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  CE Franklin Ltd. - Conference call announcement

                 THIRD QUARTER 2007 RESULTS AND DISCUSSION
                          Friday, October 26, 2007
                          11:00 a.m., Eastern Time

    CALGARY, Sept. 25 /PRNewswire-FirstCall/ - CE Franklin Ltd. will
release its earnings report for the Third Quarter Ended September 30, 2007,
through CNW Group, on Thursday, October 25, 2007 after the close of the
market. 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, October 26, 2007 at 11:00 a.m. Eastern Time (9:00 a.m. Mountain
Time) to discuss its earnings report for the Third Quarter Ended September
30, 2007.
    Participants may join the call by dialing 1-416-644-3416 in Toronto or
dialing 1-800-732-9303 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 21248142 followed by the pound sign and may be accessed
until midnight Friday, November 2, 2007.
    The call will also be webcast live at:
http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2024000. The
webcast will also 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. The call is scheduled for a maximum of 45 minutes.
    Thank you for your interest in CE Franklin. We look forward to your
participation in the conference call.
    About CE Franklin
    CE Franklin distributes products and provides services and solutions to
the Canadian oil and gas industry. These products, services and solutions
are used for projects involving drilling and completions, production and
maintenance and capital construction. The Company was established more than
50 years ago and has a network of over 40 branches as well as many various
inventory stocking points across Canada primarily in the Western Canadian
Sedimentary Basin. All are connected by state-of-the-art technology that
provides our customers with a sophisticated supply chain management
solution.
    Smith International, Inc. is a major shareholder and owns approximately
51%, of the Company's outstanding shares, and CE Franklin partners with
Wilson Supply, a wholly owned subsidiary of Smith International. CE
Franklin trades on the TSX under the symbol CFT and on the AMEX under the
symbol CFK.
    Our employees are committed to delivering on the promises we have made
to our customers, partners, vendors, communities and shareholders. We
promise to listen, to improve, to work in partnership, to improve
economics, to generate new ideas and to create and build value.


  SOURCE CE Franklin Ltd.




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CONTACT:
Investor Relations, (800) 345-2858, (403)
531-5604, investor@cefranklin.com

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