CE Franklin Ltd. - Conference call announcement

                 Fourth quarter 2007 results and discussion

                           Friday, February 1, 2008

                           11:00 a.m., Eastern Time

    CALGARY, Jan. 14 /CNW/ - CE Franklin Ltd. will release its earnings
report for the Fourth Quarter Ended December 31, 2007, through CNW Group, on
Thursday, January 31, 2008 after the close of the market. It will also be
posted on the Company's website at http://www.cefranklin.com.
    The Company will then host its financial analyst conference call on
Friday, February 1, 2008 at 11:00 a.m. Eastern Time (9:00 a.m. Mountain Time)
to discuss its earnings report for the Fourth Quarter Ended December 31, 2007.
    Participants may join the call by dialing 1-416-644-3414 in Toronto or
dialing 1-800-733-7571 at the scheduled time of 11:00 a.m. Eastern Time. For
those unable to listen to the live conference call, a replay will be available
at approximately 1:00 p.m. Eastern Time on the same day by calling
1-416-640-1917 in Toronto or dialing 1-877-289-8525 and entering the Passcode
of 21259515 followed by the pound sign and may be accessed until midnight
Friday, February 8, 2008.
    The call will also be webcast live at:
http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2137520. The webcast
will also be available on the Company's website at http://www.cefranklin.com.
Michael West, Chairman, President and Chief Executive Officer will lead the
discussion and will be accompanied by Mark Schweitzer, Vice President and
Chief Financial Officer. The discussion will be followed by a question and
answer period.

    About CE Franklin

    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 42 branches, which are situated in
towns and cities serving particular oil and gas fields of the western Canadian
sedimentary basin.

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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