Manitou Capital Corporation
TSX VENTURE : MOU

Manitou Capital Corporation

August 23, 2005 16:05 ET

Manitou Capital Announces Improved Results for the Six Months ended June 30, 2005

TORONTO, ONTARIO--(CCNMatthews - Aug. 23, 2005) - Manitou Capital Corporation (Manitou)(TSX VENTURE:MOU) today announced its results for the six months ended June 30, 2005.

Revenue from continuing operations was $1,218,262 as compared to $1,073,980 for the six months ended June 30, 2004 - an increase of 13.4%.

Manitou had earnings from continuing operations of $85,353 or $0.0060 per share as compared to earnings from continuing operations of $8,386 ($0.0006 per share) for 2004.

As previously reported, Manitou sold its 100% owned subsidiary, The Investment Shop Inc. for $900,000 on January 31, 2004 and reported a net gain of $279,000 from the sale. In the six months of 2004, Manitou's net earnings, including the non-recurring gain from the sale of The Investment Shop Inc., were $287,722 or $0.0201 per share.

For more information, including the December 31, 2004 financial statements and Management Discussion and Analysis please see our letter to shareholders and proxy information material dated March 30, 2005 posted on Manitou's website at www.manitoucapital.com, or contact Deborah O'Reilly, Chief Financial Officer, at (416) 628-6523.

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
June 30, 2005 June 30, 2004
------------- -------------
Revenue $625,399 $540,095

Earnings $ 60,960 $ 10,335

Earnings per share $ 0.0043 $ 0.0007


MANITOU CAPITAL CORPORATION

Six Months Six Months
Ended Ended
June 30, 2005 June 30, 2004
------------- -------------
Revenue $1,218,262 $1,073,980

Earnings $85,353 $8,386

Gain from sale of discontinued
operations 0 $279,336

Earnings $85,353 $287,722

Earnings from continuing operations
per share $0.0060 $0.0006

Earnings per share $0.0060 $0.0201



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

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