TCF

CBM Asia Development Corp. ("CBM Asia" or the "Company") (TSX VENTURE:TCF),
(OTCBB:CBMDF) (FRANKFURT:IY2) announces that further to its news release dated
April 16, 2014, the British Columbia Securities Commission (the "BCSC"), the
Company's principal regulator, issued a management cease trade order ("MCTO")
against the Company's Chief Executive Officer and Chief Financial Officer on May
1, 2014, as opposed to a general cease trade order against the Company. The MCTO
prohibits trading in securities of the Company, either directly or indirectly,
by these individuals. 


As summarized in the Company's news release dated April 16, 2014 this action was
expected due to the fact that the Company was unable to file its annual
financial statements, Management's Discussion & Analysis and related Chief
Executive Officer and Chief Financial Officer certificates for its fiscal year
ended December 31, 2013 (the "Annual Required Filings") before the April 30,
2014 filing deadline. 


The Company subsequently advised in its news release of June 12, 2014 that it
was also unable to file its first quarter unaudited financial statements,
Management's Discussion & Analysis and related Chief Executive Officer and Chief
Financial Officer certificates for the three months ended March 31, 2014 by the
filing deadline of May 30, 2014 (the "Q1 Required Filings"). 


The Company now reports that the Annual Required Filings and Q1 Required Filings
will not be issued by June 30, 2014. As a result, the BCSC may exercise its
discretion at any time to issue a general cease trade order with respect to the
Company's shares in place of the MCTO. The delayed completion of the Company's
financial statements is due to the late receipt of certain required financial
information from Indonesia and, in some cases, the auditor's requirement for
further or more detailed documentation. The Company continues its efforts to
remedy these issues and anticipates that the Annual Required Filings and Q1
Required Filings can be completed for filing in the second half of July. 


The Company also announces that Mr. Clint Sharples, a director of the Company,
has been appointed Chief Financial Officer. Separately, Mr. Keith Potter has
resigned as General Manager ("GM"), Indonesia. Mr. Potter had been with the
Company as GM Indonesia since April 2012.


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 & 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 September 30, 2013 interim MD&A dated
November 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
CBM Asia Development Corp.
Charles Bloomquist
corpcom@cbmasia.ca
www.cbmasia.ca


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1 877 642 7622
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