MAY 31, 2012  — Cervus Equipment Corporation ("Cervus") (TSX: CVL) today announced that it has purchased from an arm’s length party 21.58 acres of land just north of the Calgary city limits with the intention of constructing a dealership location to house its Calgary and area authorized John Deere equipment dealership.

The purchase price for the land was $8,524,100, paid via cash and an approved mortgage already in place. Cervus plans to use approximately half the land purchased for the dealership and sub�divide and sell the remaining portion assuming suitable buyers can be located and the properties can be sold on reasonable terms.

About Cervus

Cervus acquires and manages authorized agricultural, commercial, industrial and transportation equipment dealerships in Western Canada through 35 dealership locations in Alberta, Saskatchewan and Manitoba. Cervus holds an approximate 60% equity interest in Agriturf Limited, a New Zealandâ€?based corporation that offers authorized John Deere equipment, parts and service in the Manawatu, Rotorua, Hawke’s Bay and Taranaki regions. The primary equipment brands represented by Cervus include John Deere agricultural equipment; Bobcat and JCB construction equipment; Clark, Sellick, Nissan and Doosan material handling equipment; and Peterbilt transportation equipment. The common shares of Cervus are listed on the Toronto Stock Exchange and trade under the symbol "CVL".

For further information, please contact:

Graham Drake – CEO of Cervus Equipment Corporation
Telephone: (403) 567�2095
Fax: (403) 567�0392

Forward Looking Information

Randy Muth – Chief Financial Officer of Cervus Equipment Corporation Telephone: (403) 567â€?0339
Fax: (403) 567�0392


Symbol: CVL (TSX)