Granite City Food & Brewery

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Granite City Restaurant features a full Bar and Brewery and has a growing amount of Restaurant and Bar locations in Cedar Rapids, Clive, Creve Coeur, Davenport, Eagan, East Peoria, Fargo, Fort Wayne, Kansas City, Lincoln, Madison, Maple Grove, Olathe, Omaha, Orland Park, Rockford, Rogers, Roseville, Sioux Falls, St. Cloud, St. Louis Park, Toledo, West Wichita, Wichita, Indianapolis, and South Bend.





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Granite City Food & Brewery to Announce Third Quarter Results November 8, 2006

MINNEAPOLIS, October 23, 2006 — Granite City Food & Brewery Ltd. (Nasdaq: GCFB) today announced that it will release third quarter 2006 financial results on Wednesday, November 8, 2006 and will host a conference call later that day at 2:00 pm Central Time (3:00 pm Eastern Time). The call may be accessed by dialing 1-800-946-0783 and referencing code #3212944. A replay of the call will be available for 30 days and may be accessed by dialing 1-888-203-1112 and entering replay code #3212944.

Granite City Food & Brewery Ltd. is a Modern American upscale casual restaurant chain that operates 16 restaurants in 7 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, MN in 1999.

CONTACT:
Peter Hausback
Chief Financial Officer
(952) 215-0660





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