ERA Carbon Offsets Ltd. Announces Name Change and New Trading Symbol

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 1, 2013) - ERA Carbon Offsets Ltd. ("ERA" or the "Company") (TSX VENTURE:ESR) is pleased to announce that it has received TSX Venture approval for the company to change its name to "Offsetters Climate Solutions Inc.", which was recently approved by resolution by the Directors of the Company. The name change will come into effect on Monday March 4, 2013, and the company will commence trading on the TSX Venture Exchange at the opening of market on March 4, 2013 under the new symbol "COO". The CUSIP number assigned to the Company's shares following the name change is CA 6762431089 (ISIN:676243108).

The corporate renaming follows the December 14, 2012 closing of the acquisition of Offsetters Clean Technology and Carbon Credit Corp by ERA Carbon Offsets Ltd. The change of name to Offsetters Climate Solutions reflects the strategic focus of the newly merged entity, which is a leading international carbon project developer, a full service advisory on corporate sustainability, and a complimentary software solution developer for carbon and sustainability applications. The company is also pleased to announce its move into new corporate head offices located at Suite 1000 - 675 West Hastings Street in Vancouver in British Columbia, Canada. The company's website is at www.offsetters.ca.

CEO Dr. James Tansey, states, "We are pleased to re-introduce our company to the market, under the Offsetters Climate Solutions banner, which captures the depth of talent and capacity that has come together through the merger of ERA, Offsetters and Carbon Credit Corp. Both present and future clients will benefit greatly from our ability to provide end to end solutions within these markets, which we expect will drive our continued growth and leadership in the carbon and sustainability space. Our new trading symbol, which is the symbol for carbon dioxide makes this focus abundantly clear."

James Tansey, Ph.D., President and CEO

ERA Carbon Offsets Ltd.

About ERA Carbon Offsets Ltd.

As Canada's largest and most diversified carbon management solutions company, ERA Carbon Offsets Ltd. helps organizations understand, reduce and offset their climate impact. Its team of industry leaders specializes in the origination, development and commercialization of high-quality carbon offset projects and is proud to also provide clients with a comprehensive offering of sustainability consultancy services. A merger of ERA Carbon Offsets and Offsetters, ERA Carbon Offsets Ltd. is based in Vancouver, Canada and has worked with over 150 of the world's most prestigious organizations including Aimia, Vancity, lululemon athletica, Catalyst Paper, Harbour Air, HSE - Entega, and Shell Canada Limited. ERA is publicly listed company on the Toronto Venture Exchange (TSX VENTURE:ESR) and in Frankfurt:9EA. For more information, please visit us at www.offsetters.ca.

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.