ERA Carbon Offsets Ltd.
TSX VENTURE : ESR

ERA Carbon Offsets Ltd.

March 25, 2009 09:25 ET

ERA Carbon Offsets Ltd.: Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 25, 2009) - Since ERA Carbon Offsets Ltd. ("ERA" or the "Company") (TSX VENTURE:ESR) began trading on the TSX Venture Exchange, the financial world has undergone an unprecedented transformation. Despite the adverse financial and economic environment, carbon markets have continued to grow and differentiate. With the unique combination of uncertainty and growth, ERA has undertaken measures to address the challenges and opportunities, while continuing to develop its core business for the voluntary markets.

The presented opportunities arise from a groundswell of international support in forest-based carbon offsets, driven by two linked factors: (1) a climate-sensitized business community that has an appetite for community-based forest programming; and (2) anticipated regulatory actions in the U.S. that are expected to both create large markets that will embrace forest-based offsets, and catalyze similar programming in Canada and other jurisdictions. ERA is addressing both opportunities by growing its community-based carbon offset programming and by inserting itself into the U.S. process. The latter is supported by a wholly-owned U.S. subsidiary, based in Hawaii, which can develop carbon offset products for both the voluntary and regulated marketplaces.

In addition, projects being developed in Equatorial Africa are expected to develop carbon offset products for consumption by voluntary markets in Europe and North America. Such projects may be fashioned to be applicable to the anticipated U.S. regulatory regime for carbon trading.

The challenges presented by uncertain international financial markets are being addressed by measures to preserve, and in some cases, redirect capital. New programming directed to marketing and sales, and innovative offset products, are being aggressively pursued. These developments will be reported upon in the near future. A 100,000 tonne sale to Shell Canada was completed in Q3, 2008, and a contract ensures as a minimum, an additional 400,000 tonnes of offsets will be sold to Shell Canada over the next 4 years. Contracts with a number of re-sellers and brokers are under negotiation. A number of further announcements are forthcoming, starting April 2009, when ERA will begin monthly updates and progress reports.

ERA is also pleased to announce that it has recently entered into an investor relations agreement (the "Agreement") with Stevenson & Associates Investor Relations Ltd. ("Stevenson & Associates" or the "Contractor"). As per the Agreement, Stevenson & Associates will provide investor relations services for a term of one (1) year commencing February 23, 2009 and any renewal thereof. The monthly contractor fee will be initially set at $4,000 CDN. The budgeted expenses related to investor relations activities, excluding the above noted monthly fee, are estimated to be $4,500 per month on average. The Company will grant options to Stevenson & Associates to purchase 119,759 ERA common shares at a price of $0.15 per share exercisable for a period of five years from the date of grant.

Stevenson & Associates is a Vancouver based investor relations firm which specializes in strategic planning, marketing, corporate communications and public relations for emerging small cap companies. Stevenson & Associates will assist ERA to expand its shareholder base by initiating and maintaining contact with potential investors, financial professionals and industry media. "We look forward to establishing ERA as the premier carbon offset supplier to the North American and European markets," comments Kyle Stevenson, President of Stevenson & Associates.

The Company would also like to announce that it will grant to various directors, officers and consultants a total of 1,804,759 options, including 1,419,759 options previously disclosed in a November 18, 2008 news release. The options are exercisable at a price of $0.15 per share with an exercise period of five years from the date of grant.

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

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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