Portfolio Update

RNS Number : 0644Z

Canadian General Investments Ld

06 January 2011

NEWS RELEASE TRANSMITTED BY MARKETWIRE

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

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

LONDON STOCK EXCHANGE: CGI

January 6, 2011

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 December 31, 2010 was $24.05, resulting in a one-year NAV return, with dividends reinvested, of 30.3%. This compares with the 17.6% return of the benchmark S&P/TSX Composite Index on a total return basis for the same period.

The closing price for CGI's common shares at December 31, 2010 was $19.18, resulting in an annual market return, with dividends reinvested, of 27.9%.

The sector weightings of CGI's investment portfolio at market as of December 31, 2010 were as follows:

Energy	29.7%
Materials	29.5%
Financials	14.3%
Consumer Discretionary	9.7%
Information Technology	5.5%
Industrials	5.0%
Utilities	2.5%
Telecommunication Services	1.9%
Consumer Staples	1.2%
Transportation & Environment	0.5%
Cash & Cash Equivalents	0.2%

The top ten investments which comprised 29.9% of the investment portfolio at market as of December 31, 2010 were as follows:

Pacific Rubiales Energy Corp.	4.1%
BMTC Group Inc.	4.0%
Labrador Iron Ore Royalty Corporation	4.0%
Western Coal Corp.	3.1%
Brookfield Office Properties Canada	2.7%
Teck Resources Limited	2.5%
Bank of Montreal	2.4%
IMAX Corporation	2.4%
SXC Health Solutions Corp.	2.4%
Enbridge Inc.	2.3%