CE Franklin Announces CFO Change

CE FRANKLIN LTD.

announces the promotion of Mr. Derren Newell to the position of chief financial officer. Mr. Newell, previously Financial Controller has extensive experience and expertise in finance, accounting, audit, tax and a wealth of experience with strategic and operational support in the energy and distribution industries. Mr. Newell succeeds Mr. Mark Schweitzer who is leaving CE Franklin to pursue an opportunity with an oil sands development company. "Our succession planning and bench strength allows a strong performer to step into the role to continue to advance CE Franklin's strategies," said Michael West, President and CEO. "On behalf of our board of directors and management team, I would like to thank Mark for his commitment and contribution during his tenure at CE Franklin. Mark helped move forward our acquisition and diversification strategies and Derren will help us continue on this path," added Mr. West.