Portfolio Update

Canadian General Investments Ld
04 June 2007


NEWS RELEASE TRANSMITTED BY CCN MATTHEWS

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

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

LONDON STOCK EXCHANGE: CGI, CGIW


June 4, 2007

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 May 31, 2007
was $34.83, resulting in year-to-date and 12-month NAV returns, with dividends
reinvested, of 11.6% and 32.6%, respectively. This compares with the 9.9% and
22.7% 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 May 31 was $28.47, resulting in
year-to-date and 12-month market returns with dividends reinvested of 4.4% and
18.1%, respectively.

The sector weightings of CGI's investment portfolio at market as of May 31, 2007
were as follows:

Financials                                                                26.0%
Materials                                                                 23.7%
Energy                                                                    21.5%
Industrials                                                                9.3%
Consumer Discretionary                                                     6.9%
Telecommunication Services                                                 4.0%
Information Technology                                                     3.8%
Consumer Staples                                                           1.9%
Utilities                                                                  1.5%
Health Care                                                                0.9%
Cash & Cash Equivalents                                                    0.5%


The top ten investments, which comprised 19.9% of the investment portfolio at
market, excluding non-convertible preferred shares, as of May 31, 2007 were as
follows:

Cameco Corporation                                                         2.8%
Rogers Communications Inc.                                                 2.6%
BPO Properties Ltd.                                                        2.1%
HudBay Minerals Inc.                                                       2.1%
Research In Motion Limited                                                 1.9%
BMTC Group Inc.                                                            1.8%
TSX Group Inc.                                                             1.7%
Russel Metals Inc.                                                         1.7%
Skye Resources Inc.                                                        1.6%
FNX Mining Company Inc.                                                    1.6%


Note 1: CGI's investment in NYSE Euronext, Inc. through its holdings in Caldwell
New York Limited Partnership and Caldwell New York LP IV represented 2.6% of its
investment portfolio at May 31, 2007.






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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