CERF Incorporated Announces Dividend of $0.06 per Share

TSX Venture Symbol: CFL

CALGARY, Dec. 24, 2012 /CNW/ - The board of directors of CERF Incorporated ("CERF Inc.") announces that they have declared a cash dividend to the shareholders of $0.06 per share for the fourth quarter of 2012. This dividend plus previous dividends paid during the year amounts to $0.24 per share on an annualized basis. Payment will be made on or about January 15, 2013, to shareholders of record as of the close of business on December 31, 2012.

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

All Dividends paid by CERF Inc. 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 Inc. 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 Inc. 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 the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: CERF Inc.

Wayne Wadley, President & CEO at [phone], by email at [email protected] or Ken Stephens, V.P. Finance & CFO at [phone], by fax at [phone], by email at [email protected]