Portfolio Update

Canadian General Investments Ld
07 April 2008


NEWS RELEASE TRANSMITTED BY MARKETWIRE


FOR: CANADIAN GENERAL INVESTMENTS, LIMITED


TSX SYMBOLS: CGI, CGI.PR.A, CGI.PR.B, CGI.PR.C

LONDON STOCK EXCHANGE: CGI


April 3, 2008


Canadian General Investments: Investment Update - Unaudited


TORONTO, CANADA - Canadian General Investments, Limited (CGI) reports on an
unaudited basis that its net asset value per share (NAV) at March 31, 2008 was
$27.53, resulting in year-to-date and 12-month NAV returns, with dividends
reinvested, of -13.6% and -11.4%, respectively. These compare with the -2.8% and
4.0% returns of the benchmark S&P/TSX Composite Index on a total return basis
for the same periods.


The closing price for CGI's common shares at March 31, 2008 was $22.36,
resulting in year-to-date and 12-month market returns, with dividends
reinvested, of -20.8% and -13.3%, respectively.


The sector weightings of CGI's investment portfolio at market as of March 31,
2008 were as follows:

Materials                                                                 23.0%
Energy                                                                    20.4%
Financials                                                                18.8%
Industrials                                                               12.2%
Consumer Discretionary                                                     7.7%
Information Technology                                                     6.9%
Telecommunication Services                                                 4.2%
Consumer Staples                                                           3.0%
Utilities                                                                  1.8%
Cash & Cash Equivalents                                                    1.2%
Health Care                                                                0.8%


The top ten investments, which comprised 23.5% of the investment portfolio at
market, excluding non-convertible preferred shares, as of March 31, 2008 were as
follows:

Research In Motion Limited                                                 4.6%
Labrador Iron Ore Royalty Income Fund                                      2.8%
Rogers Communications Inc.                                                 2.4%
Urbana Corporation                                                         2.2%
BPO Properties Ltd.                                                        2.1%
Cameco Corporation                                                         2.1%
Enbridge Inc.                                                              1.9%
Ritchie Bros. Auctioneers Incorporated                                     1.9%
TSX Group Inc.                                                             1.8%
Algoma Central Corporation                                                 1.7%





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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




                      This information is provided by RNS
            The company news service from the London Stock Exchange