ERA Carbon Offsets Ltd.
TSX VENTURE : ESR

ERA Carbon Offsets Ltd.

April 14, 2010 12:15 ET

ERA Carbon Offsets Builds Strong Advisory Board

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 14, 2010) - ERA Carbon Offsets Ltd. (TSX VENTURE:ESR) (the "Company" or "ERA"), is pleased to announce the creation of a strategic Advisory Board, comprised of carbon industry experts. 

The purpose of the Advisory Board is to provide ERA's Senior Management and its Board of Directors, expert advice on evolving international and domestic climate policies, market conditions, technology, and carbon industry developments in order to ensure the company is fully prepared to do business effectively in the growing and dynamic carbon marketplace. The Advisory Board will also provide intelligence on carbon standard and registry developments.

The three member board will initially include:

Dr. John Wiebe, CEO Globe Foundation of Canada, Vancouver

Dr. Wiebe is currently President and CEO of the GLOBE Foundation, and CEO of Sustainable Media Group (SMG) LLC. Until May of 2005 Dr. Wiebe was the President and CEO of the Asia Pacific Foundation of Canada. He is a member of the Board of Directors of the International Centre for Sustainable Cities, ECO Canada, and past Chair of the National Roundtable on the Environment & the Economy. Dr. Wiebe has an extensive background in both the private and government sectors holding senior positions in various federal government departments in Canada as well as with private sector companies. His experience and activities are focused mainly on the energy and environment sectors.

Mr. Wiebe received degrees from the University of Manitoba (BSc) and McGill University (PhD) and was awarded the Meritorious Service Medal of Canada by the Governor General in 2003 for service to his country. Dr. Wiebe will act as the Advisory Board's first Chair.

Dr. Eliane Ubalijoro, Professor, McGill University, Montreal

Dr. Eliane Ubalijoro is an Adjunct Professor of Practice for Public-Private Sector Partnerships at McGill University's Institute for the Study of International Development. She is currently a member of the Presidential Advisory Council for H.E. President Paul Kagame of Rwanda. She led a capacity building workshop for bio-based productsat the Kigali Institute of Science and Technology which brought together scientists from institutions in East Africa, South Africa, India and Canada McGill to develop an action plan for building sustainable bio-based economies for the region. Dr. Ubalijoro is currently working on research supporting sustainable development, biodiversity management and peace building in Rwanda.

Mr. Murray Ward, Global Climate Change Consultancy, London

Mr. Ward is the Managing Director of Global Climate Change Consultancy, a specialist consultancy, in 2003. GCCC specializes in assisting public and private sector groups to understand international climate change policy and develop strategic programs to identify opportunities and risks and means to engage on issues that are key to their interests. Mr. Ward's current work is focused on enhanced mechanisms for the post-2012 agreement and engagement of the finance and investment sector.

From 1996 to 2002 Mr. Ward led the New Zealand Ministry for the Environment's climate change team. In addition, he was a leading senior negotiator in NZ delegations to international climate change meetings. Mr. Ward is considered to be one of the key architects of the Kyoto framework, in particular for his international work on Land-Use, Land-Use Change and Forestry and market trading mechanisms. This has included chairing key rules-drafting groups and the development of the international emissions unit registries system. 

Additional Advisory Board members will be added as appropriate, as ERA's business and operations evolve.

ERA has granted incentive stock options to the Advisory Board members to purchase a total of 325,000 common shares in its capital stock at a price of $0.75 per share, exercisable until April 13, 2015. The formal granting of the stock options is subject to approval of ERA's shareholders at its forthcoming annual general meeting. 

Rob Falls commented, "This group of experts brings to ERA an unprecedented depth of strategic knowledge and market intelligence. We are honoured to have this elite collection of individuals agree to support ERA in its growing role as a pioneer and leader in the international carbon offset industry."

About ERA Carbon Offsets Ltd.

ERA is a Canadian based pioneer in forest-based carbon offset programs and project development. Through its subsidiary, ERA Ecosystem Restoration Associates Inc., ERA produces significant, measurable carbon sequestration benefits that are validated and verified to international standards and sold to purchasers interested in offsetting their greenhouse gas footprints as a means of mitigating the effects of climate change. ERA is producing offsets from the company's "Community Ecosystem Restoration Program" (CERP) in the Lower Fraser Valley, near Vancouver, British Columbia. ERA is also developing projects in Africa, South America and the United States. ERA has generated ISO validated and verified Voluntary Emission Reductions (VERs) from the CERP project; to supply clients and offset users that include: HSE, Rolling Stone Magazine, Shell Canada Ltd., Air Canada, the Motion Pictures Producers Industry Association, and the Globe Foundation.

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

On behalf of the Board of Directors of
ERA CARBON OFFSETS LTD.

"Robert Falls"

Chief Executive Officer

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.

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