SOURCE: BluForest Inc.

BluForest Inc.

August 21, 2013 16:40 ET

BluForest Inc. Captivated as China's Carbon Permits Exceed EU'S Price

QUITO, ECUADOR--(Marketwired - Aug 21, 2013) - BluForest Inc. (OTCBB: BLUF) (OTCQB: BLUF)

BluForest is captivated observing the Carbon permits on the Shenzhen Emissions Exchange rose to a price exceeding those in Europe. The Shenzhen market is one of seven trial markets in China.1

Shenzhen's market includes about 635 companies. It traded 21,112 tons of carbon in only eight transactions valued at 613,236 yuan on June 18. Charlie Cao, a Beijing-based analyst for New Energy Finance stated that the Shenzhen carbon allowances for 2013 increased to 43 yuan ($7) a metric ton on August 20, 2013. "Those trades show that at least some companies are increasingly serious about carbon trading," he said.2

The Shenzhen exchange had no carbon trades in July, and volume ranged from 500 to 7,000 tons from Aug. 5 to Aug. 10.3

About BluForest Inc.

BluForest Inc. is a development stage company that is a publically traded carbon offsets marketing and renewable energy company. BLUF is executing its strategy to become a leading marketer of carbon offsets in the voluntary markets under the UN principle of Reducing Emissions from Deforestation and forest Degradation (REDD+). The BluForest website provides further information about the company which prospective investors are encouraged to visit.

Safe Harbor Act Notice: Statements contained herein that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, the company's ability to obtain additional financing and the demand for the company's products. Any investment in the company would be extremely speculative and involve a high degree of risk and should not be pursued unless the investor could afford to lose their entire investment. Before investing, please review this filing, all past public filings with the SEC, all current Pinksheets.com filings and consult a registered broker dealer or contact the financial industry regulatory authority ("FINRA") for more information regarding locating a qualified party to assist in making an investment decision. The company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the company's success are more fully disclosed in the company's most recent public filings with the U.S. Securities and Exchange Commission. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

On behalf of the Board of BluForest Inc.

1 http://www.bloomberg.com/news/2013-08-21/carbon-permits-rise-on-china-s-first-market-to-exceed-eu-price.html
2 Ibid.
3 Ibid.

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