CERF Incorporated Announces Dividend of $0.06 per Share

TSX Venture Symbol: CFL

CALGARY, March 21, 2012 /CNW/ - The board of directors of CERF Incorporated ("CERF Inc.") announces that they have approved a cash dividend to the shareholders of $0.06 per share for the first quarter of 2012. This dividend, if continued on a quarterly basis for the remainder of 2012, represents $0.24 per share annualized. Payment will be made on or about April 13, 2012, to shareholders of record as of the close of business on March 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.

CERF Inc. is a Canadian public corporation engaged in the rental, sale and service of industrial and construction equipment and waste management and environmental services. CERF Inc. trades on the TSX Venture Exchange under the symbol "CFL" and currently has 9,665,256 common shares issued and outstanding.

FORWARD LOOKING STATEMENTS

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 flows or the ability to pay distributions expressed or implied by such forward looking statements.

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.

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].