Bluforest Inc. (fka BLUF)

[ash111]

Audited fin. "leaving a capitalized value of $525,000,000 which has been recorded on the balance sheet as
Property for Developing carbon assets."

December 31, 2011 $ - $ - $ -
Additions 600,000,000 173,875,000 773,875,000
Impairment expenses (75,000,000 ) - (75,000,000 )
Balance, December 31, 2012 $ 525,000,000 $ 173,875,000 $ 698,875,000

Balance, September 30, 2013 $ 525,000,000 $ 173,875,000 $ 698,875,000