Giant Industries 4th Quarter and Full-Year 2006 Earnings Release

Business Wire, Feb 24, 2007

SCOTTSDALE, Ariz. -- Giant Industries, Inc. (NYSE:GI) will release its fourth quarter and full-year 2006 operating results before the market opens for trading on Wednesday, February 28, 2007. Management will host a corresponding conference call and live webcast at 8:00 a.m. ET on Wednesday, February 28, 2007.

This call is being webcast by CCBN and can be accessed at Giant's web site, www.giant.com. The call can also be heard by dialing 800-901-5248; passcode: 50741719. The audio replay will be available through Wednesday, March 7, 2007, by dialing 888-286-8010; passcode: 44872424.

The webcast is also being distributed over CCBN's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through CCBN's individual investor center at www.fulldisclosure.com or by visiting any of the investor sites in CCBN's Individual Investor Network. Institutional investors can access the call via CCBN's password-protected event management site, StreetEvents (www.streetevents.com).

About Giant Industries, Inc.

Giant Industries, Inc., headquartered in Scottsdale, Arizona, is a refiner and marketer of petroleum products. Giant owns and operates one Virginia and two New Mexico crude oil refineries; a crude oil gathering pipeline system based in Farmington, New Mexico, which services the New Mexico refineries; finished products distribution terminals in Albuquerque, New Mexico, and Flagstaff, Arizona; a fleet of crude oil and finished product truck transports; and a chain of retail service station/convenience stores in New Mexico, Colorado, and Arizona. Giant is also the parent Company of Phoenix Fuel Co., Inc., Dial Oil Co., and Empire Oil Co., all of which are wholesale petroleum products distributors. For more information, please visit Giant's website at www.giant.com.