CERF Incorporated Announces Fourth Quarter 2014 Dividend of $0.06 per Share and Provides Operations Update

CALGARY, ALBERTA--(Marketwired - Dec. 9, 2014) - The Board of Directors of CERF Incorporated ("CERF") (TSX VENTURE:CFL), is pleased to announce that they have declared a cash dividend to the shareholders of CERF in the amount of $0.06 per share for the fourth quarter of 2014. This quarterly dividend will amount to $0.24 per share on an annualized basis. Payment will be made on or about January 15, 2015, to shareholders of record as of the close of business on December 31, 2014. The ex-dividend date will be December 29, 2014. This represents the 37^th consecutive quarterly dividend paid to shareholders since CERF's inception in 2005.

CERF's two divisions, Industrials and Energy Services, continue to see robust activity. CERF's structure was intentionally setup to provide diversified revenue sources from different industries and from different sectors of the economy.

Industrials:

Included in CERF's Industrial division are 4-Way Equipment Rentals ("4-Way") and MCL Waste Systems & Environmental ("MCL"). The lower than average temperatures experienced in early November 2014 resulted in high demand for 4-Way's extensive and diverse fleet of construction heaters and related equipment. Feedback from jobsites still remains optimistic as our customer base is focused on keeping their jobs on track going through the winter.

At MCL, there are a number of large-scale soil reclamation projects that are anticipated to come in early in 2015 that are expected to provide additional cash flow uncommon for that time of year. MCL continues to focus on securing additional commercial waste hauling volumes specifically into our contracted facilities where these disposal fees can be captured within the company. Municipal solid waste volumes through the contracted facilities remain constant or growing as people continue to move into the Province of Alberta requiring more disposal and recycling services.

Energy Services:

The Energy Services division also continues to remain active with all operations running through TRAC Energy Services ("TRAC"). The recent acquisitions of Empire Tool (specialty pipe) in May 2014 and Winalta (wellsite accommodations) in August, 2014 has positioned TRAC as a much larger, turnkey service provider to oil and gas producers. This has benefited TRAC as many of its larger customers with longer projects have a preference towards single sourcing services from a trusted supplier like TRAC. TRAC's wellsite accommodations assets are currently operating at over 85% utilization and are overbooked through Q1 2015 with expected re-rentals coming from third party suppliers to meet this demand. TRAC's specialty drill pipe and handling equipment are also experiencing above average demand for this time of year.

About CERF Incorporated

CERF is a Canadian public corporation with two primary divisions: energy services and industrials. The energy services division is engaged in the rental of surface rentals, downhole equipment and accommodations to the Western Canadian Oil and Gas Industry. The industrials division is engaged in the rental of industrial and construction equipment and waste management. CERF has paid consecutive quarterly dividends since 2005 and trades on the TSX Venture Exchange under the symbol "CFL". CERF currently has 36,213,947 common shares issued and outstanding.

Cautionary Note Regarding Forward-Looking Information

This news release contains certain "forward-looking information" within the meaning of Canadian securities laws, which may include, but is not limited to, statements with respect to future events or future performance.

These statements reflect the current views of CERF with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by CERF, are inherently subject to significant business, economic, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause the resulting entity's actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements contained in this news release, and CERF has made assumptions based on or related to many of these factors. Such factors include, without limitation: the continuation of planned commercial, residential and infrastructure construction projects in Edmonton and surrounding area; fluctuations in the level of oil and natural gas exploration and development activities; fluctuations in the demand for well servicing and ancillary oilfield services; capital market liquidity available to fund customer programs; the start of planned large soil reclamation projects in early 2015 resulting in increased soil revenues to MCL; uncertainties associated with partner plans and approvals; the effects of seasonal and weather conditions on operations and facilities; the existence of competitive operating risks inherent in well servicing and ancillary oilfield services. Forward-looking information and statements are also based upon the assumption that none of the identified risk factors that could cause actual results to differ materially from the forward-looking information and statements will occur. Additional information regarding some of these risks, expectations or assumptions and other factors may be found under in the Annual Information Form for the year ended December 31, 2013 issued on April 24, 2014.

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.