Senior Executive Appointment

Canadian General Investments Ld
08 February 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

FEBRUARY 8, 2005


Canadian General Investments, Limited Announces Senior Executive Appointment

The Board of Directors of Canadian General Investments, Limited is pleased to
announce the appointment of Jonathan A. Morgan as President and CEO of the
Company. Mr. Morgan, previously Vice-President of Canadian General Investments,
Limited now assumes general supervision of the business and affairs of the
Company.

Michael A. Smedley who has stepped down as President of Canadian General
Investments, Limited retains the roles of Executive-Vice President, CEO and
Chief Portfolio Officer of the management company, Morgan Meighen & Associates
Limited. He will continue to have overall responsibility for management of
Canadian General Investments, Limited's investment portfolio, providing the
guidance that has resulted in strategies that have seen strong returns to
shareholders over the years.

Jonathan Morgan and Michael Smedley continue as members of the Board of
Directors of Canadian General Investments, Limited and will carry on their close
working relationship, assuring continuity with respect to management of the
Company.

Established in 1930 and listed in Toronto and London, CGI is focused on medium
to long-term investments in Canadian corporations. Morgan Meighen & Associates
Limited was founded in 1955.

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FOR FURTHER INFORMATION PLEASE CONTACT:
Jonathan A. Morgan
President & CEO
Phone: [phone]
Fax: [phone]
e-mail: [e-mail]
website: www.mmainvestments.com

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