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Carbon Conscious Releases March 2009 Quarterly Market Update
Friday May 8, 2009, 11:58 am

Original Announcement: Quarterly Market Update

Carbon Conscious provided its March 2009 quarterly market update, reporting that it has reached agreement of non-binding commercial terms with an ASX top 50 company to plant Mallee Eucalypt trees in the wheatbelt areas of Australia for the production of Carbon Credits to be fungible under the Carbon Pollution Reduction Scheme. The commercial terms involve a structure designed to identify and manage risk and reward between the two parties over the long term life of the arrangement. The formal documents will provide for contracted plantings in the 2009, 2010 and 2011 seasons and an option for the contracting party to plant in the 2012, 2013 and 2014 planting seasons. The company advised further that the Australian government has recently announced a series of changes to the proposed CPRS. The Prime Minister, Mr Kevin Rudd said the start of trading would be delayed until mid‐2011 but that he still aimed to introduce laws through parliament in 2009.

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