CE Franklin Ltd. Announces Normal Course Issuer Bid For Its Common Shares



    CALGARY, Jan. 6 /CNW/ - CE Franklin Ltd. (AMEX:   - CFK) announced today
that its Board of Directors has authorized the repurchase of up to 900,000 of
its common shares without par value ("Common Shares"), being approximately 5%
of the total number of Common Shares outstanding as of the date hereof, from
time to time in open market or privately negotiated transactions. The share
repurchase will be conducted solely through the facilities of AMEX and is
subject to prevailing market conditions and other considerations.

    For more than half a century, CE Franklin has been a leading supplier of
products and services to the energy industry. CE Franklin distributes pipe,
valves, flanges, fittings, production equipment, tubular products and other
general oilfield supplies to oil and gas producers in Canada as well as to the
oilsands, refining, heavy oil, petrochemical, forestry and mining industries.
These products are distributed through its 44 branches, which are situated in
towns and cities serving particular oil and gas fields of the western Canadian
sedimentary basin.

    Forward-looking Statements: The information in this news release may
contain "forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934
and other applicable securities legislation. All statements, other than
statements of historical facts, that address activities, events, outcomes and
other matters that CE Franklin plans, expects, intends, assumes, believes,
budgets, predicts, forecasts, projects, estimates or anticipates (and other
similar expressions) will, should or may occur in the future are
forward-looking statements. These forward-looking statements are based on
management's current belief, based on currently available information, as to
the outcome and timing of future events. When considering forward-looking
statements, you should keep in mind the risk factors and other cautionary
statements and refer to the Form 20-F or our annual information form for
further detail.




For further information:

For further information: Investor Relations, (800) 345-2858, (403)
531-5604, investor@cefranklin.com

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CE Franklin Ltd.

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