CBM Asia Announces Conference Call & Live Web Cast

VANCOUVER, BRITISH COLUMBIA--(Marketwire -11/03/11)- CBM Asia Development Corp. ("CBM Asia" or the "Company") (TSX-V: TCF.V - News)(US: CBMDF.PK - News)(Frankfurt: IY2.F - News) announces that management will host a conference call and live webcast for analysts and investors on Thursday, November 10, 2011 at 9:00 a.m. Pacific Daylight Time (12:00 p.m. Eastern Time) to discuss the Netherland, Sewell & Associates, Inc. National Instrument 51-101 resource estimate for the Sekayu production sharing contract located in the South Sumatra Basin of Indonesia (please refer to the Company's news release dated November 2, 2011) and the outlook for 2012.

Conference Call Numbers:

Canada & USA Toll Free Dial In: 1-800-319-4610, local Vancouver 604 638 5340 or Outside Canada & USA Call: 1-604-638-5340.

The call is being webcast and can be accessed at CBM Asia's website at http://www.cbmasia.ca/ or enter the following URL into your web browser: http://services.choruscall.com/links/cbm111006.html

Should you have questions that you would like addressed during the Q & A portion of the Web Cast please email your questions to bbell@microcapetal.com. Questions will be accepted up to the conclusion of the formal part of the presentation.

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. Indonesia has one of the largest CBM resources in the world with a potential 453 trillion cubic feet in-place, more than double the country's natural gas reserves (Stevens and Hadiyanto, 2004). Since 2008 approximately 25 CBM PSCs have been granted by the Government of Indonesia, representing exploration commitments of 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, ExxonMobil, Medco, and TOTAL. 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

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.