VANCOUVER, BC -- (Marketwired) -- 04/29/15

Offsetters Climate Solutions Inc. ("OCS" or the "Company") (TSX VENTURE: COO) (FRANKFURT: 9EA) is pleased to announce its financial results for the financial year end December 31, 2014.

2014 Financial Highlights

• Sales Revenue for the twelve months ended December 31, 2014 was $5,266,597 compared to sales of $7,095,306 for the same period in 2013.
• Gross profit was $3,359,689 for the twelve months ended December 31, 2014 compared to $4,521,503 for 2013.
• Operating income before finance and other items of ($95,482) vs. 2013 operating profit of $177,982.
• Net comprehensive loss for the Company was $1,914,629 in 2014 vs. $3,296,606 in 2013, driven primarily by non-cash items including final goodwill impairment of $2,371,881 bringing the carrying value to nil, and accretion expense related to the net present value estimate of future cash flows of $299,082.

Offsetters 2014 revenues were derived primarily from carbon offset sales and consulting contracts through our advisory services group. Total carbon offset sales for 2014 represent a 6% decrease from total offset sales in fiscal 2013. Approximately 97% of all carbon offset revenues from 2014 were generated through voluntary market transactions, with the remaining 3% of offset sales being transacted under British Columbia's Carbon Neutral Government program administered by the Climate Investment Branch (formerly known as the Pacific Carbon Trust).

The Company expected to realize new revenues in 2014 from compliance market carbon offset sales as both California and Quebec cap and trade markets matured, along with demand for compliance grade offsets. While significant progress was made on Company projects destined for these markets, unforeseen administrative delays in California and project auditing backlogs have pushed our project verifications into 2015 and beyond. As these projects achieve verification, the Company is well positioned to monetize these assets through sales to regulated entities in California, and potentially Quebec. The Company has further positioned itself with a pipeline of projects that will supply demand from existing and developing jurisdictions like Alberta (where legislated carbon markets currently exist) and British Columbia, which legislated a carbon offset component under their liquefied natural gas regulations in 2014. The Company is also exploring opportunities within Ontario, given the recent announcement of their intention to establish a cap and trade program similar to that established by Quebec and California. It is expected that a number of projects undertaken in 2014 will be announced in 2015 as they pass certain development milestones over the coming months.

"Despite unforeseen administrative and project development delays in our compliance portfolio, we are pleased to have been able to progress many of our core projects forward in 2014," commented Dr. James Tansey, CEO of Offsetters. "We have clear line of sight on monetizing our first sales into compliance markets, and we have established a full suite of projects that will be developed to meet the needs of compliance entities across a number of developing jurisdictions in Canada and the US. We are also anxious to roll out our expanded services offerings in the agro-forestry space as we endeavour to complete the acquisition of ForestFinance assets announced in February."

All financial information is prepared in accordance with International Financial Reporting Standards and reported in Canadian dollars unless otherwise noted. The audited consolidated financial statements and associated notes for the 12 months ended December 31, 2014, along with the related Management's Discussion and Analysis are available on SEDAR at www.sedar.com.

James Tansey, Ph.D.
President and CEO
Offsetters Climate Solutions Inc.

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 combination of ERA Carbon Offsets, Offsetters and CCC, Offsetters is based in Vancouver, Canada and has worked with over 150 leading business 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.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND RISKS:

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's ability to continue as a going concern is dependent upon its ability to maintain profitable operations and/or obtain the necessary financing to repay liabilities and obligations arising from normal business operations and to meet contractual liabilities related to the acquisition of Offsetters and CCC when they come due. The Company has been profitable over the last four quarters but has not achieved sustained, long term profitable operations and may require additional working capital and may seek additional financing through equity or debt and/or increased sales revenue and cash flows in order to remain a going concern. There is material uncertainty related to the Company's ability to secure necessary financing or generate additional sales revenue and cash flows in the amounts required. The Company could be adversely affected by risks and uncertainties as disclosed in the Company's most recent MD&A filing and financial statements as filed at www.sedar.com.

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:

David Rokoss
Offsetters Climate Solutions Inc.
Suite 1000 - 675 West Hastings Street,
Vancouver BC, V6B 1M8
Telephone: 778-945-0951
Email: david.rokoss@offsetters.com