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VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 15, 2010) - ERA Carbon Offsets Ltd., (TSX VENTURE:ESR), is pleased to announce that Mr. Jeff Calvert, P.Eng., MBA, has been appointed Chief Financial Officer of the company. Mr. Herrick Lau has resigned as CFO effective July 15, 2010.

Mr. Calvert has been Director of Finance at ERA since February, 2010. He has nearly 20 years experience in progressively senior roles in sales, marketing and business development with international Fortune 500 companies and smaller, technology driven clean tech firms. Mr. Calvert joined ERA from Borealis Carbon Offsets Ltd., where he worked as managing director for two years, leading the growth of another strong Canadian firm in the forest carbon business. He holds a degree in mechanical engineering from the University of Western Ontario and an MBA with specialization in management consulting from Royal Roads University in Victoria, British Columbia. Mr. Calvert is a regular expert panelist in the forestry carbon space and a professional engineer licensed in Ontario.

Dr. Robert Falls, CEO of ERA Carbon Offsets said, "We are very pleased and excited to announce the appointment of Jeff Calvert as ERA's Chief Financial Officer. Mr. Calvert's unwavering focus on financial performance and accountability is balanced by a strong understanding of the carbon markets and exemplary communications skills. This unique combination of attributes will ensure that the expectations of ERA's shareholders and partners will be exceeded as our business grows and the carbon markets continue to develop.

"We would also like to thank Mr. Herrick Lau and all at Baron Group for their outstanding service and commitment to the business as we have grown over the last several years."

Mr. Calvert will also assume the role of Director of Human Resources at the company.

About ERA Carbon Offsets Ltd.
ERA is a Canadian pioneer in forest restoration and conservation carbon offset projects. The company's Community Ecosystem Restoration Program located in the Lower Fraser Valley, British Columbia, began in 2005 in the District of Maple Ridge, and has grown to include five communities including Metro Vancouver. ERA has delivered over 1,000,000 tonnes of carbon offsets to the voluntary market and is engaged in the development of forest carbon projects in Canada, Africa and the Hawaiian Islands to supply the North American pre-compliance market. ERA's clients include Air Canada, Catalyst Paper, HSE – Entega, Rolling Stone Magazine, Shell Canada Limited, The Forest Carbon Group, and The Globe Foundation of Canada. ERA's carbon offsets are being validated to the ISO 14064, CCBA, and VCS standards.

Additional information on ERA can be found on the corporate website [ www.eracarbonoffsets.com ] or by contacting [ investor@eracarbonoffsets.com ].

On behalf of the Board of Directors of ERA CARBON OFFSETS LTD.

"Robert Falls"
Chief Executive Officer

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 the Company will be successful in raising the full amount of the private placement or that it will be spent in the manner contemplated. 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.

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.