Canadian Equipment Rental Fund Limited Partnership Announces Special Distribution of $0.065 per Unit

For Immediate Release

TSX Venture Symbol: CFL.UN

Calgary, April 13, 2007: The board of directors of the general partner for Canadian Equipment Rental Fund Limited Partnership (“CERF LP” or the “Partnership”), is pleased to announce that, due to the strong performance of fiscal 2006, they have approved a special cash distribution to the Partnership unitholders of $0.065 per unit. Payment will be made on or about April 27, 2007, to unitholders of record as of the close of business on April 20, 2007. This special distribution is not indicative of future performance.

Investors are cautioned that future distributions are always subject to approval from the board of directors of the general partner and may be increased, decreased or suspended by the board at any time.

CERF LP is a Canadian limited partnership engaged in the rental, sale and service of industrial and construction equipment. CERFLP trades on the TSX Venture Exchange under the symbol "CFL.UN" and currently has 5,158,596 units issued and outstanding.

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

For further information contact Wayne Wadley, President & CEO at (403) 850-4095, by fax at (403) 261-3834, by email at wwadley@cerflp.com or Ken Stephens CFO at (403) 298-8695, by email at kstephens@cerflp.com.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.