SOURCE: Amazonas Florestal

January 12, 2016 08:00 ET

Amazonas Florestal Ltd. Announces Acquisition of Earth Pass LLC and Amazon Sustainable Development Corp.

MIAMI, FL--(Marketwired - Jan 12, 2016) - Amazonas Florestal, Ltd. (www.amazonasf.com) (OTC PINK: AZFL), a natural resources Company dedicated to innovative, sustainable forest management, the certification and sales of carbon credits, and Industrial Hemp, today announced that the Company has completed the acquisition of Earth Pass LLC (EPL), which becomes a fully-owned subsidiary of the Company.

The Acquisition includes a fully licensed division in Brazil that has been producing wood products with their land holdings since 2007 under the name Amazon Sustainable Development Corp. It also includes 64,000 acres of native forest properties eligible for the certification of Carbon Credits through the United Nations REDD+ program.

Ricardo Cortez, Chairman of the Board of Amazonas Florestal, stated: "This acquisition of these valuable assets will increase shareholder value considerably and open the door to substantial opportunities for the Company in Brazil. Amazonas Florestal, through its new subsidiary ASD, can now officially begin work on the studies that will certify the Carbon Credits available on the ASD properties. All of the necessary vehicles are now in place to begin the studies in February under the direction of Peter Stebbins and key personnel in Brazil that become part of the Company as a result of this new acquisition."

J.C. Ubieto, Company IRO, stressed that "the conclusion of the due diligence in late December by Company representatives in Brazil means these much anticipated assets are now part of Amazonas Florestal. This opens many potentially lucrative doors in the large Brazilian nation. We have already been contacted by a number of agencies requesting information and offering project ideas to begin our Carbon Studies next month. The potential upside of this activity is significant and has focused interest on it. The COP20 meeting in Paris has created noteworthy interest and has focused attention on Carbon Credits and resulted in increased demand on the Voluntary Market for Carbon Credits."

About Amazonas Florestal Ltd.

Amazonas Florestal Ltd. is a natural resources company dedicated to innovative, sustainable management of large tracts of land in the rainforests of Amazonas, Brazil, that include the certification and sale of carbon credits and the growth, harvesting, research and development of Industrial Hemp and related products in the U.S.

Headquartered in Miami, Florida, Amazonas' goal is to become a leader in sustainable forest management and preservation, creating revenue while protecting the biodiversity of the rainforest ecosystem and enhancing the lives of the people who live in it. Through a strategy of selective harvesting, certification and sale of carbon, biomass and biofuel production, and conservation incentives, Amazonas Florestal intends to help protect one of the world's greatest natural resources and show how preservation can be a profitable activity.

Forward Looking Statements

Forward-looking statements in this release regarding Amazonas Florestal Ltd. are made pursuant to the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.

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