ESR Esrey Resources Ltd

ERA Carbon Offsets Ltd. ("ERA" or the "Company") (TSX VENTURE:ESR) is pleased to
announce that it has completed its first sale and delivery of carbon offsets
from its landmark Mai Ndombe REDD+ (Reduced Emissions from Deforestation and
Degradation) project in the Democratic Republic of Congo. The buyer is Forest
Carbon Group AG ("FCG"), based in Frankfurt Germany. A total of 300,000 offsets
from the first vintage of approximately 2.5 million verified offsets were
transacted. 


This transaction is the first sale and delivery of Mai Ndombe REDD+ offsets to
occur under a three year sales agreement with FCG under which ERA will deliver a
total of 1.1 million offsets through the end of 2014. Following this initial
delivery, subsequent delivery is scheduled to occur in tranches of 100,000
offsets in each quarter throughout 2013 and 2014.


The Mai Ndombe REDD+ project is the first REDD project originating in the DRC to
be fully validated and verified, and the first REDD project in the ecologically
rich Congo Basin. Developed in partnership between ERA and Wildlife Works LLC,
Mai Ndombe REDD+ will produce approximately 175 million offsets over its 30 year
project life. Mai Ndombe was recently validated and verified by internationally
recognized auditing firm Det Norske Veritas, under both the Verified Carbon
Standard (VCS) and double Gold level, Climate, Community and Biodiversity
Alliance Standard (CCBA). The project is considered a pilot for the United
Nations REDD Programme approach of establishing REDD+ on provincial levels
within the DRC.


Dr. James Tansey, CEO of ERA stated, "We are very excited to reach another
significant and important milestone in the development of the Mai Ndombe REDD+
project. Following its validation and verification this past December, we are
pleased to see early support from the marketplace, which is necessary for
important projects like Mai Ndombe to flourish. We'd like to thank Forest Carbon
Group for their valuable support and multiyear commitment to Mai Ndombe and its
people."


Alexander Zang, CEO of FCG, said: "We strongly believe that this project offers
great values and we are proud to be the first anchor buyer of Mai Ndombe
offsets. The project contributes to preserve the second largest rainforest in
the world. Besides its manifold benefits for the earth's and region's climate
and biodiversity, we and our clients were attracted by the strong commitment to
improve local people's livelihoods. The project indeed offers a ray of hope in
the fight against deforestation, poverty and marginalization in this region of
the DR Congo." He added, "Mai Ndombe will be a cornerstone of Forest Carbon
Group's mission to build up more demand for forest carbon projects in the
voluntary market. We are confident that other buyers will follow our lead, and
would like to thank ERA and Wildlife Works LLC for the tremendous work and
achievements on the ground."


Granting of Stock Options

The Company also wishes to announce that it has granted, to Directors, officers,
employees and consultants, a total of 275,000 incentive stock options at an
exercise price of $0.21 exercisable for a period of five (5) years. 


James Tansey, Ph.D., President and CEO 

ERA Carbon Offsets Ltd.

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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
ERA Carbon Offsets Ltd.
David Rokoss
604-973-6512
david.rokoss@eraecosystems.com
www.eraecosystems.com / www.offsetters.ca

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