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FOR: CANADIAN WORLD FUND LIMITED

TSX SYMBOL: CWF

Canadian World Fund Limited Reports June 30, 2010 Interim Results

TORONTO, CANADA – Canadian World Fund Limited’s (CWF) net asset value per share return for the six months ended June 30, 2010 was 5.6%. By comparison, the return of the benchmark, Morgan Stanley Capital International (MSCI) All Country World Index, for the corresponding period was -9.2%, expressed in Canadian dollar terms. For further comparative purposes, the MSCI Emerging Markets Index returned -6.0%, also expressed in Canadian dollar terms. Investments in emerging markets comprised 35.1% of CWF’s portfolio as at June 30. CWF’s market return to common shareholders for the six months to June 30, 2010 was -7.9%.

Strong advances in concentrated holdings, held in appreciating currencies such as Canadian and U.S. dollars were the main reason for CWF’s outperformance of the benchmark during the first six months of 2010. In particular, key contributors to CWF’s absolute and relative performance year to date include Petrominerales Ltd., an oil and gas exploration and production company with operations in Colombia; East Asia Minerals Corporation, a well financed gold exploration company with the main focus of its advanced properties in Northern Sumatra, Indonesia; Lojas Renner S.A., Brazil's biggest publicly traded clothing retailer, which has benefitted from the improvement of Brazil's macroeconomic conditions, as retail sales recovered strongly; Top Glove Corporation, the largest rubber glove manufacturer in the world; and Apple Inc., an American multinational corporation that designs and manufactures consumer electronics and software products.

CWF is a TSX-listed global equities fund that provides one of few opportunities for bottom-up investment in securities of publicly traded, primarily growth companies in a global portfolio.

FINANCIAL HIGHLIGHTS

(in thousands of dollars, except per share amounts)

	Six Months Ended
	June 30,	June 30,
	2010	2009
Net investment loss	(256)	(159)
Net gain on investments	2,160	6,771
Increase in net assets resulting from operations	1,904	6,612
Increase in net assets resulting from operations – per share	0.27	0.92
Net investment loss	(256)	(159)

	As at
	June 30,	December 31,
	2010	2009
Selected data (1)
Net asset value	35,436	33,550
Net asset value per share	4.93	4.67
Selected data according to GAAP (1)
Net assets	35,301	33,412
Net assets per share	4.91	4.65

⁽¹⁾ The Company calculates the net asset value and net asset value per share on the basis of the valuation principles set out in its annual information form. These valuation principles differ from the requirements of Canadian generally accepted accounting principles (GAAP), with the main difference relating to securities that are listed on a public stock exchange. While the Company generally values such securities based on the latest sale price, GAAP requires the use of the closing bid price. Accordingly, bid prices are used in determining net assets and net assets per share for purposes of the interim and annual financial statements.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Canadian World Fund Limited

Jonathan A. Morgan

President & CEO

Phone: (416) 366-2931

Fax: (416) 366-2729

e-mail: cwffund@mmainvestments.com

website: www.mmainvestments.com