CBM Asia Development Corp.
TSX VENTURE : TCF
FRANKFURT : IY2
OTC Bulletin Board : CBMDF

CBM Asia Development Corp.

September 25, 2009 20:02 ET

CBM Asia Increases Financing to CDN$3,300,000

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 25, 2009) -

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

Further to the Company's news release dated September 16, 2009, CBM Asia Development Corp. (the "Company" or "CBM Asia") (TSX VENTURE:TCF)(OTCBB:CBMDF) (FRANKFURT:IY2) announces that due to oversubscription it has increased the size of the private placement to 11,000,000 units (the "Units") at a price of CDN$0.30 per Unit for gross proceeds of CDN$3,300,000 (the "Private Placement"). Each Unit consists of one common share (a "Share") and one share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire an additional Share (a "Warrant Share") at a price of CDN$0.40 per Warrant Share for period of 36 months, provided that if the Company's shares trade at CDN$1.25 per Share or more for 20 consecutive days the Company shall have the right to accelerate the expiry date of the Warrants upon 30 days notice.

The net proceeds of the Private Placement will be used to fund the acquisition, exploration and development of the Company's coal bed methane interests in Indonesia and for general working capital purposes.

The Company anticipates closing the Private Placement within the next few days following acceptance of the TSX Venture Exchange.

ON BEHALF OF CBM ASIA DEVELOPMENT CORP.

Alan T. Charuk, President & CEO

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

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. Investors 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. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.

THIS PRESS 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 OF 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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information