Winmill & Co. Incorporated Announces Third Quarter 2007 Financial Results

NEW YORK, NY--(Marketwire - November 1, 2007) - Winmill & Co. Incorporated (PINKSHEETS: WNMLA) announced today its financial results for the third quarter ended September 30, 2007. The Company reported a net loss in the third quarter of 2007 of $186,565 compared to a net loss of $358,733 for the same quarter a year ago. The net loss per share fully diluted was $0.11 for the third quarter of 2007 and $0.23 for the third quarter of 2006. For the nine months ended September 30, 2007, the Company reported net income of $33,449 compared to a net loss of $957,474 for the same period in 2006. The net income per share fully diluted was $0.02 for the first nine months of 2007 compared to a net loss per share of $0.62 for the first nine months of 2006.

Management, distribution, and other fees increased due to an increase in mutual fund assets under management. The Company had $293 million in assets under management at September 30, 2007, an increase of 51% from $194 million at September 30, 2006. Total expenses increased primarily due to an increase in distribution expenses attributable to the increase in assets under management. The increase in management, distribution, and other fees was partially offset by a net decrease in unrealized appreciation of the shares owned by the Company of its publicly held affiliates, namely Bexil Corporation (PINKSHEETS: BXLC), Tuxis Corporation (PINKSHEETS: TUXS), and Foxby Corp. (AMEX: FXX). The Company also reported that its financial condition continues to be strong, with shareholders' equity of $11 million and no long-term debt.

The Company's unaudited balance sheet, statements of income, and statements of cash flows as of and for the third quarter and nine months ended September 30, 2007 are appended to a copy of this press release on www.winmillco.com.

As previously announced, the Board of Directors of the Company authorized a five year program commencing on July 10, 2006 to buy back up to 500,000 of its shares in the open market and in privately negotiated transactions. All shares purchased will be cancelled. As of October 23, 2007, 178,235 shares have been acquired and 175,891 shares have been cancelled since the commencement of this program for a total cost of approximately $1,038,000, leaving 321,765 shares remaining of the 500,000 originally authorized.

Winmill & Co. Incorporated is engaged through subsidiaries in stock market and gold investing through its investment management of equity and gold mutual funds. The mutual funds managed by a Company subsidiary are Midas Fund, Inc. (NASDAQ: MIDSX), Midas Special Fund, Inc. (NASDAQ: MISEX), and Midas Dollar Reserves, Inc. (NASDAQ: DOLXX). The closed end funds are Foxby Corp. (AMEX: FXX) and Global Income Fund, Inc. (AMEX: GIF). To learn more about Winmill & Co., including Rule 15c2-11 information, please visit www.winmillco.com.

This release contains certain "forward looking statements" made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Winmill & Co., which may cause the Company's actual results to be materially different from those expressed or implied by such statements. The forward looking statements made herein are only made as of the date of this release, and the Company undertakes no obligation to publicly update such forward looking statements to reflect subsequent events or circumstances.

Contact Information: Contact: Thomas O'Malley Chief Financial Officer 1-212-785-0900, ext. 267