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ERA Carbon Offsets Ltd Announces Results of Annual General Meeting

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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 29, 2012) - ERA Carbon Offsets Ltd. ("ERA" or the "Company") (TSX VENTURE:ESR) is pleased to announce the results of its annual general and special meeting of shareholders held Thursday October 25th in Vancouver.

All resolutions presented before ERA Carbon Offsets Ltd shareholders at the 2012 annual general and special meeting were passed by a significant majority of the votes cast by shareholders.

The motion to fix the number of directors of the Company at seven for the next year was passed as was the motion to re-appoint Davidson & Company LLP Chartered Accountants as auditors of the Company at a remuneration to be fixed by the board.

Other business included the ratification of the Company's Stock Option Plan as required by the TSX Venture Exchange and approval of granting the directors the ability to change the Company's corporate name should they determine it is in the Company's best interests to do so.

Elected as Directors of the Corporation were Robert Falls, Graham Harris, Georg Shattney, Alexander Zang, James Tansey, John Poulter and Christopher Farber.

Robert Falls, Ph.D., R.P.Bio., Chairman

ERA Carbon Offsets

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, 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

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.

FOR FURTHER INFORMATION PLEASE CONTACT:
ERA Carbon Offsets Ltd.
David Rokoss
604-973-6512
david.rokoss@eraecosystems.com
www.eraecosystems.com

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