Investment Update - Unaudited

Canadian General Investments Ld
04 April 2005


NEWS RELEASE TRANSMITTED BY CCN MATTHEWS

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX SYMBOLS: CGI, CGI.PR.A, CGI.PR.B, CGI.WT
LONDON STOCK EXCHANGE: CGI, CGIW

April 4, 2005

Canadian General Investments: Investment Update - Unaudited

TORONTO, CANADA - Canadian General Investments, Limited (CGI) reports on an
unaudited basis that its diluted net asset value per share (NAV) at March 31,
2005 was $21.93, resulting in a year-to-date NAV return, with dividends
reinvested, of 6.2%. This compares with the 4.4% return of the benchmark S&P/TSX
Composite Total Return Index for the same period. The year-to-date market return
for CGI's common shares to March 31, with dividends reinvested, was 10.5%.

For the 12 months ended March 31, 2005, CGI's NAV and market returns were 23.6%
and 28.1%, respectively. The benchmark posted 13.9% for the same period.

The sector weightings of CGI's investment portfolio at market as of March 31,
2005 were as follows:

Financials                                                                24.6%
Energy                                                                    20.9%
Materials                                                                 19.1%
Industrials                                                                7.4%
Consumer Discretionary                                                     6.8%
Consumer Staples                                                           6.6%
Telecommunication Services                                                 4.3%
Preferred Shares                                                           3.6%
Other                                                                      6.7%

The top ten investments, which comprised 18.4% of the investment portfolio at
market, excluding cash and non-convertible preferred shares, as of March 31,
2005 were as follows:

Cameco Corporation                                                         3.0%
TSX Group Inc.                                                             2.1%
TELUS Corporation                                                          1.9%
Home Capital Group Inc.                                                    1.8%
Enbridge Inc.                                                              1.7%
Corby Distilleries Limited                                                 1.7%
BMTC Group Inc.                                                            1.6%
National Bank of Canada                                                    1.6%
TransCanada Corporation                                                    1.5%
Power Financial Corporation                                                1.5%




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FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian General Investments, Limited
Jonathan A. Morgan
President
Phone: [phone]
Fax: [phone]
e-mail: [e-mail]
website: www.mmainvestments.com

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