ESR Esrey Resources Ltd

ERA Carbon Offsets Ltd. (TSX VENTURE:ESR) is pleased to announce that the
company has achieved a new sales milestone, having sold more than 2 million
tonnes of forest based carbon offsets to customers and clients around the world.



Established in 2005, ERA has become the largest Canadian developer and retailer
of forest based carbon offsets by volume and sales. ERA has developed and
co-developed forest carbon projects that have been recognized with awards for
their unique contributions to conservation and land management. Through these
projects, ERA has had the opportunity to work with organizations such as The
Nature Conservancy of Canada, The Forest Carbon Group AG, British Columbia
Parks, Shell Canada, 3GreenTree Ecosystem Services and a number of forward
looking Municipalities in the Lower Mainland of BC - all whom have helped
establish and promote forest conservation and restoration using carbon based
financing. 


To date, all completed projects and carbon sales have been to clients in the
international voluntary market. It is expected that future sales will expand
beyond voluntary markets to include compliance schemes that are developing in
regional markets such as California and the Western Climate Initiative
jurisdictions, which include the provinces of British Columbia, Quebec and
Ontario. Beyond North America, ERA continues the development of its
internationally recognized REDD (Reduced Emissions from Deforestation and
Degradation) project in the Democratic Republic of Congo, the first concession
based forest conservation project to be awarded in that country. Additional
markets for forestry based carbon offsets are expected to include Australia,
Korea and Japan.


Duncan Manson, CEO of ERA, comments, "We are proud to have achieved the 2
million tonne milestone in carbon offset sales during a period of time that has
been economically difficult for many organizations, so we thank each of our
partners, clients and customers for staying committed to climate change
mitigation through forest conservation and forestry based carbon offset
financing. And while climate policy has become a political hot potato in many
jurisdictions, the positive developments we see in California, Australia, South
East Asia, and even here in British Columbia, lead us to believe that there is a
vibrant future ahead for our industry as ERA develops new projects and explores
new markets." 


ERA at COP 17 in Durban, South Africa

ERA is pleased to report its participation in the 17th Conference of the Parties
(COP 17) which took place in Durban, South Africa between November 28 and
December 9, 2011. COP 17 was organized by the United Nations and brought
together political representatives from 194 participating nations, as well as
members of academia, NGOs and NPOs, indigenous groups, project developers,
international funding agencies and institutions, as well as students and
international media, who gathered to discuss, debate and advance policy related
to climate change.


On Friday December 2, 2011 ERA hosted a panel discussion, organized by the
International Emissions Trading Association (IETA), entitled "Key Elements to
Making REDD Projects in Africa a Success" which included a cross section of
stakeholders including: John Kendall RFP - Lead African Community based Forester
for ERA's Mai Ndombe REDD project, Jean Robert Bwangoy Bankaza - ERA DRC Project
Lead, Mike Korchinsky - CEO of Wildlife Works, Christian del Valle - Director of
Environmental Markets and Forestry at Althelia Ecosphere, Bruno Guay - Technical
Advisor for DRC National REDD Coordination for the UNDP and Victor Kabengele -
Project Coordinator at the DRC Ministry of Environment, Nature Conservation and
Tourism. The panel was moderated by Georg Schattney - Managing Director at
Forest Carbon Group AG. A more detailed report of COP 17 highlights and ERA's
activities will be included in ERA's fourth quarter newsletter which will be
available on our website in mid December, 2011.


ERA Grants Options

ERA has granted 250,000 options to Frederic Jacquemont, President of ERA, at an
exercise price of $0.30Cdn. The warrants are exercisable for a period of 5 years
from the date of issuance, March 10, 2011.


About ERA Carbon Offsets Ltd. 

A pioneer in forest restoration and conservation carbon offset projects, ERA has
delivered over two million tonnes of carbon offsets to the voluntary market. The
company's Community Ecosystem Restoration Program ("CERP") began in 2005 in
British Columbia, Canada, and its activities have grown to include forest carbon
projects in Canada, Africa, New Zealand and the United States. 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, CAR and
VCS standards.  


On behalf of the Board of Directors, 

ERA CARBON OFFSETS LTD.

Duncan J. Manson, Chief Executive Officer

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.

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