Crimson Bioenergy Ltd. Announces Contract with Pacific Carbon Trust

    




 VANCOUVER, Sept. 26, 2012 /CNW/ - Crimson Bioenergy Ltd.  is  pleased to announce that the Company, through its 100% owned  subsidiary, CSQ Environmental Technologies Ltd. ("CSQ"), has signed a  contract with Pacific Carbon Trust ("PCT") for the afforestation of  non-productive farmland near Fort St. John, BC to develop a permanent  mixed-wood forest. Under the contract PCT will purchase up to 56,000 of  the greenhouse gas offsets expected to result from the project over a  10-year period beginning in 2013. PCT will also have a right of first  refusal to purchase any amounts over and above the 56,000 offsets that  may accrue from the project.  The performance of the contract is  subject to Crimson obtaining financing for the project on or before  December 31, 2012.  Crimson is working to secure financing for the  project. 

 "This project is a continuation of our approach to using carbon offsets  to promote the creation of new forests. We are pleased to work with PCT  as a part of British Columbia's climate change mitigation strategy"  stated Crimson Bioenergy's President, Dr. Will Carr. 

 "The CSQ project is the first afforestation project to be added to our  portfolio, and is an example of how offset projects provide both  long-term environmental benefits and impressive economic value for the  province of BC." 

 -Scott MacDonald, CEO, Pacific Carbon Trust. 

 Crimson Bioenergy Ltd.- has extensive management expertise in the areas of forest management,  forest ecosystem restoration, energy crops and greenhouse gas offsets  (carbon credits). Crimson is pursuing the development of longer-term  wood fibre/carbon credit forests that meet the terms of "afforestation"  under carbon offset programs.  It also is developing reforestation  projects on under-utilized agricultural lands for the expanding biomass  energy market that involve short rotation, high density hybrid poplars,  called 'energy crops', with 3-to-10 year growth cycles. 

 Additional information on Crimson Bioenergy can be found on the  corporate website at www.crimsonbioenergy.com or by contacting [e-mail] 

 Pacific Carbon Trust is a Crown corporation established in 2008 to deliver BC-based  greenhouse gas offsets, to help clients meet their carbon reduction  goals and to support the growth of BC's low-carbon economy. For more  information, please visit www.pacificcarbontrust.com. 

 William W. Carr, President 

 FORWARD LOOKING STATEMENTS: This press release contains "forward-looking statements" within the  meaning of applicable Canadian securities legislation. Generally,  forward-looking statements can be identified by the use of forward-  looking terminology such as "plans", "expects" or "does not expect",  "is expected", "budget", "scheduled", "estimates", "forecasts",  "intends", "anticipates" or "does not anticipate", or "believes", or  variations of such words and phrases or state that certain actions,  events or results "may" ,"could", "would", "might" or "will be taken",  "occur" or "be achieved". Forward-looking statements are subject to  known and unknown risks, uncertainties and other factors that may cause  the actual results, level of activity, performance or achievements of  Crimson to be materially different from those expressed or implied by  such forward-looking statements, including but not limited to: risks  relating to Crimson's ability to raise sufficient financing to fund its  business plan, development and expansion activities, dependence on  existing management, financial activities, domestic and global economic  conditions, changes in federal or provincial income tax laws, and  market competition factors. 

 Although Crimson has attempted to identify important factors that could  cause actual results to differ materially from those contained in  forward-looking statements, there may be other factors that cause  results not to be as anticipated, estimated or intended. There can be  no assurance that such statements will prove to be accurate, as actual  results and future events could differ materially from those  anticipated in such statements. Accordingly, readers should not place  undue reliance on forward-looking statements. Crimson does not  undertake to update any forward-looking statements that are contained  herein, except in accordance with applicable 

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Crimson Bioenergy Ltd.


CONTACT:  please contact:Crimson Bioenergy Ltd.Suite 202 - 5752  176th StreetSurrey, BC  V3S 4C8Phone: [phone] 


    

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