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CBM Asia Development Corp. ("CBM Asia" or the "Company") (TSX VENTURE:TCF)
(US:CBMDF) (FRANKFURT:IY2) provides an update on recent testing activities at
the Kutai West PSC, the signing of a Gas-to-Power Memorandum of Understanding
with PT Navigat Energy and the CAD3.8 million non-brokered private placement.


Kutai West Test Results. The Company in collaboration with operator Newton
Energy reports the following operational results from the KW-CBM-1 well in the
Kutai West PSC, East Kalimantan. Service contractor Halliburton has conducted
DFIT (mini-frac) reservoir tests on four coal seam intervals to measure
permeability and pore pressure. Halliburton then successfully pumped hydraulic
stimulations as designed into the four coal seam intervals. The rig has been
released and a progressive cavity pump has been installed in the well for
long-term production testing.


Preliminary well test analyses conducted by Halliburton, as well as the
corresponding gas content data measured previously by GeoGas, are reported as
follows;




----------------------------------------------------------------------------
       Table 1: Coal Seam Reservoir Test Results from KW-001-CBM Well       
----------------------------------------------------------------------------
Coal           Interval Depth             Absolute     Pore    Gas Content  
        ------------------------------                                      
Seam          Top          Bottom     Permeability Pressure   dry, ash-free 
        --------------------------------------------------------------------
Interval  (m)  (feet)    (m)  (feet)          (mD)    (psi) (m3/t) (ft3/ton)
----------------------------------------------------------------------------
1       314.0  1030.2  319.0  1046.6          5.39      450   7.22       231
2       366.5  1202.4  368.0  1207.3          5.83      526   6.34       203
3       467.4  1533.5  470.0  1542.0          4.78      736   9.12       292
4       690.7  2266.1  693.7  2275.9          1.17      952  11.21       359
----------------------------------------------------------------------------
                                                                            
Halliburton report dated November 21, 2013: depth, permeability and pore    
pressure measurements                                                       
GeoGas Pty Ltd report dated July 2012: gas content measurements             



CBM Asia Chairman Scott H. Stevens noted "These further tests at the Kutai West
PSC, located just 20 km from the Bontang LNG export facility, demonstrate good
coal seam permeability and reservoir pressure. Core testing conducted in 2012
demonstrated excellent gas content at the block. While permeability declined
with depth, as expected, we plan to concentrate on the shallower coals above
2,000 feet which have good permeability in the 5-mD range."


Gas-to-Power MOU. CBM Asia signed a Memorandum of Understanding (MOU) with PT
Navigat Energy to supply up to 5.0 MMscf/d of coalbed methane from its planned
production pilot(s) to gas engine power generation project(s) in the Barito
Basin, South Kalimantan, Indonesia. The two parties will proceed to negotiate
with PT PLN (Persero), Indonesia's state power supplier, on the sale of power
and gas. CBM Asia's role will be limited to gas producer and supplier.


PT Navigat Energy (www.navigat.com) is an integrated distributed power project
developer in South East Asia focused on the value chain of equipment sales,
services, construction and asset ownership of small scale power projects
(1-100MW). The group is involved in the supply and development of a total 803 MW
in Thailand, Indonesia and Myanmar and is supported by the largest power
equipment supplier, General Electric and Standard Chartered Bank, one of the
largest banks in Asia.


"With the signing of Gas-to-Power MOU and the Gas-to-LNG MOU (signed in
September), we have established commercial channels for early monetization of up
to 55 MMscf/d from pilot production and beyond under Plan of Developments,"
states Alan Charuk CBM Asia's President and CEO. "The quality of our potential
gas offtakers, joint venture partners and their financial supporters will play a
major role in our ability to secure project financing for these exciting
development programs."


Private Placement. The Company has received subscriptions and funds totaling
approximately CAD250,000 for the CAD3.8 million private placement announced on
November 25, 2013 and is in the process of execution. The CAD517,734 management
tranche announced on August 26, 2013 is fully subscribed with all funds
received. The management tranche has been transferred to the new Private
Placement and will be executed following public disclosure of the conclusion on
the ExxonMobil Umbrella Agreement amendment and TSX-V acceptance.


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 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 June 30, 2013 interim MD&A dated August
20, 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, or (866) 504-4755
corpcom@cbmasia.ca
www.cbmasia.ca


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