MINNEAPOLIS, January 5, 2007 — Granite City Food & Brewery Ltd. (Nasdaq:GCFB) a Modern American upscale casual restaurant, will be presenting at the 9th Annual ICR XChange Conference on Thursday, January 11, 2007 at 11:50 am Pacific Time (2:50 pm EST). Steve Wagenheim, Chief Executive Officer and President will be speaking. The investor presentation will be webcast live from the Company's website at www.gcfb.net. The archived webcast will be available for 30 days following the presentation.

Granite City is open daily for lunch, dinner and gatherings from 11 a.m. to midnight along with brunch on Sundays, 10 a.m. to 2 p.m. Granite City Food & Brewery Ltd. currently operates 18 Granite City Food & Brewery upscale casual dining restaurants featuring a broad menu of popular made-from-scratch food items and handcrafted beers. Its broad menu offers traditional and regional foods served in generous portions at reasonable prices, affording guests an excellent value and great dining experience. Granite City opened its first restaurant in 1999 and is successfully expanding its Midwestern base. Additional information about Granite City Food & Brewery can be found at the Company's website (www.gcfb.net).

CONTACT:
Steve Wagenheim
CEO and President
(952) 215-0660