CBM Asia (CBMDF)

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CBM Asia Completes Final Tranche of $16.0 Million Financing

VANCOUVER, BRITISH COLUMBIA, June 6, 2012 - CBM Asia Development Corp. ("CBM Asia" or the "Company") (TSX.V: TCF) (US: CBMDF) (FWB: IY2) is pleased to announce that it has completed the final tranche (the “Final Tranche”) of its non-brokered private placement totalling 12,876,208 units (the “Units”) at a price of $0.18 per Unit for gross proceeds of $2,317,717. In total, the Company issued 88,972,222 Units representing gross proceeds of $16,015,000 for a total of 167,761,809 common shares currently outstanding.

Each Unit consists of one common share (a “Share”) and one transferable share purchase warrant (a “Warrant”) to purchase an additional Share at a price of $0.35 for a period of 24 months, subject to acceleration by the Company, at its discretion, after 4 months from closing upon 30 days notice if the closing price of the Company’s shares on the TSX Venture Exchange (the “Exchange”) equals or exceed $0.50 per share for 20 consecutive trading days.

Finder’s fees of 5% cash and finder’s warrants of 5% of the Units sold are payable in connection with the Final Tranche. Each finder’s warrant will entitle the holder thereof to purchase one share of the Company at a price of $0.18 for a period of 24 months, subject to acceleration on the same basis as the warrants forming part of the Units. All securities issued pursuant to the Final Tranche are subject to a 4 month hold period expiring October 6, 2012.

“With the closure of the final tranche, we have secured our 2012 financing requirements and increased institutional ownership to 35%, with Indus Capital Partners holding a 16.6% interest,” comments Alan Charuk, CBM Asia’s President and CEO. “With capital raise behind us we look forward to executing our growth plans to obtain a 10-15 Tcf recoverable resource base.”