Investment Update - Unaudited

Canadian General Investments Ld
03 March 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

March 3, 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 February 28,
2005 was $22.97, resulting in a year-to-date NAV return, with dividends
reinvested, of 11.2%. This compares with the 4.8% 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 February 28, with dividends reinvested, was
11.8%.

For the 12 months ended February 28, 2005, CGI's NAV and market returns were
28.4% and 30.1%, respectively. The benchmark posted 12.0% for the same period.

The sector weightings of CGI's investment portfolio at market as of February 28,
2005 were as follows:

Energy                                                                    24.6%
Financials                                                                21.5%
Materials                                                                 17.6%
Industrials                                                                6.9%
Consumer Discretionary                                                     6.2%
Consumer Staples                                                           5.9%
Preferred Shares                                                           3.9%
Income & Royalty Trusts                                                    3.8%
Telecommunication Services                                                 3.1%
Other                                                                      6.5%

The top ten investments, which comprised 18.0% of the investment portfolio at
market, excluding cash and non-convertible preferred shares, as of February 28,
2005 were as follows:

Cameco Corporation                                                         3.0%
TSX Group Inc.                                                             1.9%
Home Capital Group Inc.                                                    1.8%
TELUS Corporation                                                          1.8%
Corby Distilleries Limited                                                 1.7%
Enbridge Inc.                                                              1.7%
BMTC Group Inc.                                                            1.6%
Labrador Iron Ore Royalty Income Fund                                      1.5%
Power Financial Corporation                                                1.5%
TransCanada Corporation                                                    1.5%




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




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