Investment Update - Unaudited

Canadian General Investments Ld
05 August 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

August 5, 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 July 31,
2005 was $23.83, resulting in a year-to-date NAV return, with dividends
reinvested, of 15.7%. This compares with the 13.8% 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 July 31, with dividends reinvested, was 37.3%.

For the 12 months ended July 31, 2005, CGI's NAV and market returns were 42.5%
and 71.9%, respectively. The benchmark posted 25.5% for the same period.

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

Energy                                                                    28.1%
Financials                                                                23.3%
Materials                                                                 10.9%
Consumer Discretionary                                                     9.8%
Industrials                                                                9.1%
Consumer Staples                                                           5.9%
Preferred Shares                                                           3.5%
Telecommunication Services                                                 3.3%
Information Technology                                                     2.5%
Other                                                                      3.6%

The top ten investments, which comprised 20.5% of the investment portfolio at
market, excluding cash and non-convertible preferred shares, as of July 31, 2005
were as follows:

Cameco Corporation                                                         3.1%
Rogers Communications Inc.                                                 3.0%
TSX Group Inc.                                                             2.2%
TELUS Corporation                                                          2.0%
Home Capital Group Inc.                                                    2.0%
Enbridge Inc.                                                              1.9%
Western Oil Sands Inc.                                                     1.7%
National Bank of Canada                                                    1.6%
Corby Distilleries Limited                                                 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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