MINNEAPOLIS March 9, 2007 - Granite City Food & Brewery Ltd. (Nasdaq: GCFB) today announced that it will host a conference call on Tuesday, March 13, 2007 to discuss its fourth quarter 2006 financial results and its recent sale of common stock in a private placement transaction. The call will take place at 10am Central Time and may be accessed by dialing 1-800-891-5314 and referencing code #4260677.

Granite City Food & Brewery Ltd. is a Modern American upscale casual restaurant chain that operates 18 restaurants in eight Midwestern states. The menu features affordable yet high quality family favorite menu items prepared from made-from-scratch recipes and served in generous portions. The sophisticated yet unpretentious restaurants, proprietary food and beverage products, attractive price points and high service standards combine for a great dining experience. Granite City opened its first restaurant in St. Cloud, Minnesota in 1999.

CONTACT:
Peter Hausback
Chief Financial Officer
(952) 215-0674