CERF Incorporated Exercises Election to Accelerate Warrant Expiry Date

CALGARY, ALBERTA--(Marketwired - Aug. 21, 2014) - CERF Incorporated ("CERF") (TSX VENTURE:CFL) has given notice of the acceleration of the expiry date of series A warrants to purchase common shares of CERF (the "Series A Warrants") and series B warrants to purchase common shares of CERF (the "Series B Warrants") (collectively, the Series A Warrants and the Series B Warrants are, the "Warrants") issued pursuant to the warrant indenture dated July 25, 2013 (the "Warrant Indenture") between CERF and Valiant Trust Company. Each Warrant is exercisable to purchase one common share of CERF ("Common Share") at a price of (Cdn.) $3.15 per Common Share.

Pursuant to the terms of section 2.4 of the Warrant Indenture, at any time after the twelve (12) months following the date on which the Warrants were first issued, in the event that the closing price of the Common Shares on the TSX Venture Exchange is greater than (Cdn.) $3.55 for a period of fifteen (15) consecutive trading days (whether or not trading of Common Shares occurs on such days, provided that the Common Shares trade on at least five of such trading days) (the "Triggering Event"), CERF has the right to accelerate the expiration date of the Warrants by providing written notice to the holders of the Warrants (the "Triggering Event Notice") within thirty (30) days of a Triggering Event, that the expiry date of the Warrants has been accelerated to thirty (30) days following delivery of the Triggering Event Notice.

Effective at market close on August 20, 2014, the closing price of the Common Shares exceeded (Cdn.) $3.55 for the past fifteen (15) consecutive trading days. The original expiry date was eighteen (18) months from the date of issuance. Holders of the Warrants were advised by CERF that the Warrants will expire on September 30, 2014. Any Warrants remaining unexercised after this date will be cancelled.

In order to exercise Warrants, the holders thereof should review the procedures outlined in the certificate representing their Warrants and the Warrant Indenture.

ABOUT CERF

CERF Incorporated is a Canadian public corporation engaged in the rental, sale and service of industrial and construction equipment and waste management and environmental services. The Equipment Rental Segment includes the rental of residential, commercial and industrial construction-related equipment, including sales and service of equipment. It also includes the rental and sale of equipment to the drilling and service sectors of the oil and natural gas industry. The Waste Management Segment consists of complete waste facility management (six landfill sites in central Alberta) including waste facility design and construction services, recycling management and collection services, and consulting services. The Waste Management Segment also consists of waste removal and disposal from commercial, industrial and residential customers. CERF Incorporated trades on the TSX Venture Exchange under the symbol "CFL".

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.