TCF

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS
AGENCIES


CBM Asia Development Corp. ("CBM Asia" or the "Company") (TSX
VENTURE:TCF)(US:CBMDF)(FRANKFURT:IY2) provides an update on the CAD5.0 million
non-brokered private placement (the "Offering") announced on July 26, 2013.


The first retail tranche has been filled. A second retail tranche is currently
being placed with indications of an additional CAD1.0 million. Closing of the
first retail tranche will take place immediately following the release of the
Company's pending operational update news release. The management tranche will
be executed shortly thereafter.


The pending operational update will be released once approved by project
partners and will highlight:




1.    Barito Basin: development and potential changes to ExxonMobil Joint   
      Venture                                                               
2.    Sekayu PSC: test production flow results and recent completion of the 
      CBMSE-01 core well                                                    
3.    Kutai West PSC: upcoming production test                              



The Offering is expected to close in several tranches including a management
tranche of up to 10% of the total Offering, several retail tranches and an
institutional tranche.


A finder's fee of up to 6% cash and 5% finder's warrants may be paid to eligible
dealers and finders in connection with the Offering. Each finder's warrant will
entitle the holder to purchase one common share of the Company at a price of
$0.10 for a period of 12 months after closing.


ABOUT CBM ASIA DEVELOPMENT CORP.

CBM Asia Development Corp. is a Canadian-based unconventional gas company with
significant coalbed methane ("CBM") exploration and development opportunities in
Indonesia. The Company holds various participating interests in five production
sharing contracts (each a "PSC") for CBM in Indonesia, with the right to
farm-into 4 additional PSCs. Indonesia has one of the largest CBM resources in
the world with a potential 453 trillion cubic feet in-place, more than double
the country's natural gas reserves (Stevens and Hadiyanto, 2004). Since 2008 a
total of 54 CBM PSCs have been granted by the Government of Indonesia,
representing exploration commitments of well over US$100 million during the next
3 years. In addition to CBM Asia, other companies active in CBM exploration in
Indonesia include BP, Dart Energy, ENI, ExxonMobil, Medco, Santos, and TOTAL.
BP, ENI, and the Indonesian government have confirmed that commercial CBM
production started in March 2011 from the Sanga-Sanga PSC and is being exported
from the Bontang LNG facility. The Company trades on the TSX Venture Exchange
under the symbol "TCF".www.cbmasia.ca




ON BEHALF OF CBM ASIA DEVELOPMENT CORP.                                     
                                                                            
"Alan T. Charuk"                                                            
                                                                            
President & CEO                                                             



Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.




                         CBM ASIA DEVELOPMENT CORP.                         
        404-815 Hornby Street                 Vancouver, BC, V6Z 2E6        
                T.604.684.2340 F.604.684.2474 TF.866.504.4755               
                               www.cbmasia.ca                               



This news release contains forward-looking statements, which relate to future
events or future performance and reflect management's current expectations and
assumptions. Such forward-looking statements reflect management's current
beliefs and are based on assumptions made by and information currently available
to the Company. Readers are cautioned that these forward looking statements are
neither promises nor guarantees, and are subject to risks and uncertainties that
may cause future results to differ materially from those expected. The economics
of exploring, developing and operating resource properties are affected by many
factors including, but not limited to, the cost of exploration and development
operations, conclusions of economic evaluations, unexpected formations or
pressures, premature declines in reserves, potential environmental damage,
blow-outs, fires, variations in the amount and saturation of CBM contained in
individual coal seams and the rate of production therefrom, fluctuations in gas
prices and the availability of capital. There are no assurances that the
Company's work programs will result in the discovery of commercially viable or
economically producible properties or that the Company will be successful in
completing the Offering in whole or in part. Gas in place estimates referred to
in this news release are not NI 51-101 compliant and do not represent
"discovered petroleum initially-in-place" within the meaning of the Canadian Oil
& Gas Evaluation Handbook (COGE Handbook). The term "discovered petroleum
initially-in-place" is equivalent to discovered resources, and is defined in the
COGE Handbook to mean that quantity of petroleum that is estimated, as of a
given date, to be contained in known accumulations prior to production. There
are no assurances that any portion of the estimated gas in place resources
referred to herein will be discovered. Furthermore, such estimates make no
allowance for the recovery of the gas which will depend on, among other things,
the reservoir characteristics encountered and future economic conditions. All of
the forward-looking statements made in this news release are qualified by these
cautionary statements and those made in our Canadian continuous disclosure
filings available on SEDAR at www.sedar.com including our December 31, 2012 year
end annual MD&A dated April 24, 2013 and first quarter 2013 interim MD&A dated
May 29, 2013. These forward-looking statements are made as of the date hereof
and the Company does not assume any obligation to update or revise them to
reflect new events or circumstances save as required under applicable securities
legislation. 


THIS NEWS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION
TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT
CONSTITUTE AN OFFER TO SELL SECURITIES AND THE COMPANY IS NOT SOLICITING AN
OFFER TO BUY THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN
REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY
STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO
U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.


FOR FURTHER INFORMATION PLEASE CONTACT: 
CBM Asia Development Corp.
Alan Charuk
(604) 684-2340
(866) 504-4755
corpcom@cbmasia.ca
www.cbmasia.ca


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