CERF Incorporated Announces Stock Option Grant

CERF Incorporated ("CERF") (TSX VENTURE:CFL) is pleased to announce that it has
granted 474,300 stock options to directors, officers, employees and consultants
of CERF at an exercise price of $2.71.


The stock options have been granted pursuant to CERF's 10% rolling stock option
plan and will expire five years from the date of grant. All of the stock options
vest as to one third thereof on each of the first, second and third
anniversaries of the date of grant. Subsequent to this stock option grant, CERF
will have a total of 1,039,300 stock options outstanding.


CERF is a Canadian public corporation engaged in the rental, sale and service of
industrial, construction and oilfield equipment and waste management and
environmental services. CERF trades on the TSX Venture Exchange under the symbol
"CFL" and currently has 16,059,365 common shares issued and outstanding.


Neither TSX Venture Exchange nor its regulation services provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
CERF Incorporated
Wayne Wadley
President & CEO
(403) 850-4095
wwadley@cerfcorp.com


CERF Incorporated
Ken Stephens
Vice President, Finance & CFO
(403) 281-1042
(403) 238-2720 (FAX)
kstephens@cerfcorp.com

CERF Incorporated (TSXV:CFL)
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