CERF Incorporated Reports on Exercise of Warrants

CALGARY, ALBERTA--(Marketwired - Oct. 3, 2014) - CERF Incorporated ("CERF" or "the Company") (TSX VENTURE:CFL) is pleased to report that, as of September 30, 2014, and following the notice of the acceleration of the expiry date of CERF's Series A and Series B warrants (the "Warrants"), as set out in CERF's August 21, 2014 press release, 4,197,167 Series A and 79,000 Series B warrants were exercised for common shares of CERF at an exercise price of $3.15 per share. CERF received approximately $13.5 million from the exercise of the Warrants.

Pursuant to the terms of section 2.4 of CERF's Warrant Indenture dated July 25, 2013, all Warrants that were unexercised as of September 30, 2014 have now been cancelled.

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 2006 and trades on the TSX Venture Exchange under the symbol "CFL". CERF currently has 36,196,001 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.