ESR Esrey Resources Ltd

ERA Carbon Offsets Ltd. (TSX VENTURE: ESR) through its 100% owned subsidiary ERA Ecosystem Restoration Associates Inc. (ERA), is pleased to announce a partnership with CSQ Environmental Technologies Ltd. for the development of up to 450,000 tonnes of voluntary emission reductions (VER). Delivery of the VERs is expected to be 150,000 per year starting in 2011, with an option for ERA to acquire an additional 150,000 in both 2012 and 2013.

The first phase of the project, called Flatrock, is located in the vicinity of Fort St. John, British Columbia and involves the restoration of 199 hectares of degraded bare land, unsuitable for agriculture, to native white spruce forest. Through the reestablishment of a native forest ecosystem, the project will enhance watershed protection in the area, while providing increased habitat for native species of birds and animals.

The tonnes are expected to be used to supply up to 25% of the $11,000,000 sales agreement with the Forest Carbon Group Ag announced on December 13th, 2011.

R W Falls

Robert Falls, Ph.D., Chairman & Chief Executive Officer

About CSQ Environmental Technologies Ltd.

CSQ Environmental Technologies Ltd. was founded and incorporated in 2001 in BC and has worked on carbon related projects under contract with the Canadian Forest Service and BC Hydro. CSQ completed one of Canada's first international GHG offset trades in 2002 by reforesting heavily damaged gas well sites on Crown land in northern BC and selling the credits in the voluntary market to Future Forests Ltd.

About ERA Carbon Offsets Ltd.

A pioneer in forest restoration and conservation carbon offset projects; ERA has delivered over one million tonnes of carbon offsets to the voluntary market. The company's Community Ecosystem Restoration Program began in 2005 in British Columbia, Canada, and its activities have grown to include supporting forest carbon projects in Africa, New Zealand and the Hawaiian Islands. ERA's clients and product users include Air Canada, Catalyst Paper, Rolling Stone Magazine, HSE - Entega, The Forest Carbon Group AG, and Shell Canada Limited. ERA's carbon offset products are validated and verified to ISO-14064, CCBA, PFSI-VER and VCS standards.

Additional information on ERA can be found on the corporate website www.eracarbonoffsets.com or by contacting investor@eracarbonoffsets.com.

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. Alex Langer 604-973-6500 alex.langer@eraecosystems.com www.eracarbonoffsets.com