Manitou Capital Corporation

Manitou Capital Corporation

October 05, 2005 16:05 ET

Manitou Capital Announces Expansion

TORONTO, ONTARIO--(CCNMatthews - Oct. 5, 2005) - Manitou Capital Corporation(TSX VENTURE:MOU) today announced that its 62% owned subsidiary, Manitou Investment Management Ltd., has hired two experienced financial advisors, Talia Rovinski and Sean Yuile. Both advisors were previously employed by the Private Client Division of a Canadian chartered bank. For more information about these advisors please refer to the Manitou Investment Management website at or contact Deborah O'Reilly, Chief Financial Officer at 416-628-6523.

Management expects that, within the next two years, there will be a significant increase in revenue generated by these two advisors, which will exceed the increased compensation costs.

As of September 30, 2005 Manitou Investment Management had approximately $250 million in assets under management.

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

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

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