FOR IMMEDIATE RELEASE

CSR DEVELOPMENTS SHIPS M.V. KABORE TO GHANA, WEST AFRICA FOR FIRST PHASE OF GREEN RESOURCE DEVELOPMENT VENTURE

MILL BAY, BC, Canada, June 18, 2007 --/WORLD-WIRE/-- CSR Developments (CSRD), an international developer and supplier of ecologically responsible and environmentally friendly tropical hardwoods, announced today that the M.V. Kabore, the first marine vessel slated for operations in CSRD’s Volta Lake project, has arrived in Ghana, West Africa.

The M.V. Kabore will play a critical role as CSRD begins its innovative work on the Volta Lake project, the largest underwater tropical timber recovery operation ever undertaken. The 8,600 sq km lake – created in 1964 with the construction of the Akosombo Dam – contains valuable submerged tropical timber, including mahogany, odum, wawa, kusia, ceiba and danta, all waiting to be recovered.

These hardwoods are in pristine condition and are prime material for premium uses including flooring, veneer, cabinetry and furniture. More importantly, they represent a “found” timber resource of significant quantity. Recovering this timber can reduce the pressure to harvest tropical hardwood rainforests.

The M.V. Kabore, equipped with specially developed technology, will enable CSRD to begin the most complete inventory ever of a submerged tropical forest. “Kabore” – a West African name – was chosen as the name of the vessel because it represents strong leadership and stability.

“CSRD greatly values the community and stakeholders we are working with, including the Ghanaian government, traditional leaders, local and international environmental groups, local businesses and communities to name a few. Our mission is to have a positive impact on the environment, community, and economy,” said Steve Hicks, CSRD COO and CFO.

The involvement of CSRD’s many stakeholders in the Volta Lake venture - Ghanaian government agencies, the Forest Research Institute of Ghana, traditional leaders, and other non-governmental organizations, Ghanaian business alliances, and investors such as Goldman Sachs and Barclays - is a testimony to CSRD’s innovative approach to business. The co-founders - Wayne Dunn, the Rt. Hon. Joe Clark and Steve Hicks - set out to build an international company committed to achieving the Triple Bottom Line, bringing value to all stakeholders, the environment, and shareholders.

“Call it ‘corporate social responsibility’ or ‘triple bottom line’ - societal capitalism, the practice of investing in society’s prosperity, including, of course, the environment and ecology, while producing strong financial returns, is the heart of our business,” said Wayne Dunn, CEO and President. “The Volta Lake venture will prove CSRD’s values, vision, and mission.”

About CSR Developments

Clark Sustainable Resource Developments Ltd. (CSRD), a privately held Canadian company, is an international developer and supplier of guilt-free, tropical hardwoods. Launched in 2005 to secure and operate licenses to harvest timber from forests submerged by hydro-power dams and reservoirs, the company is committed to its mission: develop resources that create social and financial value while respecting and enhancing the environment. By uniquely applying the triple bottom line business methodology, CSRD makes more efficient use of our planet’s natural resources, while benefiting local communities and generating financial value across the board.

For media inquiries,
CONTACT:
Charlene Moore
CSR Developments
Marketing Communications and Public Relations
Phone: +1-831-331-5332
media@csrdevelopments.com