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 that the
Denman Island Avoided Conversion of Forestlands Project has received final
validation to the Climate, Community and Biodiversity Alliance's ("CCBA")
Project Design Standard on June 27th, 2012. The project was officially posted on
the CCBA website on June 29, 2012. ERA is the first private project developer to
have two separate projects successfully validated to the CCBA standard in North
America. In 2010, ERA's CERP (Community Ecosystem Restoration Program) was the
first Gold Level CCBA project recognized in Canada.


The Denman Island Avoided Conversion of Forestlands Project (the "Project"),
which was first validated under ISO 14064-2 in 2011, is an innovative, award
winning public-private partnership. By completing the Project, the Province of
British Columbia and the private land owner, North Denman Lands Inc ("NDL"), and
ERA have succeeded in protecting 750 hectares of land on Denman Island from
future subdivision into residential and agricultural property. This involved a
land donation by NDL, the purchase of carbon sequestration rights by ERA and a
land transfer by the Province, which enabled the Province to acquire the land at
a greatly reduced cost for inclusion in the BC Parks and protected areas system.



The third party validation of the Denman CCBA project design document was
completed by the international auditing firm Environmental Services Inc.
("ESI"). The Project is the third carbon project in Canada to be validated to
the CCBA Standard and just one of ten such projects in North America.


The CCBA is a partnership of international NGOs that created the Climate,
Community & Biodiversity Standards to enable identification of projects that
adopt best practices to deliver robust and credible greenhouse gas reductions
while also delivering net positive benefits to local communities and
biodiversity. The CCBA members-Conservation International, CARE, Rainforest
Alliance, The Nature Conservancy and the Wildlife Conservation Society-lead the
development and implementation of pioneering forest carbon activities,
demonstrating how effective partnerships and integrated design can deliver
significant multiple benefits. 


Duncan Manson, CEO of ERA commented: "We are very pleased to see the Denman
Island Project recognized under CCBA which completes a tremendous undertaking by
all parties involved including ERA, the communities of Denman Island, the
previous land owners, BC Parks, and the Forest Carbon Group AG and their clients
in Germany who financially supported the Project by purchasing carbon offsets
created by the Project. This marks the first time in Canada that a forestry
based carbon project has been developed and transferred to the government, where
the lands will be recognized and protected as a provincial park. Beyond its
carbon impact, it will provide multiple community and biodiversity benefits for
decades to come."


About ERA Carbon Offsets Ltd.

A pioneer in carbon offset projects based on forest conservation and
restoration, ERA has delivered over two million tonnes of carbon offsets to the
voluntary market from a variety of international forestry based projects. The
company's Community Ecosystem Restoration Program ("CERP") began in 2005 in
British Columbia, Canada, and has delivered large scale restoration of riparian
ecosystems throughout the Lower Mainland of British Columbia. ERA's successful
project development activities include the award winning Darkwoods and Denman
Island forest carbon projects, the first REDD concessions in the Democratic
Republic of Congo in central Africa and Improved Forest Management projects in
the United States which are expected to deliver ARB compliant tonnes for the
California market beginning in 2013. Our activities span Canada, Africa, the
United States and New Zealand. ERA's carbon offset projects are validated and
verified to ISO-14064, CCBA, PFSI-VER, CAR and VCS standards and sell into
voluntary and pre-compliance carbon markets. ERA's clients and product users
include Air Canada, Catalyst Paper, Rolling Stone Magazine, HSE - Entega, Forest
Carbon Group AG, and Shell Canada Limited. 


Additional information about ERA can be found on the corporate website
www.eraecosystems.com


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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