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) 


Palisade Capital. The Company announces that, subject to acceptance of the TSX
Venture Exchange (the "Exchange"), it has retained Palisade Capital Corp.,
headquartered in Burtonville, Maryland, U.S.A. ("Palisade"), as an independent
consultant to provide marketing services to the Company including producing a
corporate video profile outlining the Company's coal bed methane projects in
Indonesia, setting up a marketing roadshows/teleconference for the European,
Canadian and U.S. investment community and assisting in the distribution of news
releases. Collin Kettell, the CEO and Principal of Palisade, will be primarily
responsible for providing the services to the Company.


Palisade offers strategic consulting services to public and private companies
looking to expand their corporate footprints and attract new international
investors. From marketing road shows to full-service investor relations and
promotional video campaigns, Palisade utilizes innovative strategies and
techniques to drive broader investor awareness, increased liquidity, and higher
valuations for its clients.


In consideration for its services, the Company has agreed to pay Palisade a
total fee of $70,000 for a term of 10 months (i.e. $7,000 per month) commencing
September 1, 2013 and ending on July 31, 2014, subject to the Company's right to
terminate the agreement at any time. In addition, the Company has agreed to
grant Palisade a stock option to purchase a total of 300,000 common shares at a
price of $0.10 per share for a period of 1 year, subject to vesting in
accordance with the Company's stock option plan and the policies of the
Exchange. Palisade has also subscribed for 520,000 common shares at a price of
$0.10 per share for gross proceeds of $52,000 pursuant to the Company's
non-brokered private placement announced on August 6, 2013. 


Except as aforesaid, Palisade does not have an interest, direct or indirect, in
the Company's securities, or any right or intent to acquire such an interest. 


Kutai II Arbitration Decision: The ICC has ruled against CBM Asia's claim on the
Kutai II CBM production sharing contract. The Company had previously written off
100% of its $40,546 investment in the property during the second quarter of
2011. 


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.


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. 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
President & CEO
(604) 684-2340 or (866) 504-4755
corpcom@cbmasia.ca
www.cbmasia.ca


Investor relations
Micro Cap et al
1 877 642 7622
info@microcapetal.com

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