Climos Receives First Methodology for Ocean Iron Fertilization From EcoSecurities,...

Climos Receives First Methodology for Ocean Iron Fertilization From EcoSecurities, Signs With DNV for Validation

SAN FRANCISCO--(Business Wire)--Climos, a company dedicated to removing carbon from the
atmosphere, today announced that EcoSecurities has prepared a draft
version of a methodology for Ocean Iron Fertilization, based on
precedent established by the Kyoto Protocol's Clean Development
Mechanism. This methodology has been delivered to DNV (Det Norske
Veritas) for review, in preparation for its implementation at a
specific project site. Climos and DNV recently signed a contract for
project validation services.

Research and drafting of the methodology was led by Kevin Whilden,
Climos Director of Market Strategy, together with Dr. Margaret Leinen,
Climos Chief Science Officer; Dr. Anthony Michaels, Director of the
Wrigley Institute for Environmental Studies at the University of
Southern California; and Jessica Wade-Murphy of EcoSecurities' Global
Consulting Services practice.

"We are pleased to announce the completion of a key step in the
development of the first methodology for Ocean Iron Fertilization,"
said Dan Whaley, Climos CEO. "Climos is committed to working with the
best partners in the industry to bring a robust and verifiable
approach for this new technology to market."

"Rigorously defined methods and comprehensive verification
procedures are absolutely critical to the success of carbon
sequestration methodologies and markets," said Dr. Michaels, an
oceanographer specializing in biogeochemistry, nitrogen and carbon
cycling. He continued, "I applaud Climos in both the quality of this
method and their willingness to involve independent scientific experts
from major research universities in both the creation of the method
and in its assessment. We all agree that we must set a very high bar
for quality so that we know that carbon has been safely sequestered
and we can balance these benefits with any potential costs and risks."

Dr. Mark Trexler, Director of Global Consulting Services for
EcoSecurities said, "EcoSecurities is committed to innovating leading
edge methodologies for carbon reduction sectors and technologies that
can help set the stage for the greater emissions reductions needs of
future carbon markets."

The elements of the methodology together with an overview of
science and policy considerations were presented Tuesday at 10am in a
panel session cosponsored by IETA (International Emissions Trading
Association) at this year's Conference of the Parties (COP 13)
beginning in Bali this week.

About Climos

Climos is a company dedicated to removing carbon from the
atmosphere. Founded in California's Silicon Valley by entrepreneurs
Dan Whaley and Richard Whilden, Climos' scientific research is
overseen by Dr. Margaret Leinen, former Assistant Director of
Geosciences at the National Science Foundation (NSF). Climos is guided
by a Scientific Advisory Board that includes some of the world's
experts in ocean, earth and climate science.

About EcoSecurities

EcoSecurities is one of the world's leading companies in the
business of originating, developing and trading carbon credits.
EcoSecurities structures and guides greenhouse gas emission reduction
projects through the Kyoto Protocol, working with both project
developers and buyers of carbon credits. EcoSecurities has experience
with projects in the areas of renewable energy, agriculture and urban
waste management, industrial efficiency, and forestry. With a network
of offices and representatives in over 20 countries on five
continents, EcoSecurities has amassed one of the industry's largest
and most diversified portfolios of carbon projects. Today, the company
is working on more than 400 projects in 36 countries using 18
different technologies, with the potential to generate more than 150
million carbon credits. EcoSecurities Group plc is listed on the
London Stock Exchange AIM (ticker ECO.L).

About Ocean Iron Fertilization

Ocean Iron Fertilization involves the application of iron at trace
concentrations in iron-limited regions of the ocean to accelerate the
growth of phytoplankton. This process is intended to remove large
quantities of carbon from the atmosphere as an approach to mitigating
the effects of global warming. It has been demonstrated experimentally
in 12 publicly funded open ocean experiments since 1993. A natural
part of Earth's carbon cycle, phytoplankton production sequesters over
3 billion tons of CO2 from the surface ocean to deep water every year
in a process referred to by oceanographers as the "Biological Pump".
Over the last billion years, this mechanism has been primarily
responsible for the concentration of over 80% of Earth's mobile carbon
in the deep ocean. Oceanographers first confirmed in 1988 that iron is
a limiting factor on phytoplankton productivity in many of the world's
oceans.

Climos
Dan Whaley, CEO, 650-274-7647
dwhaley@climos.com

Copyright Business Wire 2007