Manitou Capital Corporation
TSX VENTURE : MOU

Manitou Capital Corporation

March 30, 2006 16:05 ET

Manitou Capital Announces Continuing Revenue Growth

TORONTO, ONTARIO--(CCNMatthews - March 30, 2006) - Manitou Capital Corporation (Manitou) (TSX VENTURE:MOU) today announced its results for the year ended December 31, 2005.

Revenue from continuing operations for 2005 was $2,492,052 as compared to $2,166,405 for the year ended December 31, 2004 - an increase of 15%.

Manitou had a loss from continuing operations for 2005 of $100,150 or $0.007 per share as compared to earnings from continuing operations of $17,606 or $0.001 per share for 2004. Included in the calculation of the 2005 loss is a hiring expense of $192,981 paid to an executive recruitment firm in connection with the hiring of two executives. As previously disclosed, Talia Rovinski and Sean Yuile, two experienced financial advisors, recently joined Manitou.

On January 31, 2004, Manitou sold its 100% owned subsidiary, The Investment Shop Inc., for $900,000 and reported a net gain of $279,336 from the sale. In 2004, Manitou's net earnings, including the non-recurring gain from the sale of The Investment Shop Inc. were $296,942 or $0.021 per share.

For more information, including the December 31, 2005 financial statements and management discussion and analysis please see our letter to shareholders and proxy information material dated March 30, 2006 posted on Manitou's website at www.manitoucapital.com.

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



MANITOU CAPITAL CORPORATION

Year ended Year ended
Dec. 31, 2005 Dec. 31, 2004
----------------------------

Revenue $ 2,492,052 $ 2,166,405

(Loss)/Earnings from continuing
operations before minority interest
and gain on dilution $ (123,736) $ 7,011

(Loss)/Earnings from continuing
operations $ (100,150) $ 17,606

Net gain from sale of discontinued
operations $ 0 $ 279,336

(Loss)/Earnings $ (100,150) $ 296,942

(Loss)/Earning from continuing
operations per share $ (0.007) $ 0.001

(Loss)/Earnings per share $ (0.007) $ 0.021


Quarter ended Quarter ended
Dec. 31, 2005 Dec. 31, 2004
----------------------------

Revenue $ 639,511 $ 557,523

Loss from continuing operations
before minority interest and gain
on dilution $ (209,112) $ (16,387)

Loss from continuing operations $ (137,207) $ (8,929)

Loss $ (137,207) $ (8,929)

Loss from continuing operations
per share $ (0.010) $ (0.001)

Loss per share $ (0.010) $ (0.001)


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

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