Canadian Equipment Rental Fund Limited Partnership Increases Private
Placement

TSX Venture Symbol: CFL.UN

CALGARY , Oct. 21 /CNW/ - CERF GP Corp., the general partner of Canadian Equipment Rental Fund Limited Partnership ("CERF LP"), is pleased to announce that CERF LP proposes to increase the amount of the previously announced private placement of limited partnership units ("Units") of CERF LP, at a price of $3.00 per Unit, to certain insiders of CERF LP, by 50,000 Units. CERF LP now proposes to issue a total of 216,670 Units for aggregate gross proceeds of $650,010 . The proceeds from the private placement will be used to fund the asset acquisition referred to in CERF LP's press release dated September 23, 2009 and for general partnership purposes. The foregoing increase to the private placement is subject to approval by the TSX Venture Exchange.

CERF LP is an Alberta limited partnership engaged in the rental, sale and service of industrial and construction equipment. CERF LP trades on the TSX Venture Exchange under the symbol "CFL.UN" and currently has 5,843,397 Units 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.
    

%SEDAR: 00022335E

For further information: Wayne Wadley, President and CEO, CERF GP Corp., general partner of CERF LP, Telephone: [phone], E-mail: [email protected]; Ken Stephens, CFO, CERF GP Corp., general partner of CERF LP, Telephone: [phone], Fax: [phone], E-mail: [email protected]