CERF Incorporated Provides Capital Expenditure and Contract Extensions Update

Mr. Wayne Wadley, President of CERF Incorporated  (the "Company" or "CERF Inc.")
(TSX VENTURE:CFL), is pleased to announce that the Board of Directors of the
Company has approved a significant increase to CERF Inc.'s capital budget for
2014. Capital spending for 2014 is forecast to be $11,300,000 compared to the
$7,700,000 that was spent in 2013 (representing a 47% increase year over year).
Maintenance capital, which is defined as the amount of capital expenditures
required to keep our operating assets functioning at the same level of
efficiency and to maintain the average age of the rental fleets at approximately
the same average age as it was at the end of the previous year, is forecasted to
be $4,000,000 for 2014 vs. $3,700,000 in 2013. The balance of $7,300,000 of the
capital budget will be used for growth within the various CERF businesses.


Mr. Wadley is also pleased to announce that its wholly owned subsidiary MCL
Waste Systems & Environmental Inc., ("MCL") has been awarded operating contract
extensions to its core business at three of its managed municipally owned
facilities located around central and northern Alberta. The aggregate value of
these base contract extensions is approximately $23,000,000 over various periods
of up to five years. Under the base contracts, MCL has the opportunity for extra
contract work at two of these facilities. In addition to these extensions, MCL
has been awarded a municipal waste transfer operations contract valued at
$1,400,000 million for a three year period with provision for two one year
extensions valued at an additional $950,000 when adjusted for inflation.


Mr. Wadley makes the following statements:

"Based on strong demand for our construction and oilfield related equipment, the
Board of Directors believed that it was important to increase our 2014 capital
budget to take advantage of this activity. Construction activity in the Edmonton
and surrounding northern Alberta areas is forecasted to be robust for the next
several years as both major and smaller projects are kicking off or are on the
books for development. This activity also can translate into increased
opportunities for the collection, transportation and placement of construction
waste through the various operated MCL facilities in the region, garnering
increased profits for that company.


We are also excited to have the MCL contracts extended. MCL provides a sound
business model that brings predictability of profitability to the CERF Inc.
group of companies and to have these extensions for up to five years validates
that model. These extensions underscore the expertise of the MCL management and
staff to continue to provide top level service to the various municipal
authorities."


CERF Inc. is engaged in the rental, sale and service of industrial, construction
and oilfield equipment and waste management and environmental services. CERF
Inc. which trades on the TSX Venture Exchange under the symbol "CFL" and
currently has 16,059,356 shares issued and outstanding.


Forward-Looking Statements

Certain information contained herein relating to, but not limited to, CERF Inc.
and its subsidiaries, and the statements of Mr. Wadley, constitutes
forward-looking information under applicable securities laws. All statements,
other than statements of historical fact, which address activities, events or
developments that CERF Inc. expects or anticipates may or will occur in the
future, are forward-looking information. Forward- looking information typically
contains statements with words such as "may", "estimate", "anticipate",
"believe", "expect", 'plan", "intend", "target", "project", 'forecast" or s
imilar words suggesting future outcomes or outlook. Forward-looking statements
in this news release include, but are not limited to, the amount of CERF Inc.'s
forecasted 2014 capital spending, the portion thereof committed to maintenance
capital and statements with respect to forecasted construction activity in the
Edmonton and surrounding northern Alberta area and the resultant increased
opportunities for MCL and by implication for CERF Inc.


Although CERF Inc. believes that the expectations conveyed by the
forward-looking information are reasonable based on information available on the
date of preparation, no assurances can be given as to future results, levels of
activity and achievements. Demand for rental equipment may decline, construction
activity in the current and future years may not be robust, anticipated
construction projects may not be started or completed. Construction projects if
started and completed may not translate into increased opportunities for the
collection, transportation and placement of construction waste through
facilities operated by MCL. Undue reliance should not be placed on the
information contained herein, as actual results achieved will vary from the
information provided herein and the variations may be material. CERF Inc. makes
no representation that actual results achieved will be the same in whole or in
part as those set out in the forward-looking information. Furthermore, the
forward-looking statements contained herein are made as of the date hereof and
CERF Inc. does not undertake any obligation to update publicly or to revise any
forward -looking information, whether as a result of new information, future
events or otherwise. Any forward-looking information contained herein is
expressly qualified by this cautionary statement.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
CERF Incorporated
Wayne Wadley
President and CEO
[phone]
[e-mail]


CERF Incorporated
Ken Stephens
CFO
[phone]
[phone] (FAX)
[e-mail]