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

CBM Asia Development Corp.

April 11, 2011 18:33 ET

CBM Asia Development Corp.: Appointment of Dr. James F. Friberg and Adam Q. H. Clarke as Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 11, 2011) - CBM Asia Development Corp. (the "Company") (TSX VENTURE:TCF)(US:CBMDF)(FRANKFURT:IY2) announces that Mr. Bradley Field has resigned as a member of the Board of Directors. The Board gratefully acknowledges Mr. Field's contributions to the company during the past four years.

The Board also is pleased to announce that effective April 8, 2011, Dr. James F. Friberg and Mr. Adam Q.H. Clarke have joined the CBM Asia Board of Directors.

Dr. Friberg was the former President and CFO of Black Gold Energy, an Indonesia-based oil and gas exploration company formed in 2006 and then sold to Niko Resources Ltd. for CAD300 million in 2009. Prior to helping co-found Black Gold Energy, Dr. Friberg held senior executive positions at Unocal and Chevron in Jakarta and other locations, including Chief Geologist Worldwide and Chief Exploration Advisor, Manager Partner Relations and Vice-President, Commercial Affairs for Unocal Indonesia.

"Dr. Friberg's pioneering geological expertise, management experience, government contacts, and proven track record contributed greatly to Black Gold's acquisition of over 54,000 sq km of highly prospective acreage in 12 Indonesian Production Sharing Contracts. His experience and expertise will be invaluable to CBM Asia, especially as we expand our portfolio and move towards development of our coalbed methane properties," said Scott H. Stevens, Chairman of the Company.

The Board is also pleased to announce that Mr. Adam Q.H. Clarke will join the Board of Directors and hold the position of VP Corporate Development. Mr. Clarke is based in Hong Kong and has over 20 years of financing experience in the oil and gas industry, having held senior positions with Bear Stearns, Swiss Bank Corp., and Expedition Capital Ltd. Mr. Clarke's role at the Company will focus on capital raising activities, joint venture negotiations, and gas commercialization.

"Mr. Clarke's deep experience and contacts within the capital markets of the Asia-Pacific region already have had a substantial positive impact. Asian-based energy investors have funded nearly all of the Company's recent private placements. As the Company grows within the expanding Indonesian coalbed methane industry, the ability to tap Asian capital markets will become increasingly valuable," said Mr. Stevens.

CBM Asia has granted an aggregate of 760,000 stock options to the new directors, which options are exercisable for a term of five years at an exercise price of $0.17 per share.

About CBM Asia

CBM Asia Development Corp. is a Canadian-based unconventional gas company with significant coalbed methane ("CBM") exploration and development opportunities in Indonesia. The Company has entered into a binding letter of intent to acquire a participating interest in a production sharing contract ("PSC") for CBM on a 58,349-hectare block located in the South Sumatra Basin where initial exploration drilling of a production test well commenced in the second half of 2009. The Company has committed to fund an initial US$3.25 million in exploration expenditures on the Sekayu PSC to prove reserves and submit a Plan of Development to the Government of Indonesia. Sekayu Block Interests of the Company, Ephindo and Batavia Energy are beneficially held in South Sumatra Energy, Inc. Since May 2008 more than 20 CBM PSCs have been granted by the Government of Indonesia, representing exploration commitments in excess of US$100 million over the next 3 years. The Company trades on the TSX Venture Exchange under the symbol "TCF". http://www.cbmasia.ca

ON BEHALF OF CBM ASIA DEVELOPMENT CORP.

Alan T. Charuk, President & CEO

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. 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 does not constitute an offer to sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

Neither 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.

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