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Rainforest Resources Inc. Announces Sumaksacha Tropical Forest Project Development


Miami, Florida, September 15, 2021 – RAINFOREST RESOURCES INC (Symbol: RRIF) announces that its subsidiary Rainforest del Ecuador is currently conforming the technical team that will carry out the development of the SUMAKSACHA project with 11,370 hectares of forest, this project will be submitted to VERRA towards the issuance of tradable VCU's (verified carbon units) in their VCS Program (Verified Carbon Standard program), the world's largest and leading voluntary program for the certification of GHG emission reduction projects (https://verra.org).

 

This new technical team from Rainforest Ecuador will be responsible for project planning and field data collection and will carry out the extremely rigorous and highly technical work of applying VERRA-approved methodologies for calculating avoided deforestation carbon units.

 

This new project, like the previous one, will follow the strict standards, rules, and requirements of VERRA's VCS and CCB programs. VERRAS' CCB program (CCB = Climate, Community and Biodiversity) is the world's leading framework for evaluating land management projects that create positive net benefits for climate change mitigation, local communities and biodiversity.

 

For further information on Rainforest Resources Inc. (RRIF) please visit the Company website, www.rainforestresourcesinc.com

 

For further information,

Contact : [email protected]

 

This Press Release contains certain forward-looking statements that are based on management’s expectations, estimates, projections and assumptions. Words such as “expects” “anticipates” “plans” “believes” “scheduled” “estimates” and variations of these words and similar expressions are intended to identify forward-looking statements, which include but are not limited to projections of revenues, earnings, segment performance, cash flows, contract awards, and stability. Forward-looking statements are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors beyond the control of management. All forward-looking statements speak only as of the date of this release, or, in the case of any documents incorporated by reference, the date of that document. All subsequent written and oral forward-looking statements attributable to the company or any person acting on the company’s behalf are qualified by the cautionary statements in this section. The company does not undertake any obligation to update or publicly release any revisions to forward looking statements to reflect events, circumstances or changes in expectations after the date of this report.

 

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