0.06 per share was comprised of ordinary income. That was only an estimate based on information available at that time and is subject to change. Actual amounts may be re-characterized for tax purposes after year end 2008.

The Fund is managed by CEF Advisers, Inc., a subsidiary of Winmill & Co. Incorporated, which is engaged through subsidiaries in stock market and gold investing through its investment management of equity and gold mutual funds, and closed end funds. More information about the Fund may be obtained at www.globalincomefund.net.