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Vancouver, British Columbia – March 15, 2012 – Wildlife Works Carbon LLC, founders of CODE REDD, are pleased to announce that ERA Carbon Offsets Ltd. (TSX VENTURE:ESR) (“ERA”) have signed on as the first REDD (Reducing Emissions from Deforestation and Degradation) project developer for CODE REDD, an international campaign to save the world’s threatened forests. Mike Korchinsky, Founder and CEO of Wildlife Works and the CODE REDD Campaign made the announcement Wednesday at the Globe 2012 Trade Conference in Vancouver alongside Bart Simmons, COO of ERA.
Mike Korchinsky stated, “It is with great pleasure that we welcome ERA as the first project development signatory to the CODE REDD Campaign. It is appropriate that we make the announcement here in Vancouver at Globe 2012, as ERA is a Vancouver based company that has been an early leader in large scale forest restoration and conservation using carbon as a tool to finance their development. The goal of CODE REDD is to reverse the large scale deforestation and degradation of the world’s threatened forests, and ERA’s experience and leadership will help achieve this goal, beginning with the Mai Ndombe REDD project in the Democratic Republic of Congo.”Duncan Manson, CEO of ERA, comments, “CODE REDD is an important call to action for the private sector, and it’s fitting that we make this announcement with our joint venture colleagues Wildlife Works, at Globe 2012, where private sector sustainability leaders come to learn, network and do business. We are excited to be a part of this revolutionary Campaign, while showcasing the work being done at Mai Ndombe in the Democratic Republic of Congo. We look forward to working with the visionaries within the CODE REDD team and at Wildlife Works.”
About CODE REDD
Forests are disappearing at an alarming rate of 13 million hectares per year, (FAO 2010), and are vital to the global ecosystem. The CODE REDD campaign was initially funded and launched by Wildlife Works, but it is an open initiative bringing together corporate carbon offset buyers, REDD project developers, indigenous forest owners, forest nation governments, NGOs, verification organizations, standards bodies, market platforms and other concerned entities to tackle this critical challenge.
REDD is a forest conservation program originated by the United Nations (UN) to help stop the destruction of the world’s forests, and is an effective solution that is already working in pioneering projects around the world. REDD projects within the CODE REDD Campaign are required to be validated and verified under both the Verified Carbon Standard (VCS) and the Climate Community and Biodiversity Standard (CCB) to ensure the project’s integrity.
Additional information about the CODE REDD Campaign can be on their website: www.CODEREDD.com.
About ERA Carbon Offsets Ltd.
A pioneer in carbon offset projects based on forest conservation and restoration, ERA has delivered over two million tonnes of carbon offsets to the voluntary market from a variety of international forestry based projects. The company’s Community Ecosystem Restoration Program (“CERP”) began in 2005 in British Columbia, Canada, and has delivered large scale restoration of riparian ecosystems throughout the Lower Mainland of British Columbia. ERA’s successful project development activities include the award winning Darkwoods and Denman Island forest carbon projects, the first REDD concessions in the Democratic Republic of Congo in central Africa and Improved Forest Management projects in the United States which are expected to deliver ARB compliant tonnes for the California market beginning in 2013. Our activities span Canada, Africa, the United States and New Zealand. ERA’s carbon offset projects are validated and verified to ISO-14064, CCBA, PFSI-VER, CAR and VCS standards and sell into voluntary and pre-compliance carbon markets. ERA’s clients and product users include Air Canada, Catalyst Paper, Rolling Stone Magazine, HSE – Entega, Forest Carbon Group AG, and Shell Canada Limited.
Additional information about ERA can be found on the corporate website www.eraecosystems.com.
About Wildlife Works LLC
Wildlife Works is the world’s leading REDD project development and management company with a unique approach to applying innovative market based solutions to the conservation of biodiversity. The company established a successful model that uses the emerging marketplace for REDD carbon offsets as a sustainable and scalable funding mechanism for biodiverse forest protection and to help local landowners in the developing world to monetize their forest and biodiversity assets whether they are indigenous peoples, governments, communities, ownership groups or private individuals.
Wildlife Works’ flagship “Kasigau Corridor REDD project” was the first REDD project to achieve validation, verification, and issuance of REDD carbon credits under both the Verified Carbon Standard, (VCS), and the Climate, Community, and Biodiversity Standard (CCB).
Additional information about Wildlife Works can be found on the corporate website www.wildlifeworks.com.
On behalf of the Board of Directors,
ERA CARBON OFFSETS LTD.
Duncan J. Manson, Chief Executive Officer
Additional information on ERA can be found on the corporate website www.eracarbonoffsets.com or by contacting firstname.lastname@example.org.
FORWARD LOOKING STATEMENTS: This document includes forward-looking statements as well as historical information. Forward-looking statements include, but are not limited to, the continued advancement of the company’s general business development, research development and the company’s development of forest-based carbon offsets. When used in this document, the words “anticipate”, “believe”, “estimate”, “expect”, “intent”, “may”, “project”, “plan”, “should” and similar expressions may identify forward-looking statements. Although ERA Carbon Offsets Ltd. believes that their expectations reflected in these forward looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements include fluctuations in the marketplace for the sale of carbon credits, the inability to implement corporate strategies, the ability to obtain financing and other risks disclosed in our filings made with Canadian Securities Regulators.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
ERA Carbon Offsets Ltd.
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