TMX group

CALGARY, March 10 /CNW/ - Canadian Equipment Rental Fund Limited
Partnership ("CERF LP" or the "Partnership") announced today that the board of
directors of its general partner (the "General Partner") has approved the
granting of 306,250 unit options to the directors, officers, employees and
consultants of the General Partner. Each option has a five year term and is
exercisable at a price of $1.43 per unit. After giving effect to the grant,
the Partnership will have a total of 316,250 unit options outstanding. The
grant is subject to the approval of the TSX Venture Exchange.
CERF LP is a Canadian 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 3,244,301 units
issued and outstanding.

The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
%SEDAR: 00022335E