Canadian Equipment Rental Fund Limited Partnership Announces Distribution of $0.15 per Unit

    TSX Venture Symbol: CFL.UN

    CALGARY, Sept. 17 /CNW/ - The board of directors of the general partner
for Canadian Equipment Rental Fund Limited Partnership (the "Partnership"), is
pleased to announce that, as a result of continued strong financial
performance for the second quarter of fiscal 2007, they have approved a cash
distribution to the Partnership unitholders of $0.15 per unit. If continued,
this will represent $0.60 per unit on an annualized basis. Payment will be
made on or about October 12, 2007, to unitholders of record as of the close of
business on September 28, 2007.
    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 5,436,283 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.

    %SEDAR: 00022335E

For further information:

For further information: contact 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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