AMCAST INDUSTRIAL CORPORATION

NEWS RELEASE



       AMCAST BOARD OF DIRECTORS ANNOUNCES RESIGNATION OF JOSEPH R. GREWE


DAYTON,  OHIO,  October 11, 2004 - Joseph R. Grewe,  President and CEO of Amcast
Industrial Corporation, (AICO.OB), advised the Amcast Board of Directors that he
will be resigning his position as an officer and director  effective November 1,
2004. Mr. Grewe will be rejoining Saint-Gobain, his former employer.

The Board has  accepted Mr.  Grewe's  resignation  with deep  regret.  The Board
stated that they greatly appreciate the exceptional  leadership Joe has provided
to Amcast during his tenure.  Further,  they wish him well in his new management
role at Saint-Gobain.

Mr. Grewe's  responsibilities  will be assumed by Byron O. Pond,  Amcast's Board
Chairman  and former CEO. In assuming  these  duties Mr. Pond  stated.  "We will
certainly miss Joe's leadership at Amcast. The recent sale of the Company's Flow
Control business and the Components Group has significantly  reduced the size of
Amcast. As a result, we feel we will be able to make  organizational  changes to
accommodate the loss of Mr. Grewe's services. The Company's management wishes to
thank him for his exemplary service".



Contact--
Media and Investors:  Michael Higgins 937/291-7015