CBM Asia Selects Netherland, Sewell to Audit Coalbed Methane Resources

VANCOUVER, BRITISH COLUMBIA, Feb 18 (MARKET WIRE) --
CBM Asia Development Corp. ("CBM Asia" or the "Company") (TSX
VENTURE:TCF)(US:CBMDF)(FRANKFURT:IY2) has selected Netherland, Sewell and
Associates, Inc. (NSAI) to audit some of the Company's additional coalbed
methane resources in Indonesia.

Based in Houston and Dallas, NSAI is a qualified reserves auditor with
extensive experience in coalbed methane (CBM) resource auditing, having
worked with most of the top operators in every major producing coal gas
basin in the world. NSAI will conduct the audit under Canadian standards
for disclosure (National Instrument 51-101 Standards of Disclosure For
Oil and Gas Activities).

"CBM Asia previously selected NSAI to audit its interests in the Sekayu
and Kutai West PSC's which determined a net 981 Bcf of recoverable
unrisked prospective gas resource," (1) stated Alan T. Charuk, the CEO of
the Company. "These two blocks account for only 6% of the Company's lease
area in Indonesia, while the remaining acreage has not yet been subjected
to an independent audit. We believe NSAI's experience in all major
producing coal gas basins worldwide is integral in their ability to
deliver qualified and balanced reports on some of our additional CBM
interests in Indonesia. Once NSAI has completed its initial review, CBM
Asia will provide an estimate for the report's release. We believe these
audits will help to provide empirical evidence to support CBM Asia's 15
Tcf net prospective resource target." (2)

ABOUT NETHERLAND, SEWELL & ASSOCIATES INC.

Netherland, Sewell & Associates, Inc. was established in 1961 and has
offices in Dallas and Houston, Texas. Over the past 51 years, they have
built a reputation for reliability matched by a dedication to service and
a commitment to integrity. They provide services to the worldwide
petroleum industry that include reserves reports and audits, acquisition
and divestiture evaluations, simulation studies, exploration resources
assessments, equity determinations, and management and advisory services.

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, with the right to farm-into 4 additional PSCs. Indonesia has
one of the largest CBM resources in the world with a potential 453
trillion cubic feet in-place (3), 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, ExxonMobil, 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.

Alan T. Charuk, President & CEO

1. See news release dated January 31, 2013.

2. See news release dated January 9, 2013.

3. Society of Petroleum Engineers Paper 88630 (not NI 51-101 compliant).
These gas in place estimates have not be classified as "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 will be discovered. Furthermore, the
above 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.

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. 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, 2011 year end annual MD&A dated April 26, 2012 and third
quarter 2012 interim MD&A dated November 28, 2012. 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.

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.

Contacts:
CBM Asia Development Corp.
Alan Charuk
(604) 684-2340 or (866) 504-4755
corpcom@cbmasia.ca
www.cbmasia.ca

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