ERA Carbon Offsets Ltd.

ERA Carbon Offsets Ltd.

November 18, 2008 09:25 ET

ERA Carbon Offsets Ltd. Appoints New Directors and Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 18, 2008) - ERA Carbon Offsets Ltd. ("ERA" or the "Company") (TSX VENTURE:ESR) is pleased to announce that, at the Company's recently held board meeting, Stuart McNeill was appointed President and a Director of the company, Graham Harris was appointed a Director and Herrick Lau was appointed Chief Financial Officer ("CFO"). Stuart McNeill was also appointed Chairman of the Board.

The appointment of Herrick Lau follows the departure of Mr. Sandy Manson as CFO and his resignation as Director of the Company. ERA wishes to extend its thanks to Mr. Manson for his past services and contributions.

The Company would also like to announce that it intends to grant options to purchase up to 1,419,759 ERA common shares at a price of $0.15 per share exercisable for a period of five years from the date of grant, subject to applicable securities rules, regulations and the TSX Venture Exchange policies.

Stuart McNeill, Director, President and Chairman

Mr. McNeill served as the President of CIPAR Inc. ("CIPAR"), a Director of Cohesant Technologies Inc., the parent of CIPAR, and the CEO of Polaroid Digital Solutions, Inc. Mr. McNeill is currently the CEO of Lions Bay Media Inc. He holds a B.Comm and MBA from the University of British Columbia and is a Certified General Accountant.

Graham Harris, Director

Mr. Harris has over 20 years of experience in the finance industry. From 1999 to 2004, he was a Senior Vice President and Director at Canaccord Capital Corp., prior to which he served as a Senior Vice President and Director at Yorkton Securities. Mr. Harris currently serves on the board of two publicly listed companies, ATW Gold Corp. and Tribune Mineral Corp. He obtained his BA in Economics from the University of British Columbia in 1986.

Herrick Lau, CFO

Mr. Lau has been the Vice President, Corporate Finance of Baron Global Financial Canada Ltd. with prior experience as CFO of various listed companies and 15 years of experience in the investment banking industry. His industry practice as a finance executive in public companies involves developing financing strategy, liaising with external parties, devising business development plans and maintaining compliance with corporate governance. He is also a Chartered Financial Analyst (CFA) charter holder and has a BBA and a MA in Finance, both from Simon Fraser University.

Board of Directors

The Company's Board of Directors now consists of: Robert Falls, Bart Simmons, Duncan Manson, Graham Harris and Stuart McNeill.

About ERA Carbon Offsets Ltd.

Based in British Columbia, ERA Carbon Offsets Ltd. is a resource management company dedicated to carrying out community ecosystem restorations as a means of generating carbon offset products for the voluntary carbon neutral marketplace. The Company's common shares are listed on the TSX Venture Exchange under the symbol "ESR".

On behalf of the board of ERA CARBON OFFSETS LTD.

Robert W. Falls, PhD, CEO

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information