Granite City Food & Brewery

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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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