Offsetters Announces AGM Results and Provides Progress Update

VANCOUVER, BC--(Marketwired - March 26, 2015) - Offsetters Climate Solutions Inc. ("Offsetters" or the "Company") (TSX VENTURE: COO) (FRANKFURT: 9EA) is pleased to provide the results of the Annual General Meeting held on March 25, 2015 and provide an update on the progress of the acquisition (the "Acquisition") of Forest Finance GmbH assets as announced in a news release on February 5, 2015.

The Company is pleased to report that shareholders of the Company have reappointed Dr. James Tansey, Alexander Zang, Georg Shattney, Graham Harris, John Poulter and Jim Logan to the Board of Directors, in addition to increasing the size of the Board to nine members. The shareholders have also appointed Harry Assenmacher, founder and CEO of Forest Finance GmbH and Dirk Walterspacher, CEO of Forest Finest and the CO₂OL carbon business, as Directors, in anticipation of the closing of the acquisition of assets of Forest Finance GmbH. Should the intended acquisition not be completed as anticipated, both Mr. Assenmacher and Mr. Walterspacher have agreed to resign their Board seats upon termination of the acquisition. One Board seat remains vacant. Shareholders also reappointed Davidson and Company LLP as auditors for the Company, and adopted the proposed 2015 10% rolling stock option plan, which will become effective upon approval by the Directors of the Company and the TSXV Exchange (the "Exchange").

Update on the Acquisition of Forest Finance GmbH Assets

As reported on February 5, 2015, the Company signed a Letter of Intent to acquire various assets of Forest Finance GmbH, based in Germany. The Company is pleased to report that due diligence is nearing completion, and expects to submit all necessary documentation to the Exchange for final review within the next two weeks. The Acquisition remains subject to Exchange approval. Upon completion and acceptance of the Exchange review, it is anticipated that Offsetters and Forest Finance GmbH will complete a Share Exchange Agreement, finalizing the Acquisition.