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July 14, 2009

Carbon Credit Corp, Canadian subsidiary of C-Lock Technology, announces a Financial Contribution from the National Research Council of Canada for its next phase Carbon Credit Asset Management System (CCAMS) development.

14th July 2009, Vancouver, BC – Carbon Credit Corp (CCC), a leading Canadian company providing innovative solutions for greenhouse gas emission management and ecosystem services, announced today that it has received a contribution of up to $130,000 from the National Research Council of Canada Industrial Assistance Program (NRC-IRAP). This contribution, in addition to both technical and business oriented advisory services provided by NRC-IRAP, will enable the company to expand its Carbon Credit Asset Management System (CCAMS) with additional functionality for the growing carbon forestry and building energy efficiency sector.

“The business opportunities for CCC in these sectors are significant and have been recognized by policy makers in the US and Canada. The recent passage of the American Carbon Environment and Security (ACES) act through the US Congress has highlighted the importance of both avoided deforestation and building energy efficiency in efforts to reduce global warming. NRC-IRAP’s support will allow CCC to develop unique carbon management platforms which enable the transparent and accurate reporting of emission reductions and creation of carbon offsets.” says Shawn Burns, CEO and President of CCC.

Carbon Credit Corp’s Canadian Forestry projects have the potential to sequester up to 20 million tons of carbon dioxide from the atmosphere, and when monetized, these projects have a present value of between $100 and $150 million. CCC’s CCAMS will provide powerful decision support and management software to project developers of forest management projects from British Columbia to Brazil.

In the building energy efficiency sector, CCAMS will provide comprehensive functionality that enables commercial building property managers to quantify and aggregate the emission reduction for the subsequent verification of carbon credits under regulatory and voluntary protocols. With an estimated 10% energy efficiency gain from initial building retrofits of the over 100,000 commercial building estimated in North America, CCAMS has the potential to earn transaction fee revenues of up to $20 million from carbon credit generation automated within CCAMS.

“The integrity of any carbon credit monetization project is directly depending on the quality and accuracy of the data management solutions utilized by the project owners. CCAMS, a part of our GreenCert™ product portfolio, is based on our drive to develop innovative and cost effective solutions providing the highest business value to our customers.” says Joerg Germann, Senior VP Technology of CCC.

NRC-IRAP works with small- and medium-sized Canadian firms, providing expertise and advice as well as funding support in developing their innovative ideas. Financial assistance for this project is a direct result of the Government of Canada’s Economic Action Plan outlined in Budget 2009.

About Carbon Credit Corp
Carbon Credit Corp. is a values-based, greenhouse gas management company that leads its clients to sustainable profitability in a regulated world by aligning their social, environmental and financial goals. The company is carbon neutral, a founding reporter of The Climate Registry, and produces a Global Reporting Initiative Sustainability Report.

About C-Lock Technology Inc.
C-Lock Technology Inc., a subsidiary of Evergreen Energy Inc. (NYSE Arca: EEE), is deploying GreenCert™, a web-based carbon information management tool for agriculture and industry, including the energy industry. GreenCert™ is a combined solution set that integrates IBM software products and tools with customized C-Lock Technology Inc. software processes for the complex task of precise and accurate GHG measurements. The IBM framework platform and architecture meets current GHG processing demands and is scalable for worldwide and large enterprise applications.