ERA Carbon Offsets Ltd. and Wildlife Works Carbon LLC Deliver

ERA Carbon Offsets Ltd. and Wildlife Works Carbon LLC Deliver First
REDD+ Project in Democratic Republic of Congo 
VANCOUVER, BRITISH COLUMBIA and SAN FRANCISCO, CALIFORNIA --
(Marketwire) -- 12/19/12 -- ERA Carbon Offsets Ltd. (TSX
VENTURE:ESR)(FRANKFURT:9EA) and Wildlife Works Carbon LLC are pleased
to announce the successful validation, verification and issuance of
2.5 million tonnes of Verified Emission Reductions from the first
REDD+ project in the Democratic Republic of the Congo (DRC). 
The Mai Ndombe REDD+ project is the world's largest REDD+ project to
achieve validation and verification under the Verified Carbon
Standard (VCS). Additionally, Mai Ndombe has received double Gold
Level validation and verification from the Climate, Community and
Biodiversity Alliance Standard (CCBA), recognizing its exceptional
climate change adaptation and biodiversity benefits. Covering 299,645
hectares of land, this former logging concession in Bandundu Province
will avoid approximately 5.6 million tonnes of CO2 emissions per
year, and more than 175 million tonnes of emissions over the 30-year
life of the project. Internationally recognized auditing firm Det
Norske Veritas conducted the audits of the Mai Ndombe REDD+ project. 
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 Democratic Republic of the Congo
and the improvement of local community livelihoods through REDD+
projects." 
The project area is part of the world's second largest intact
rainforest, after the Amazon and 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
forest community of approximately 50,000 Congolese villagers and a
wide array of biodiversity including highly endangered forest
elephants and bonobos, which have been negatively impacted due to
pressure from logging and poaching activities. 
The local communities 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, capacity building of local NGOs and Community Based
Organizations (CBOs), all financed through a 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. 
Jeremy Freund, Wildlife Works' Vice President of Carbon Development
stated, "The success of Mai Ndombe demonstrates that robust VCS
methodologies for monitoring, reporting and verification can scale to
make REDD+ highly significant to the future conservation and
protection of the Congo Basin Rainforest and its people, and beyond
that, to threatened forest communities around the globe. This is good
for the forests, the people who depend upon them, and the governments
who create land use policy." 
In addition to the direct benefits that will be received by the
project area communities, the Government of the DRC will also receive
a substantial portion of the income derived from the Mai Ndombe
project, ensuring that REDD+ and its many benefits deliver a
financially competitive alternative to logging the rich forests of
the Congo Basin. 
Dr. James Tansey, CEO of ERA states, "We are very proud of the
immense amount of work and effort that has allowed the Mai Ndombe
REDD+ project to grow from an idea generated by individuals within
the community of Mai Ndombe, to a recognized world first conservation
concession for the Congo Basin Rainforest. I'd like to recognize both
the pioneering vision of the DRC government for their commitment to
REDD, as well as the vision and support of the people of Mai Ndombe,
who are bringing it to life." 
A 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 Mai
Ndombe REDD+ project. The project is listed on the VCS website
(www.v-c-s.org) and the Markit Environmental Registry
(www.markit.com). The Mai Ndombe REDD+ is proud to be part of CODE
REDD (www.coderedd.com). 
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, sustainable management of forests, and
enhancement of forest carbon stocks among other benefits. 
About Wildlife Works LLC 
Wildlife Works is the carbon market's leading REDD+ 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,
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 credits under the
Verified Carbon Standard (VCS), and the Climate, Community, and
Biodiversity Standard (CCB). For more information visit
www.wildlifeworks.com. For further information, please contact
PR@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 VENTURE:ESR) and in
(FRANKFURT:9EA). For more information, please visit us at
www.eraecosystems.com and www.offsetters.ca. 
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. 
Contacts:
ERA Carbon Offsets Ltd.
David Rokoss
604-973-6512
david.rokoss@eraecosystems.com
 
 
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