ERA and Wildlife Works Deliver First REDD+ Project in the Congo Basin Rainforest

    ERA and Wildlife Works Deliver First REDD+ Project in the Congo Basin
                                  Rainforest

PR Newswire

VANCOUVER, British Columbia and SAN FRANCISCO, Dec. 19, 2012

VANCOUVER, British Columbia and SAN FRANCISCO, Dec. 19, 2012 /PRNewswire/ --
ERA Carbon Offsets Ltd. and Wildlife Works Carbon LLC are pleased to announce
the validation and verification of the first REDD+ project in the Democratic
Republic of the Congo (DRC). The project has earned 2.5 million tonnes of
Verified Emission Reductions to date and will generate an average of 5.6
million tonnes annually.

H.E. Mr. Bavon N'sa Mputu Elima, Minister of Environment, Nature Conservation
and Tourism of the DRC stated, "The Ministry welcomes the validation and
verification of this project in two rigorous standards - the Verified Carbon
Standard and the Climate, Community and Biodiversity Alliance Standard. The
Department is pleased to work with ERA-Congo and its partners, ERA Carbon
Offsets and Wildlife Works, for the protection of forests in the DRC and the
improvement of local community livelihood through REDD+ projects."

The 299,645 hectare Mai Ndombe REDD+ project, a former logging concession in
the Bandundu Province, will avoid more than 175 million tonnes of CO2
emissions over the 30-year life of the project.

The local forest community of 50,000 Congolese villagers will receive direct
benefits from the project in the form of jobs, schools, health clinics,
improved food security through better agronomy and redevelopment of robust
native fish stocks, and capacity building of local NGOs and Community Based
Organizations all financed through transparent and equitable sharing of the
carbon revenues.

"As someone who knows personally the hardships that families in these forest
communities have to bear, I am overjoyed at the benefits this REDD+ project
will bring, making a brighter future for 50,000 of my friends, family members
and compatriots in Mai Ndombe," said local project Manager Jean-Robert Bwangoy
Bankanza.

The project area is part of the Congo Basin, the world's second largest intact
rainforest after the Amazon. It is part of the Ngiri-Tumba-Mai Ndombe wetland,
recognized under the Ramsar Convention as the largest wetland of international
importance in the world. It is home to a wide array of biodiversity including
highly endangered forest elephants and bonobo chimpanzees, which have been
driven away in increasing numbers due to logging and poaching activities. It
is expected that the wildlife populations will be restored now that the
project area is on a conservation trajectory.

The Government of the DRC will receive a substantial portion of the project
income to ensure that REDD+ represents a financially competitive alternative
to logging Congo's rich forests. 

The Mai Ndombe REDD+ project is the world's largest REDD+ project to achieve
validation and verification under the Verified Carbon Standard (VCS), and
received Gold Level validation from the Climate, Community and Biodiversity
Alliance Standard (CCBA) for exceptional climate change adaptation and
biodiversity benefits.

According to Jeremy Freund, Wildlife Works' VP Carbon Development, "This
demonstrates that robust VCS methodologies for monitoring, reporting and
verification can scale to make REDD+ highly significant to the future of the
Congo Basin Rainforest and beyond."

The Joint Venture between ERA and Wildlife Works has both companies
cooperating on project finance, technical development, implementation and
sales of carbon credits generated from the project.

About REDD

Reducing Emissions from Deforestation and Degradation (REDD) was originated by
the United Nations (UN) to help stop the destruction of the world's forests.
"REDD+" goes beyond deforestation and includes the role of conservation,
community development and job creation, and enhancement of forest carbon
stocks among other benefits.

About Wildlife Works LLC

Wildlife Works is the carbon market's leadingREDD+ project development and
management company, applying innovative market-based solutions to the
conservation of biodiversity. Over a 15-year history, Wildlife Works
established a successful model that uses the emerging marketplace for REDD+ to
protect threatened forests and wildlife, and uplift impoverished local
communities. The company is recognized for developing the world's first REDD+
project to successfully achieve issuance of REDD+ carbon creditsunder the VCS
and CCBA Standards.For more information, visit: www.wildlifeworks.com

Contact: pr@wildlifeworks.com or Gerald Prolman, Phone: 415-548-0973 Email:
Gerald@wildlifeworks.com

About ERA Carbon Offsets Ltd.

As Canada's largest and most diversified carbon management solutions company,
ERA Carbon Offsets Ltd. helps organizations understand, reduce and offset
their climate impact. Its team of industry leaders specializes in the
origination, development and commercialization of high-quality carbon offset
projects and is proud to also provide clients with a comprehensive offering of
sustainability consultancy services. A merger of ERA Carbon Offsets and
Offsetters, ERA Carbon Offsets Ltd. is based in Vancouver, Canada and has
worked with over 150 of the world's most prestigious organizations including
Aimia, Vancity, lululemon athletica, Catalyst Paper, Harbour Air, HSE -
Entega, and Shell Canada Limited. ERA is publicly listed company on the
Toronto Venture Exchange (TSX-V:ESR) and in Frankfurt:9EA. For more
information, please visit us at www.eraecosystems.com and www.offsetters.ca.

Contact: David Rokoss, Phone: 604-973-6512 Email:
david.rokoss@eraecosystems.com

SOURCE Wildlife Works LLC; ERA Carbon Offsets Ltd.

Website: http://www.wildlifeworks.com
Website: http://www.eraecosystems.com
 
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