Canadian Equipment Rental Fund Limited Partnership Announces Appointment of Marc Mandin to Chief Operating Officer and Increase of Distribution to $0.16 per Unit

    TSX Venture Symbol: CFL.UN

    CALGARY, March 24 /CNW/ - The board of directors of the general partner
for Canadian Equipment Rental Fund Limited Partnership (the "Partnership" or
"CERFLP"), is pleased to announce that Mr. Marc Mandin, who is the current
general manager of the Partnership, will be appointed Chief Operating Officer
("COO") effective April 1, 2008. The appointment will increase Mr. Mandin's
responsibility for overall operations, strategic planning and development. The
board congratulates Mr. Mandin on his excellent contributions as general
manager and looks forward to his future contributions as Chief Operating
    The board of directors of the general partner for Canadian Equipment
Rental Fund Limited Partnership (the "Partnership"), also is pleased to
announce that, as a result of continued strong financial performance for the
first quarter of fiscal 2008, they have approved an increased cash
distribution to the Partnership unitholders of $0.16 per unit. If continued,
this will represent $0.64 per unit on an annualized basis. Payment will be
made on or about April 14, 2008, to unitholders of record as of the close of
business on March 31, 2008.
    Investors are cautioned that future distributions are always subject to
approval from the board of directors of the general partner and may be
increased, decreased or suspended by the board at any time.

    CERFLP is a Canadian limited partnership engaged in the rental, sale and
service of industrial and construction equipment. CERFLP trades on the TSX
Venture Exchange under the symbol "CFL.UN" and currently has 5,748,025 units
issued and outstanding.


    This press release contains forward looking statements 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 flow 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 or Ken
Stephens, CFO at (403) 298-8695, by email at

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