TCF

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES.


CBM Asia Development Corp. ("CBM Asia" or the "Company") (TSX
VENTURE:TCF)(US:CBMDF)(FRANKFURT:IY2) announces that Mr. Alan T. Charuk has
resigned as the President, Chief Executive Officer and Director of the Company.
The Board of Directors of the Company has elected Mr. Charles W. Bloomquist,
formerly VP of Operations as well as a co-founder and director of CBM Asia, as
the new President and Chief Executive Officer. 


Mr. Bloomquist holds a B.S. in Petroleum Engineering from the Colorado School of
Mines and has accumulated over 40 years of experience in oil and gas investment
and operations worldwide. Working in Indonesia starting in the 1970's Mr.
Bloomquist has managed oil & gas production sharing contracts, partner
agreements, and exploration & development well operations. He has helped pioneer
the country's emerging coalbed methane industry since first recognizing the
potential in 1995. Mr. Bloomquist has been a Registered Professional Engineer in
Colorado since 1975 and is a Member of the Society of Petroleum Engineers and
the Indonesian Petroleum Association.


"CBM Asia welcomes our long-time colleague Mr. Bloomquist in his new role to
lead the Company towards early production from our Indonesia coalbed methane
properties," stated Scott H. Stevens, Chairman of CBM Asia. "In addition to his
exceptional technical expertise, we particularly value Charlie's experience with
contracts, negotiations, and partner relations in Indonesia. Our Jakarta team,
led by General Manager Mr. Keith Potter, stands ready to implement the Company's
2014 program under Charlie's leadership. We also thank Mr. Charuk for his many
years of service and contributions to the Company since its founding and wish
him success in his future endeavors." 


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. 

Scott H. Stevens, Chairman

For further information on CBM Asia Development Corp., please visit our website
at www.cbmasia.ca. 


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 or Toll Free: 866.504.4755
604.684.2474 (FAX)
corpcom@cbmasia.ca
www.cbmasia.ca


For investor relations contact:
Micro Cap et al
1.877.642.7622
info@microcapetal.com

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