AMCAST INDUSTRIAL CORPORATION

NEWS RELEASE



                         AMCAST ANNOUNCES RESIGNATION OF
                                 FRANCIS J. DREW


DAYTON,  OHIO, October 26, 2004 - Francis J. Drew, Vice President of Finance and
Chief Financial  Officer,  advised Amcast that he will resign his position as of
November 5, 2004.  Mr. Drew has  informed the Company that he would make himself
available  on a  consulting  basis for as long as  necessary  to ensure a smooth
transition.

When Mr. Pond  joined  Amcast in 2001,  he enlisted  Mr.  Drew's  assistance  in
managing the Company and building the support of the lending group. Mr. Pond has
stated,  "We  appreciate  the time and effort  which Frank has  dedicated to the
Company and his  continued  support to Amcast for much longer than his  original
commitment. I would like to personally thank him for his many contributions."

On an interim basis, Mr. Drew's  responsibilities  will be assumed by Richard A.
Smith.  Mr.  Smith is  currently  an Amcast  Director  and a member of its Audit
Committee.  Mr.  Smith has in his  career  held high level  financial  positions
including  Executive  Vice  President  and Chief  Financial  Officer  for Lennox
International  as well as Vice President of Finance and Chief  Financial  Office
for Arvin Industries (now ArvinMeritor, Inc.).

Mr. Pond has further stated,  "With Mr. Drew's continued support and Mr. Smith's
extensive experience, I am confident of a seamless transition."





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