SOURCE: BluForest Inc.

BluForest Inc.

October 22, 2013 07:00 ET

BluForest Inc.: Delhi's Urban Forestry Project Carbon Credits May Be Entitled to Carbon Credits

QUITO, ECUADOR--(Marketwired - Oct 22, 2013) - BluForest Inc. (OTCBB: BLUF) (OTCQB: BLUF)

In a press release issued by the Times of India on October 12, 2013, it was announced that he New Delhi government's urban forestry project, which is found in the "wasteland of Deramandi," was specially chosen by the United Nations Framework Convention Climate Change (UNFCC) for clean development mechanism (CDM)1. The forest department officials had stated that this urban forestry project is the only such project to be selected from India.

The article by Jayashree Nandi explains that the "project focuses on rejuvenating grasslands and planting native varieties. The land, spanning across 358 hectares in the southeastern part of the southern Aravali ridge, is very close to Delhi-Haryana border."

Nandi further clarifies that the "project design document shows the region had a flourishing flora and fauna till 1900 AD but increased urbanization and open cast quartzite mines resulted in encroachment and degradation. In the absence of adequate staff, the government handed the project to the Eco-Task Force (ETF) of Indian Territorial Army, with plantation being done mainly by former Army personnel from ETF under the guidance of the forest department. The project, which was launched in 2008, has been planned for a 30-year period. Between 2008 and 2013, it may have managed to save 1,992 tonnes of CO2 equivalent, and can cut down on almost 7,873 tonnes of CO2 in 2018."

It is estimated that the project will save approximately 12,138 metric tonnes CO2 equivalent per annum.

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.

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On behalf of the Board of BluForest Inc.

1 http://articles.timesofindia.indiatimes.com/2013-10-12/delhi/42967524_1_carbon-credits-clean-development-mechanism-forest-department

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