CBM Asia (CBMDF)

[gsfl]

News Release - Tuesday, October 19, 2010
CBM Asia Updates Drilling Status On Sekayu

VANCOUVER, BRITISH COLUMBIA, October 19, 2010 - CBM Asia Development Corp. ("CBM Asia" or the "Company") (TSXv: TCF) (US: CBMDF) (FWB: IY2), announces that intermediate casing operations on the CBM-SE04 well have been completed just above the Palembang coal group at 1874' (571 M). The rig is moving to the CBM-SE03 location to conduct similar operations. Coring operations will be conducted at the end of the three well program using a specialized coring rig. The drilling operations on CBM-SE04 were interrupted and delayed by the replacement of the drilling contractor.

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 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