Canadian General Investments: Investment Update-Unaudited

TORONTO, CANADA -- (Marketwire) -- 11/03/09 -- Canadian General Investments, Limited (CGI) (TSX: CGI)(TSX: CGI.PR.B)(TSX: CGI.PR.C)(LSE: CGI) reports on an unaudited basis that its net asset value per share (NAV) at October 31, 2009 was $17.32, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 25.9% and 14.8%, respectively. These compare with the 24.8% and 15.7% 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 October 31, 2009 was $14.20, resulting in year-to-date and 12-month market returns, with dividends reinvested, of 58.2% and 26.9%, respectively.

The sector weightings of CGI's investment portfolio at market as of October 31, 2009 were as follows:

Materials                              27.0%
Energy                                 24.4%
Financials                             16.9%
Industrials                             7.0%
Information Technology                  5.9%
Consumer Discretionary                  5.6%
Cash & Cash Equivalents                 4.3%
Consumer Staples                        3.5%
Telecommunication Services              2.2%
Utilities                               1.9%

The top ten investments which comprised 26.0% of the investment portfolio at market as of October 31, 2009 were as follows:

Royal Bank of Canada                    3.0%
Canadian Treasury Bill                  2.9%
Labrador Iron Ore Royalty Income Fund   2.9%
BMTC Group Inc.                         2.8%
Petrobank Energy and Resources Ltd.     2.5%
Bank of Montreal                        2.5%
Pacific Rubiales Energy Corp.           2.5%
BPO Properties Ltd.                     2.4%
Franco-Nevada Corporation               2.3%
Rogers Communications Inc.              2.2%