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CERF announces appointment of new CFO

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Oilfield Technology,

CERF Inc. has announced that Mr. Ken Olson has been appointed Chief Financial Officer of CERF, effective 1 May 2016. Mr. Olson replaces Mr. Derrek R. Wong, who has resigned as Vice President, Finance and CFO of CERF. Mr. Wong will work closely with Mr. Olson, and Mr. Ken Stephens, CERF's founding CFO and a director of CERF, to ensure a seamless transition.

Mr. Olson is an accomplished finance and accounting executive with more than 23 years of experience. Before joining CERF, Mr. Olson served as the CFO of a publicly traded oilfield drilling and completion services company operating both in Canada and internationally. Mr. Olson also served as Vice President, Finance for Sanjel Corp.

"We are very excited to welcome Ken to the CERF executive team. He brings decades of experience and deep leadership skills to CERF," said Austin Fraser, President, CERF Inc. "With his broad business background and accomplishments in the Energy Services Sector, Ken's understanding of operational efficiencies will be instrumental to CERF'S ongoing transformation".

Edited from press release by

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