TCF

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


Following the announcement in regard to the development plans of the Kutai West
PSC (April 4, 2014) CBM Asia Development Corp. ("CBM Asia" or the "Company")
(TSX VENTURE:TCF)(OTCBB:CBMDF)(FRANKFURT:IY2) announces a non-brokered private
placement of CAD$11,000,000 secured loans with bonus shares (the "Offering").
The Company also announces substantial costs cutting measures.


CAD$11,000,000 Secured Notes with Bonus Shares

The Company is offering up to 550 Units at a price of CAD$20,000 per Unit for
aggregate gross proceeds of up to CAD$11,000,000, subject to the Issuer's right
to increase the size of the Offering at its sole discretion. The Units will be
sold directly by the Issuer and through certain dealers, agents and other
finders, registered and otherwise (collectively "Finders"). 


Unit. Each Unit consists of one Note in the principal amount of CAD$20,000 and
80,000 Bonus Shares. 


Bonus Shares. All Bonus Shares to be issued pursuant to the Offering will be
granted immediately on Closing and subject to a hold period of 4 months and 1
day.


Notes. The Notes will be subject to, inter alia, the following rights and
restrictions:




--  Principal. Notes will be issued in the principal amount of CAD$20,000 or
    integral multiples thereof. 
--  Interest. The Notes will bear simple interest at the rate of 18% per
    annum, calculated annually not in advance, with interest only payments
    payable semi-annually. 
--  Term. The Notes will be for a term of two years and mature on the second
    anniversary of the Closing Date. 
--  Security. Each Note in the principal amount of CAD$20,000 will be
    secured, on a pro rata undivided basis, by a pledge over the equivalent
    of thirty-six (36) of 0865665 B.C. Ltd. Shares representing 0.15% of the
    total issued and outstanding shares of 0865665 B.C Ltd. 
--  0865665 B.C. Ltd. holds a 26% interest in Sekayu PSC in South Sumatra,
    Indonesia. The Sekayu PSC has a National Instrument 51-101 compliant
    engineered recoverable prospective resources of 1,062 Bcf (177 MMboe) of
    which CBM Asia is entitled to 276 Bcf (46 MMboe). Each CAD$20,000 Note
    is supported by 414 MMcf (69,000 boe) of recoverable resource. The
    Sekayu PSC 51-101 engineering report is available on the Company's
    website (www.cbmasia.ca - investors/engineering reports). 
--  Early Repayment. The Company shall have the right to prepay the Notes,
    in whole or in part, at any time without notice, bonus or penalty,
    provided that if the Company prepays the Notes prior to the first
    anniversary of the Closing Date, the Company shall pay to the holders of
    Notes an amount equal to one year's interest on the Notes, less any
    interest previously paid by the Issuer; 
--  Rank. All Notes will rank pari passu with one another, in accordance
    with their terms, without discrimination, preference or priority; 
--  Trustee. The Notes will be issued pursuant to and governed by a note
    indenture to be entered into between the Company and a third party
    trustee, on behalf of the Subscribers, as designated by the Company. 



Finders: The Company reserves the right to pay to the Finders in connection with
the issue and sale of Units under the Offering a commission or fee in cash
and/or finder's warrants in accordance with the policies of the TSX Venture
Exchange (the "Exchange") in consideration for their services in introducing
Subscribers to the Company. 


Approval: The Offering is subject to the acceptance of the Exchange. 

Use of Proceeds: The proceeds for the Offering will be used to fund; 



--  CBM Asia's obligation of the Kutai West PSC Phase I development project
    and Sekayu PSC appraisal work 
--  Upfront restructuring and downsizing costs 
--  General and administrative expenses 
--  Kutai II arbitration award  



Descriptive details of the Use of proceeds can be found in the Company's new
corporate presentation on the company website (www.cbmasia.ca -
investors/presentations).


Cost Cutting Measures

In conjunction with the Offering, the Company has taken significant steps to
reduce general and administrative (G&A) expenses and operational running costs
from US$3.8-5.0 million to US$1.8-2.2 million per year. Key cuts include;




--  Reduced Vancouver office staff levels to one and cut executive pay by
    50% including the President and CEO. Office size was also reduced and
    the investor relations program cut by 90%. These actions plus
    anticipated lower legal fees are expected to reduce corporate costs from
    US$2.0-3.2 million to US$1.0-1.4 million per year.  
    
--  Reduced operational costs by cutting the Jakarta office staff level from
    22 to four and reducing office size. These actions are expected to
    reduce costs from US$1.8 million to US$840,000 per year.  



President and CEO Charles Bloomquist noted that, "The Company has been under new
executive management since late January. In the short time since then, staffing
and costs have been substantially reduced and the Company has focused on the
development of commercial gas production from the Kutai West PSC. Kutai West is
our most significant asset with 705 Bcf of independently evaluated gas resource
(net to CBM Asia), is located next to the Sanga-Sanga PSC which is already in
commercial production, and offers excellent alternatives for marketing gas at
attractive prices in the near term."


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. Indonesia has one of the
largest CBM resources in the world with a potential 453 trillion feet3 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, 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. 

Charles W. Bloomquist, President and 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.
Charles Bloomquist
604.684.2340
TF.866.504.4755
604.684.2474 (FAX)
corpcom@cbmasia.ca
www.cbmasia.ca


Investor Relations Contact:
Micro Cap et al
1 877 642 7622
info@microcapetal.com

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