Investment Update - Unaudited

Canadian General Investments Ld
11 July 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

July 11, 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 June 30,
2005 was $22.26, resulting in a year-to-date NAV return, with dividends
reinvested, of 8.1%. This compares with the 8.1% 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 June 30, with dividends reinvested, was 20.7%.

For the 12 months ended June 30, 2005, CGI's NAV and market returns were 30.0%
and 49.0%, respectively. The benchmark posted 18.0% for the same period.

The sector weightings of CGI's investment portfolio at market as of June 30,
2005 were as follows:

Energy                                                                    26.6%
Financials                                                                22.8%
Materials                                                                 11.5%
Industrials                                                                8.9%
Consumer Discretionary                                                     8.6%
Consumer Staples                                                           6.2%
Telecommunication Services                                                 4.8%
Preferred Shares                                                           3.8%
Information Technology                                                     3.2%
Other                                                                      3.6%

The top ten investments, which comprised 19.3% of the investment portfolio at
market, excluding cash and non-convertible preferred shares, as of June 30, 2005
were as follows:

Cameco Corporation                                                         3.1%
TSX Group Inc.                                                             2.3%
TELUS Corporation                                                          2.1%
Enbridge Inc.                                                              2.0%
Home Capital Group Inc.                                                    1.9%
National Bank of Canada                                                    1.7%
Corby Distilleries Limited                                                 1.6%
BMTC Group Inc.                                                            1.6%
TransCanada Corporation                                                    1.5%
Husky Energy Inc.                                                          1.5%




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





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