ERA Carbon Offsets Ltd.
TSX VENTURE : ESR

ERA Carbon Offsets Ltd.

December 13, 2010 12:30 ET

ERA Carbon Offsets Ltd. Announces the Execution of a Carbon Offset Sales Agreement Valued at Over $11,000,000 CAD With the Forest Carbon Group AG

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 13, 2010) - ERA Carbon Offsets Ltd. (TSX VENTURE:ESR) is pleased to announce that it has successfully concluded a Carbon Offset Sales Agreement, previously announced in its Press Release dated September 24, 2010, with the German company the Forest Carbon Group AG (FCG).

The transaction, which concluded with the execution of the Sales Agreement on December 8, 2010, will deliver FCG validated and verified Carbon Offsets from 2011 though 2013. The Agreement represents over $11,070,000 CAD in revenues for the company.

The Carbon Offsets are being produced from ERA's forest restoration and conservation projects based in Canada. The Carbon Offsets will be validated and verified to the International Standard Organization's ISO 14064-2 standard and if applicable, to the Community, Climate and Biodiversity Alliance's CCBA standard or a mutually agreed upon equivalent standard. All Carbon Offsets will be serialized and registered on the international Markit Environmental Registry.

Dr. Robert Falls, ERA's Chief Executive Officer, commented: "The execution of this large Sales Agreement ensures continued production and deliveries for the company through 2013, while supporting substantial growth in ERA's revenue forecasts. We thank FCG for its continued support of ERA's rapidly growing presence in the international Carbon Offset marketplace."

About ERA Carbon Offsets Ltd.

ERA is a Canadian pioneer in forest restoration and conservation carbon offset projects. The company's Community Ecosystem Restoration Program located in the Lower Fraser Valley, British Columbia, began in 2005 in the District of Maple Ridge, and has grown to include five communities including Metro Vancouver. ERA has delivered over 1,000,000 tonnes of carbon offsets to the voluntary market and is engaged in forest carbon projects in Canada, Africa and the Hawaiian Islands to supply the North American and the international voluntary and pre-compliant markets. ERA's clients and product users include Air Canada, Catalyst Paper, HSE – Entega, Rolling Stone Magazine, Shell Canada Limited, The Forest Carbon Group AG, and The Globe Foundation of Canada. ERA's carbon offsets are being validated to the ISO 14064, CCBA, PFSI-VER and VCS standards.

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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