CERF Incorporated Announces Issuance of Stock Options

CALGARY, ALBERTA--(Marketwired - May 31, 2016) - CERF Incorporated (the "Company" or "CERF") (TSX VENTURE:CFL) announces that options to purchase 900,000 common shares of the Company were granted today to officers, employees and consultants of the Company with an exercise price of $0.48 per share. The 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 options will vest as to one third thereof on each of the first, second and third anniversaries of the date of grant.

The foregoing options have been granted following the recently announced changes to CERF's divisional management team and following the addition of new employees.

About CERF Incorporated

CERF is a Canadian public corporation with three operating divisions: Energy Services, General Rentals and Waste Management. 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 General Rentals division is engaged in the rental of industrial and construction equipment. The Waste Management division is engaged in waste facilities management and collections. CERF trades on the TSX Venture Exchange under the symbol "CFL".

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.