CFS is completing the Project Design Document (PDD) using the Voluntary Carbon Standard (VCS) for validation by its third-party auditors, Rainforest Alliance / Nepcon Inc., who are authorized to conduct audits using the VCS. Rainforest Alliance, an organization accredited to conduct audits, validations and verifications based on the VCS, will be completing its on-site audit of the Project in late 2009, following a preliminary validation assessment of the Project.

CFS expects the Project to earn VCS validation by the end of 2009 and anticipates that approximately 500,000 tonnes of high-quality carbon credits, validated to VCS methodologies, will be generated from the Project to be sold in the Voluntary Market. The Project is located in the province of Warmian-Masurian, Northern Poland. The Project land was aggregated and afforested in cooperation with CO2 Reduction Poland Sp. Z.o.o and eight different private land owners for a 30 year project period.