FOR IMMEDIATE RELEASE

BEIJING - SEPTEMBER 29, 2009

INTERNATIONAL

Carbon Bank Ireland, Ltd., an Irish investment bank, today announced the execution of

a joint venture agreement with the Chinese financial conglomerate CITIC GROUPto implement a

trading platform for Voluntary Emission Credits (VERs). These will be  generated by  companies

which wish to reduce their carbon emissions in the PRC.

            This platform  will be the first of its kind in the PRC to harvest VERs from

 government owned and private companies and sell them globally. Presently existing Chinese

enterprises which are ‘going green’ include the dairy industry (bovine digesters), the cement

industry (co –generation facilities) and urban landfills (land fill biogas projects).  The new

company CIAM – PURESKY CARBON TRADING LTD. will also offer consulting services to

Chinese companies which wish to ‘go green’ and help provide financing for both clean

development mechanisms under the Kyoto protocols and non- Kyoto clean-tech projects. The

company has offices in Shenzhen and Hong Kong.

            “We intend to capture the lion’s share of the emerging VER market in China,” said 

Chen Geduo, the company’s President, at the signing ceremonies in Beijing on Thursday.

            Implementation of the joint venture with CITIC follows Carbon Bank Ireland’s execution

of a cooperation agreement with the Central Government’s National Development and Reform

Commission to further clean development mechanisms (CDM) in the PRC.

            “Today’s joint venture is another sign of China’s commitment to green energy and

an implementation of its promise to bear a fair share of the world’s greenhouse gas reduction,” said

Bill McCann, Board Chairman of the Irish company.

                      For further information, contact Ms. Marlene Olsen of Olsen and Asosciates,

Carbon Bank of Ireland’s U. S. publicist, (775) 829-2819, or info@carbonbankireland.com

*

Voluntary emission credits represent one tradeable credit for each ton of carbon dioxide not

emitted into the atmosphere. In the case of a dairy, for example, the methane from bovine

effluent is contained, conserved, and burned to produce clean electrical energy.