CALGARY, ALBERTA -- (Marketwired) -- 10/21/14

CERF Incorporated ("CERF") (TSX VENTURE:CFL) has granted 1,053,000 stock options to directors, officers and employees of CERF at an exercise price of $3.17.

The stock options have been granted pursuant to CERF's 10% rolling stock option plan and will expire five years from the date of grant. All of the stock options vest as to one third thereof on each of the first, second and third anniversaries of the date of grant. Subsequent to this stock option grant, CERF will have a total of 1,937,996 stock options outstanding.

About CERF Incorporated

CERF is a Canadian public corporation with two primary divisions: energy services and industrials. The energy services division is engaged in the rental of surface and downhole equipment and well site accommodations to the Western Canadian Oil and Gas Industry. The industrials division is engaged in the rental of industrial and construction equipment and waste management. CERF has paid consecutive quarterly dividends since 2006 and trades on the TSX Venture Exchange under the symbol "CFL". CERF currently has 36,211,447 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.

Contacts:
CERF Incorporated
Wayne Wadley
President and CEO
(403) 850-4095
wwadley@cerfcorp.com

CERF Incorporated
Derrek Wong
Vice President, Finance and CFO
(403) 354-5440
drwong@cerfcorp.com