ERA Carbon Offsets Ltd Announces Extension for Acquisition of Offsetters Clean Technology Inc. and Carbon Credit Corporation

October 15, 2012, Vancouver, British Columbia: ERA Carbon Offsets Ltd. (“ERA” or the “Company”) (TSX­-V: ESR) wishes to announce that it is continuing to work towards the conclusion of definitive agreements with the shareholders of Offsetters Clean Technology Inc. and Carbon Credit Corp. with respect to the Company's proposed acquisition (the "Acquisition") of these two companies.  The Acquisition was first announced on September 17, 2012.

 

Robert Falls, Ph.D., R.P.Bio.
Chairman

ERA Carbon Offsets

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, 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

 

For further information, please contact:

 

David Rokoss
ERA Carbon Offsets Ltd.
110 – 788 Harbourside Drive,
North Vancouver, BC V7P 3R7
Telephone: 604-973-6512
Email: david.rok...@eraecosystems.com

 

Additional information on ERA can be found on the corporate website www.eracarbonoffsets.com or by contacting inves...@eracarbonoffsets.com

 

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.