First quarter 2008 results and discussion
                           Friday, April 25, 2008
                          11:00 a.m., Eastern Time

    CALGARY, March 25 /PRNewswire-FirstCall/ - CE Franklin Ltd. will
release its earnings report for the First Quarter Ended March 31, 2008,
through CNW Group, on Thursday, April 24, 2008 after the close of the
markets. It will also be posted on the Company's website at
http://www.cefranklin.com.

    The Company will then host its financial analyst conference call on
Friday, April 25, 2008 at 11:00 a.m. Eastern Time (9:00 a.m. Mountain Time)
to discuss its earnings report for the First Quarter Ended March 31, 2008.

    Participants may join the call by dialing 1-416-644-3414 in Toronto or
dialing 1-800-733-7571 at the scheduled time of 11:00 a.m. Eastern Time.
For those unable to listen to the live conference call, a replay will be
available at approximately 1:00 p.m. Eastern Time on the same day by
calling 1-416-640-1917 in Toronto or dialing 1-877-289-8525 and entering
the Passcode of 21267188 followed by the pound sign and may be accessed
until midnight Monday, May 5, 2008.

    The call will also be webcast live at:
http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2209460 and will be
available on the Company's website at http://www.cefranklin.com.

    Michael West, Chairman, President and Chief Executive Officer will lead
the discussion and will be accompanied by Mark Schweitzer, Vice President
and Chief Financial Officer. The discussion will be followed by a question
and answer period.

    Thank you for your interest in CE Franklin. We look forward to your
participation in the conference call.

    About CE Franklin

    For more than half a century, CE Franklin has been a leading supplier
of products and services to the energy industry. CE Franklin distributes
pipe, valves, flanges, fittings, production equipment, tubular products and
other general oilfield supplies to oil and gas producers in Canada as well
as to the oilsands, refining, heavy oil, petrochemical, forestry and mining
industries. These products are distributed through its 44 branches, which
are situated in towns and cities serving particular oil and gas fields of
the western Canadian sedimentary basin.

    Forward-looking Statements: The information in this news release may
contain "forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities Exchange Act
of 1934 and other applicable securities legislation. All statements, other
than statements of historical facts, that address activities, events,
outcomes and other matters that CE Franklin plans, expects, intends,
assumes, believes, budgets, predicts, forecasts, projects, estimates or
anticipates (and other similar expressions) will, should or may occur in
the future are forward-looking statements. These forward-looking statements
are based on management's current belief, based on currently available
information, as to the outcome and timing of future events. When
considering forward-looking statements, you should keep in mind the risk
factors and other cautionary statements and refer to the Form 20-F or our
annual information form for further detail.

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