CERF Incorporated Announces Dividend of $0.06 per Share

TSX Venture Symbol: CFL

CALGARY, June 24, 2013 /CNW/ - The Board of Directors (the "Board") of CERF Incorporated ("CERF") are pleased to announce that they have declared a cash dividend to the shareholders of $0.06 per share for the second quarter of 2013. This quarterly dividend if continued, in future quarters for the remainder of the year, will amount to $0.24 per share on an annualized basis. Payment will be made on or about July 15, 2013, to shareholders of record as of the close of business on June 30, 2013.

Investors are cautioned that future dividends are always subject to approval of the Board and may be increased, decreased or suspended by the Board at any time.

All Dividends paid by CERF to common shareholders will be designated as eligible dividends as defined in section 89(1) of the Income Tax Act of Canada unless otherwise indicated.

CERF is a Canadian public corporation engaged in the rental, sale and service of industrial, construction and oilfield equipment and waste management and environmental services. CERF trades on the TSX Venture Exchange under the symbol "CFL" and currently has 11,671,096 common shares issued and outstanding.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: CERF Inc.

For further information:

Wayne Wadley, President & CEO at (403) 850-4095, by email at wwadley@cerfcorp.com or Ken Stephens, V.P. Finance & CFO at (403) 281-1042, by fax at (403) 238-2720, by email at kstephens@cerfcorp.com.

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CERF Inc.

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