ESR Esrey Resources Ltd

Wildlife Works Carbon LLC, founders of CODE REDD, are pleased to announce that
ERA Carbon Offsets Ltd. (TSX VENTURE:ESR) ("ERA") have signed on as the first
REDD (Reducing Emissions from Deforestation and Degradation) project developer
for CODE REDD, an international campaign to save the world's threatened forests.
Mike Korchinsky, Founder and CEO of Wildlife Works and the CODE REDD Campaign
made the announcement Wednesday at the Globe 2012 Trade Conference in Vancouver
alongside Bart Simmons, COO of ERA.


Mike Korchinsky stated, "It is with great pleasure that we welcome ERA as the
first project development signatory to the CODE REDD Campaign. It is appropriate
that we make the announcement here in Vancouver at Globe 2012, as ERA is a
Vancouver based company that has been an early leader in large scale forest
restoration and conservation using carbon as a tool to finance their
development. The goal of CODE REDD is to reverse the large scale deforestation
and degradation of the world's threatened forests, and ERA's experience and
leadership will help achieve this goal, beginning with the Mai Ndombe REDD
project in the Democratic Republic of Congo."


Duncan Manson, CEO of ERA, comments, "CODE REDD is an important call to action
for the private sector, and it's fitting that we make this announcement with our
joint venture colleagues Wildlife Works, at Globe 2012, where private sector
sustainability leaders come to learn, network and do business. We are excited to
be a part of this revolutionary Campaign, while showcasing the work being done
at Mai Ndombe in the Democratic Republic of Congo. We look forward to working
with the visionaries within the CODE REDD team and at Wildlife Works." 


About CODE REDD 

Forests are disappearing at an alarming rate of 13 million hectares per year,
(FAO 2010), and are vital to the global ecosystem. The CODE REDD campaign was
initially funded and launched by Wildlife Works, but it is an open initiative
bringing together corporate carbon offset buyers, REDD project developers,
indigenous forest owners, forest nation governments, NGOs, verification
organizations, standards bodies, market platforms and other concerned entities
to tackle this critical challenge.


REDD is a forest conservation program originated by the United Nations (UN) to
help stop the destruction of the world's forests, and is an effective solution
that is already working in pioneering projects around the world. REDD projects
within the CODE REDD Campaign are required to be validated and verified under
both the Verified Carbon Standard (VCS) and the Climate Community and
Biodiversity Standard (CCB) to ensure the project's integrity. 


Additional information about the CODE REDD Campaign can be on their website:
www.CODEREDD.com.


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.


About Wildlife Works LLC 

Wildlife Works is the world's leading REDD project development and management
company with a unique approach to applying innovative market based solutions to
the conservation of biodiversity. The company established a successful model
that uses the emerging marketplace for REDD carbon offsets as a sustainable and
scalable funding mechanism for biodiverse forest protection and to help local
landowners in the developing world to monetize their forest and biodiversity
assets whether they are indigenous peoples, governments, communities, ownership
groups or private individuals.


Wildlife Works' flagship "Kasigau Corridor REDD project" was the first REDD
project to achieve validation, verification, and issuance of REDD carbon credits
under both the Verified Carbon Standard, (VCS), and the Climate, Community, and
Biodiversity Standard (CCB). 


Additional information about Wildlife Works can be found on the corporate
website www.wildlifeworks.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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