Winmill & Co. Incorporated Announces 2006 Financial Results

NEW YORK, NY--(Marketwire - July 11, 2007) - Winmill & Co. Incorporated (PINKSHEETS: WNMLA) announced today its financial results for 2006. The Company reported net income of $543,476 in 2006 compared to net income of $2,157,381 in 2005. The net income per share fully diluted was $0.34 in 2006 compared to net income per share fully diluted of $1.40 in 2005. Total revenue of $2,317,699 in 2006 decreased from $5,402,395 in 2005 primarily due to a net decrease in unrealized appreciation of the shares owned by the Company of its publicly held affiliates, namely Bexil Corporation (AMEX: BXL), Tuxis Corporation (PINKSHEETS: TUXS), and Foxby Corp. (FXX). Management, distribution and other fees increased to $2,283,788 in 2006 from $1,467,511 in 2005 due to an increase in mutual fund assets under management. The Company had $210 million in assets under management at December 31, 2006, an increase of 48% from $143 million at December 31, 2005. Total expenses increased primarily due to an increase in distribution expenses attributable to the increase in assets under management. The Company also reported that its financial condition continues to be strong, with shareholders' equity of $11.1 million and no long term debt.

The Company's 2006 Annual Report, including audited financial statements, is posted at www.winmillco.com.

As previously announced, the Board of Directors of the Company has 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. As of the date of this press release, 79,551 shares have been acquired since the commencement of the program for a total cost of approximately $375,000, leaving 423,840 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 open-end mutual funds managed by a Company subsidiary are Midas Fund, Inc. (MIDSX), Midas Special Fund, Inc. (MISEX), and Midas Dollar Reserves, Inc. (DOLXX). The closed-end funds are Foxby Corp. (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