Canadian General Investments: Investment Update-Unaudited

TORONTO, CANADA, Aug 05 (MARKET WIRE) --
Canadian General Investments, Limited (CGI) (TSX: CGI)(TSX:
CGI.PR.A)(TSX: CGI.PR.B)(TSX: CGI.PR.C)(LSE: CGI) reports on an unaudited
basis that its net asset value per share (NAV) at July 31, 2008 was
$26.24, resulting in year-to-date and 12-month NAV returns, with
dividends reinvested, of -17.5% and -19.7%, respectively. These compare
with the -0.2% and 0.6% 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 July 31, 2008 was $21.60,
resulting in year-to-date and 12-month market returns, with dividends
reinvested, of -23.3% and -25.5%, respectively.

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

Energy 23.8%
Materials 19.5%
Financials 19.5%
Industrials 12.2%
Information Technology 7.0%
Consumer Discretionary 6.5%
Consumer Staples 3.8%
Telecommunication Services 3.6%
Utilities 1.8%
Cash & Cash Equivalents 1.4%
Health Care 0.9%

The top ten investments, which comprised 24.1% of the investment
portfolio at market, excluding non-convertible preferred shares, as of
July 31, 2008 were as follows:

Research In Motion Limited 5.1%
Labrador Iron Ore Royalty Income Fund 2.7%
Rogers Communications Inc. 2.4%
TMX Group Inc. 2.3%
Cameco Corporation 2.3%
Enbridge Inc. 2.1%
BPO Properties Ltd. 1.9%
Ritchie Bros. Auctioneers Incorporated 1.9%
Canadian Western Bank 1.7%
Urbana Corporation 1.7%

Contacts:
Canadian General Investments, Limited
Jonathan A. Morgan
President and CEO
(416) 366-2931
(416) 366-2729 (FAX)
Email: cgifund@mmainvestments.com
Website: www.mmainvestments.com

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