Canadian Equipment Rental Fund Limited Partnership files final short form prospectus for previously announced Best Efforts Offering



    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES OF AMERICA./

    CALGARY, Dec. 12 /CNW/ - Canadian Equipment Rental Fund Limited
Partnership ("CERF LP") has filed a final short form prospectus with
securities regulatory authorities in the Provinces of Alberta, British
Columbia and Ontario in connection with the previously announced public
offering of limited partnership units ("Units") of CERF LP (the "Offering").
The Units are to be offered on a best efforts basis.
    The Offering is being led by Cormark Securities Inc. as lead agent to a
syndicate of agents that includes PI Financial Corp. Pursuant to the Offering,
CERF LP has agreed to issue and sell a minimum of 200,000 Units and a maximum
of 450,000 Units at a price of $5.00 per Unit, for gross proceeds of a minimum
of $1,000,000 and a maximum of $2,250,000.
    The Offering is expected to close on or about December 20, 2007. The
Offering is subject to certain conditions including, but not limited to, the
receipt of all necessary approvals, including the approval of the TSX Venture
Exchange.
    The proceeds of the Offering will be used to fund the purchase of
equipment and to thereby expand CERF LP's rental fleet and for general
partnership purposes.

    CERF LP is a Canadian limited partnership engaged in the rental, sale and
service of industrial and construction equipment. CERF LP is listed on the TSX
Venture Exchange under the symbol "CFL.UN" and currently has 5,440,033 Units
issued and outstanding.

    FORWARD LOOKING STATEMENTS

    This press release contains forward-looking statements. These
forward-looking statements are subject to various risk factors and
uncertainties, which may cause the actual results, performances, cash flows or
the ability to pay distributions to be materially different from the results,
performances, cash flows or the ability to pay distributions expressed or
implied by such forward-looking statements.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.




For further information:

For further information: Wayne Wadley, President & CEO, at (403)
850-4095, by fax at (403) 261-3834, by email at wwadley@cerflp.com; or Ken
Stephens, CFO, at (403) 298-8695, by email at kstephens@cerflp.com

Organization Profile

CANADIAN EQUIPMENT RENTAL FUND LIMITED PARTNERSHIP

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