SOURCE: ECO2 Forests Inc.

ECO2 Forests Inc

November 24, 2009 11:00 ET

UPDATE - ECO2 Forests Inc.: Vanuatu Land Acquisition

SACRAMENTO, CA--(Marketwire - November 24, 2009) - ECO2 Forests Inc. or "the Company" (PINKSHEETS: ECOF), an international sustainable forestry company focused on reforestation and carbon sequestration projects, wishes to make an amendment to its previous release dated November 18, 2009 regarding the acquisition of 20,000 acres in the South Pacific country of Vanuatu for its first major reforestation project.

As per the terms of the agreement with the seller, the cash deposit for the land has been paid in full and the remaining balance for payment by way of 55,000,000 preferred shares of the Company still requires further steps to be completed. The majority shareholders and the board of directors of ECO2 Forests, Inc. have consented to the creation of the subsequent issue of the preferred shares; however an amendment to the Company's Articles of Incorporation is required to be filed with the state of Nevada. After such Nevada state filing is made, the Board will then issue an appropriate Certificate of Designation. The specific terms of such Certificate of Designation are being determined by the Board.

The Company strongly supports the transaction and the opportunity to work closely with a lesser developed country such as Vanuatu, and has made this press release to ensure the investment community is updated to the status of this significant transaction.

More information will be released in the coming weeks as the additional steps to complete this acquisition are finalized.

About ECO2 Forest, Inc.

ECO2 Forest Inc. (PINKSHEETS: ECOF) is an international sustainable forestry company focused on reforestation projects under our Global Forestry Plan for a positive environmental and economic impact through large scale bio-sequestration of carbon dioxide greenhouse gases, the generating of carbon credits for resale and the eventual growth and sale of sustainable timber to global markets.

In Management's view, our focus on proprietarily developed intellectual property regarding Kiri tree reforestation positions the Company well to take advantage of the emerging demand for renewable forests and the escalating carbon credit market.

Headquartered in Sacramento, California, the Company has adopted an 'E4 Philosophy' to achieve positive Environmental, Economic, Employment and Educational outcomes through its reforestation projects.

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Forward Looking Statements

This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results.

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