CERF Incorporated Announces Dividend of $0.06 per Share

CALGARY, ALBERTA--(Marketwired - Dec. 16, 2013) - The Board of Directors (the "Board") of CERF Incorporated ("CERF") are pleased to announce that they have declared a cash dividend to the shareholders of $0.06 per share for the fourth quarter of 2013. This quarterly dividend plus dividends paid in the previous 3 quarters of 2013 amount to $0.24 per share on an annualized basis. Payment will be made on or about January 15, 2014, to shareholders of record as of the close of business on December 31, 2013.

Investors are cautioned that future dividends are always subject to approval of the Board and may be increased, decreased or suspended by the Board at any time.

All dividends paid by CERF to common shareholders will be designated as eligible dividends as defined in section 89(1) of the Income Tax Act (Canada) unless otherwise indicated.

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 16,059,356 common shares issued and outstanding.

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