ERA and Wildlife Works Launch Joint Venture to Complete Mai Ndombe, DRC's First REDD Project

ERA Carbon Offsets Ltd. (TSX VENTURE:ESR) ("ERA") is pleased to announce that it
has entered into a Joint Venture Agreement with Wildlife Works ("WW") to
complete the 299,645 hectare Mai Ndombe REDD (Reduced Emissions from
Deforestation and Degradation) project in the Democratic Republic of the Congo
(the "DRC") which was announced in ERA's August 5, 2011 News Release.




--  The Joint Venture between ERA and WW will see both companies cooperate
    on project finance, technical development, implementation, and eventual
    carbon sales from offsets developed within the project area. 
--  Current modelling estimates that the project will develop significant
    volumes of carbon offsets in the range of 1.5 to 3.0 million tonnes per
    year beginning in 2012. 
--  Through the development and monetization of high quality carbon offsets,
    the Mai Ndombe project will deliver ecosystem, social, economic,
    biodiversity and climatic benefits for communities within and beyond the
    project area. 
--  The project will be developed to the Verified Carbon Standard and the
    Climate, Community and Biodiversity Alliance Standards to recognize the
    high social and ecological value of the project. 
--  Full project development is now under way within the concession area
    including construction of schools which will serve the families of the
    local communities. 
--  This is the first joint venture undertaken by either company on a REDD
    project. 



Duncan Manson, CEO of ERA comments: "We are delighted to announce this 50/50
joint venture with Wildlife Works, a world leader in the development of REDD
projects. Mike Korchinsky and his team at WW have an impressive 15 year
conservation history which includes their successful REDD project in Kenya
whereby more than 200,000 ha of the Kasigau Corridor has been protected from
agricultural encroachment and forest degradation. Their experience and success
is a testament to their technical sophistication, as well as their ability to
deliver real and lasting benefits to the community. When combined with ERA's
expertise in carbon finance, forest conservation and ecosystem restoration, we
now have a pre-eminent international team able to complete the Mai Ndombe
project and ensure that it delivers the economic, social and climate benefits
desired over the next 25 years. This Joint Venture Agreement ensures that the
financing and expertise needed to complete the project is now in place." 


Mike Korchinsky, Founder and CEO of Wildlife Works comments: "We are excited to
be able to partner with ERA in this important REDD project within the DRC
whereby 299,645 hectares of the vulnerable Congo Basin Rainforest will be
protected from deforestation. The Mai Ndombe project will deliver important
social, economic, biodiversity and climatic benefits for communities within and
beyond the project area. ERA is a recognized leader in the development of
forestry-based carbon offsets for the voluntary market using carbon finance as a
means of mitigating the undesirable effects of climate change. Wildlife Works is
delighted to join ERA in implementing this project and looks forward to a long
and successful working relationship with ERA". 


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 or by
contacting investor@eracarbonoffsets.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.
Esrey Resources (TSXV:ESR)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024