Wildlife Works Carbon LLC Acquires Offsetters Interest in Joint Venture Mai Ndombe REDD+ Project

Offsetters Climate Solutions Inc. ("OCS" or the "Company") (TSX VENTURE:COO)
(FRANKFURT:9EA) wishes to announce that its subsidiary, ERA Ecosystem
Restoration Associates Inc., ("ERA") has entered into an agreement (the
"Agreement") effective Oct. 22, 2013, to sell to Wildlife Works Carbon, LLC
("WWC") its Mai Ndombe Joint Venture Project (the "JV Project") in the
Democratic Republic of the Congo ("DRC"). Prior to this Agreement, ERA and
Wildlife Works were 50/50 joint venture partners in the Mai Ndombe REDD+
(Reducing Emissions from Deforestation and Degradation) project.


The assets being sold to WWC and comprising the JV Project include all of ERA's
shares in its DRC subsidiary, ERA Congo SPRL, and the Company's shares of its
Hawaiian subsidiary together with all rights, title and interest in forest
concession rights, community agreements and other contracts relating to the JV
Project. Upon closing of the Agreement, all inventory of Verified Carbon Units
("VCUs") currently existing for the JV Project will be transferred to WWC. WWC
will pay ERA a total of USD$1,800,000 for the JV Project on payment terms as
described in the Agreement.


Mike Korchinsky, CEO of Wildlife Works Carbon stated, "We have always loved the
Mai Ndombe REDD+ project and the potential for REDD in the DRC. As we looked to
expand our REDD+ portfolio, it made tremendous sense for us to consider this
project first, as we are acutely involved in its development already. Acquiring
ERA's 50% interest achieves the expansion we desire, and provides Offsetters
with a unique opportunity to recognize the value of its investment and work in
the DRC."


As a condition of closing the sale of the JV Project, ERA and WWC shall enter
into an Emissions Rights Purchase Agreement ("ERPA") providing ERA the right to
purchase 500,000 VCUs from WWC. This will allow the Company to fulfill its
existing sales agreement between ERA and the Forest Carbon Group AG, requiring
the delivery of 100,000 VCUs from Mai Ndombe at December 15, 2013, and 400,000
VCUs over the course of 2014. 


Upon closing of the Agreement, WWC will assume sole management of the JV Project
and the joint venture agreement will be terminated. The Agreement calls for WWC
to assume, effective October 22, 2013, all costs of the JV Project. The
Agreement and its terms are subject to the approval of the TSX Venture Exchange.



"The Mai Ndombe REDD+ project was the result of a tremendous amount of diligent
work and effort by our team and by our project partners at Wildlife Works," said
Dr. James Tansey, CEO of Offsetters. "We're honoured to have been part of the
first REDD+ project in the Congo Basin, and in the Democratic Republic of Congo.
This project has helped established a new paradigm for conservation using carbon
as a tool to protect forests from deforestation and degradation." 


"With their exclusive focus on REDD project development and management, Wildlife
Works is the best organization to grow Mai Ndombe from a project level, to a
regional level program that helps conserve and protect millions of hectares of
valuable rainforest. As we pass the reigns to Mike and his team, we also pass on
our sincere appreciation to our in-country team, the DRC Ministry of
Environment, Nature Conservation and Tourism, and the communities of Mai Ndombe
for their dedication in making Mai Ndombe REDD+ a reality." 


The Company will continue to leverage the expertise developed as a result of the
work undertaken in Mai Ndombe, and apply it to existing and future international
REDD projects within its portfolio. 


Filings related to this Agreement will be made available on www.sedar.com.

James Tansey, Ph.D., President and CEO

Offsetters Climate Solutions Inc.

About Wildlife Works 

Wildlife Works, headquartered in Mill Valley, California, is the voluntary
carbon market's leading REDD+ (Reducing Emissions from Deforestation and Forest
Degradation) project development and management company. REDD+ is an essential
climate change mitigation strategy originated by the United Nations, designed to
help stop the destruction of the world's forests. Protecting threatened forests
under the REDD+ mechanism empowers forest communities with alternatives to
deforestation and viable means for sustainable development. Under rigorous
environmental and social standards with third-party audits, Wildlife Works REDD+
projects generate Verified Emission Reductions (VERs), where each VER represents
the avoidance of one ton of CO2 being released into the atmosphere. VERs are
purchased by corporations who voluntarily elect to reduce their unavoidable
emissions. Proceeds from Wildlife Works VER sales are reinvested in green
economic development for the forest communities, thus removing the threat to the
forest. 


Wildlife Works REDD+ projects deliver unprecedented environmental and social
benefits to seriously impoverished parts of Africa that are in desperate need of
change. Additional information about Wildlife Works can be found on the
corporate website www.wildlifeworks.com.


About Offsetters Climate Solutions Inc.

Offsetters is Canada's largest and most diversified carbon management solutions
company. Its team of industry leaders specializes in the origination,
development and commercialization of high-quality carbon offset projects, and
through a comprehensive offering of sustainability consultancy services
Offsetters helps organizations understand, reduce and offset their climate
impact. A merger of ERA Carbon Offsets and Offsetters, Offsetters 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. Offsetters is publicly
listed company on the Toronto Venture Exchange (TSX VENTURE:COO) and in
Frankfurt:9EA. For more information, please visit us at www.offsetters.ca. 


FORWARD LOOKING STATEMENTS: 

Certain of the statements and information in this news release may constitute
"forward-looking information" within the meaning of applicable Canadian
provincial securities laws. All statements, other than statements of historical
fact, are forward-looking statements. When used in this news release the words
"anticipate", "believes", "estimates", "expects", "intends", "may", "project",
"plan", "should", "forecast", "outlook", "budget", "anticipated", "future",
"potential" and similar words and expressions may identify forward-looking
statements or information. 

The statements in this news release reflect the Company's current views with
respect to future events and are necessarily based upon a number of assumptions
and estimates that, while considered reasonable by the Company, are inherently
subject to significant business, economic, competitive, political and social
uncertainties and contingencies. Many factors, known and unknown, could cause
actual results, performance or achievements to be materially different from
results, performance or achievements anticipated by management.


The Company does not intend, and does not assume any obligation to update any
forward-looking statements or information to reflect changes in assumptions or
changes in circumstances or any other events affecting such statements or
information other than as required by applicable securities or other laws. 


NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM
IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Offsetters Climate Solutions Inc.
David Rokoss
778-945-0951
david.rokoss@offsetters.ca
www.offsetters.ca
Elcora Advanced Materials (TSXV:ERA)
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