Manitou Capital Corporation
TSX VENTURE : MOU

Manitou Capital Corporation

May 15, 2006 16:05 ET

Manitou Capital Announces Increased Revenue for First Quarter 2006

TORONTO, ONTARIO--(CCNMatthews - May 15, 2006) - Manitou Capital Corporation (Manitou)(TSX VENTURE:MOU) today announced its results for the quarter ended March 31, 2006.

Revenue was $688,456 as compared to $592,863 for the quarter ended March 31, 2005 - an increase of 16%.

Manitou had a loss of $75,001 or $0.0052 per share as compared to earnings of $24,393 ($0.0017 per share) for the first quarter of 2005. The loss includes hiring expenses in the quarter of $64,274.

Manitou shares are listed for trading on the TSX Venture Exchange under the symbol MOU.



MANITOU CAPITAL CORPORATION
FINANCIAL HIGHLIGHTS

Three Months Three Months
Ended Ended
Mar. 31, 2006 Mar. 31, 2005
------------- -------------

Revenue $688,456 $592,863

(Loss)/Earnings before minority interest
and gain on dilution $(99,040) $58,432

(Loss)/Earnings $(75,001) $24,393

(Loss)/Earnings per share $(.0052) $0.0017


The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

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