ESR Esrey Resources Ltd

ERA Carbon Offsets Ltd. (TSX VENTURE: ESR) through its 100% owned subsidiary ERA Ecosystem Restoration Associates Inc. (ERA),and 3GreenTree Ecosystem Services Ltd.(3GreenTree) are pleased to announce the completion and launch of the Darkwoods Carbon Project, the largest forest carbon project validated and verified to date within North America.

The Darkwoods project is the first carbon project undertaken by the Nature Conservancy of Canada (NCC), Canada's leading private land conservation organization. Darkwoods is a 55,000 hectare (136,000 acre) property in south-eastern British Columbia.

NCC worked closely with 3GreenTree and ERA to design and develop the Darkwoods Carbon Project under the internationally recognized Verified Carbon Standard (VCS). The project uses the new VCS Improved Forest Management Methodology developed by 3GreenTree and ERA (VM0012) and recently approved under the VCS Double Approval Process by international 3rd party auditors Det Norske Veritas and Rainforest Alliance. The Darkwoods Carbon Project plans and documentation were then validated by Rainforest Alliance and verified by SCS Scientific Certification Systems, two of the world's leading carbon auditing companies. The initial carbon credits have been issued to NCC on the Markit Environmental Registry.

ERA purchased 250,000 carbon offsets from the initial vintages which were in turn directed to the European market through their associates, the Forest Carbon Group AG (FCG). ERA and NCC will work with FCG to build the voluntary market for Darkwoods offsets in Germany and throughout Europe. The Pacific Carbon Trust was also an initial buyer of offsets from the first vintages of this project, which will be used to meet their mandate to offset the emissions of the British Columbia government's public sector operations.

Dr. Robert Falls, ERA's Chairman, commented: "It is a great pleasure to participate in the development and launch of this ground breaking project. NCC has demonstrated their leadership in conceiving this project, and has demonstrated carbon's powerful role in conservation. 3GreenTree has done brilliant work in leading the development of this new VCS Methodology, and in the composition of the project design document. Additionally, both the PCT and FCG deserve special recognition for their important role in supporting Darkwoods through their purchase of tonnes from the initial vintages."

Mike Vitt, Managing Director of 3GreenTree added, "The Darkwoods Carbon Project is a tremendous accomplishment for NCC. It shows the value in forest carbon has moved from theory to reality, and emphasizes how well carbon fits with protecting biodiversity and other ecosystem values. A key to the success of this project were the partners that were brought together - from NCC's leading edge conservation capabilities through to ERA's remarkable global carbon market reach and the key buyer demand from FCG and PCT, the project had all the right pieces."

Robert Falls, Ph.D., R.P.Bio., Chairman - ERA Carbon Offsets

About Darkwoods

NCC acquired the Darkwoods property in 2008 to protect it from subdivision, high-impact logging and other environmental threats. The property had been sustainably harvested by Pluto Darkwoods Forestry since the 1960s, thereby leaving much of the natural systems intact. NCC has since managed the project with a focus on long term management for biodiversity and conservation. Darkwoods is a highly diverse mountainous forest property with high conservation values, including being home to 19 confirmed threatened or endangered species. The forests of Darkwoods will create a projected 14 million of tonnes of carbon credits over the lifetime of the project period (100 years).

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 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. (www.eraecosystems.com)

About 3GreenTree Ecosystem Services Ltd.

3GreenTree is a full service forest ecosystem asset development, acquisition and management company based in Vancouver, Canada. The company works with forward-thinking clients to identify, develop, and manage forest properties and projects with unique and/or under-valued ecosystem assets, including carbon offsets. 3GreenTree brings together a unique mix of expertise in forest management, business, ecological science, and ecosystem modeling (http://www.3greentree.com/ecosystemmodelli.html) (www.3greentree.com).

About the Nature Conservancy of Canada (NCC)

The Nature Conservancy of Canada (NCC) is the nation's leading not-for-profit private land conservation organization, working to protect our most important natural areas and the species they sustain. Since 1962 NCC and its partners have helped to protect more than 2 million acres (800,000 hectares), coast to coast. To learn more visit: www.natureconservancy.ca.

About the Forest Carbon Group AG (FCG)

The Forest Carbon Group is a German based organization that helps companies balance the effects of greenhouse gas emissions resulting from their production facilities or products, using carbon offsets from both reforestation and forest protection projects around the world. www.forestcarbongroup.de

About the Pacific Carbon Trust (PCT)

The Pacific Carbon Trust is a BC Crown corporation established to deliver high-quality carbon offsets to help clients meet their carbon reduction goals and to support the growth of BC's low-carbon economy. http://www.pacificcarbontrust.com/

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. David Rokoss 604-973-6512 david.rokoss@eraecosystems.com www.eraecosystems.com 3GreenTree Ecosystem Services Ltd. Mike Vitt 778-998-5478 mike.vitt@3greentree.com www.3greentree.com