COO Ostrom Climate Solutions Inc

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 7, 2014) - 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, 2013.

2013 Financial Highlights

• Sales Revenue for the twelve months ended December 31, 2013 was $7,095,306, compared to sales of $3,322,345 for the same period in 2012.
• Gross profit was $4,521,503 for the twelve months ended December 31, 2013 compared to $1,841,133 for 2012.
• Operating income before finance and other items of $177,982 vs. 2012 operating loss of $562,585.
• Net comprehensive loss for the Company was $3,296,606, driven by non-cash items including goodwill impairment of $2,844,511, accretion expense related to the net present value estimate of future cash flows of $311,055 and the revision of the estimate for provisions related to the acquisition of Offsetters Clean Technology Inc. and Carbon Credit Corp of $212,415.

Offsetters 2013 revenues reflect the consolidated sales of ERA Ecosystem Restoration Associates, Offsetters Clean Technology and Carbon Credit Corp, under the banner of Offsetters Climate Solutions. The Company's revenues were derived from carbon offset sales and consulting contracts through our advisory services group. Fourth quarter revenues were highlighted by sales of Verified Emission Reductions (VERs) from the Mai Ndombe REDD+ (Reducing Emissions from Deforestation and Degradation) project, retail VER sales to corporate customers, and the provision of sustainability advisory services to clients.

Total carbon offset sales for 2013 represent a 4% increase from the consolidated offset sales of the companies in fiscal 2012. Approximately 93.5% of all carbon offset revenues from 2013 continued to be generated through voluntary market transactions despite the launch of two new North American-based legislated carbon markets within the Province of Quebec and within the State of California. The remaining 6.5% of offset sales were transacted under British Columbia's Carbon Neutral Government program administered by the Pacific Carbon Trust. In fiscal 2014, the Company expects to begin realizing new, potentially significant revenue from compliance market offset sales as carbon projects achieve verification and offsets are issued and sold to regulated entities. The Company has positioned itself with a pipeline of projects that will supply demand from each of California, Quebec, Alberta (where legislated carbon markets currently exist) and British Columbia, should provincial government legislate a carbon offset component under the forthcoming liquefied natural gas regulations.

Offsetters' Advisory Services revenues also continued to grow year over year, with 2013 realizing an increase of 13% over fiscal 2012. Significant new revenue growth was derived from two streams of advisory services - ecosystem services work provided to both North American and South American clients, and sustainability consulting services to a larger market consisting of multinational corporations. The Company expects continued growth in both streams throughout 2014 and beyond.

"We are pleased with our first year consolidated performance, and achieving expected sales growth in our core areas of business," commented Dr. James Tansey, CEO of Offsetters. "We maintain our optimistic outlook for continued revenue growth as we expand both our advisory services offerings and our carbon market business. In addition, we anticipate 2014 delivering new lines of revenue resulting from our development activities in regional compliance carbon markets."

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, 2013, 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.

Offsetters Climate Solutions Inc.David Rokoss778-945-0951david.rokoss@offsetters.comwww.offsetters.ca

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