Canadian Equipment Rental Fund Limited Partnership Announces Distribution of $0.16 per Unit

    TSX Venture Symbol: CFL.UN

    CALGARY, June 19 /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 first and second quarters of fiscal 2008, they have
approved a 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 July 14, 2008, to unitholders of record as of
the close of business on June 30, 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 5,781,028 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: Wayne Wadley, President & CEO at (403)
850-4095, by email at or Ken Stephens, CFO at (403)
298-8695, by email at

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