Article: Manitou Capital Announces Increased Earnings for the Six Months and Three Months Ended June 30, 2007

TORONTO, ONTARIO--(Marketwire - Aug. 15, 2007) - Manitou Capital Corporation (Manitou)(TSX VENTURE:MOU) today announced its results for the six months ended June 30, 2007.

Manitou had earnings of $82,475 ($0.0058 per share) for the six months ended June 30, 2007, as compared to a loss of $187,947 ($0.0131 per share) for the six months ended June 30, 2006. The loss for the earlier six month period includes hiring expenses of $156,000 and severance costs of $167,000. Absent the hiring and severance costs Manitou would have had a profit after minority interest for the six months ended June 30, 2006 of $11,300.

For the three months ended June 30, 2007 Manitou had earnings of $50,221 ($0.0035 per ...

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