Article: Manitou Capital Announces Increased Earnings for the Nine Months Ended September 30, 2007

TORONTO, ONTARIO--(Marketwire - Nov. 22, 2007) - Manitou Capital Corporation (Manitou) (TSX VENTURE:MOU) today announced its results for the nine months ended September 30, 2007.

Manitou had earnings of $241,103 ($0.0169 per share) for the nine months ended September 30, 2007, as compared to a loss of $129,468 ($0.0091 per share) for the nine months ended September 30, 2006.

The earnings for the nine month period ended September 30, 2007 include a tax benefit recorded in the quarter ended September 30, 2007 of $170,000 related to tax loss carry-forwards in Manitou's subsidiary. Without this tax benefit, Manitou's earnings after minority interest would have been $136,230 ($0.0095 per share). ...

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