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CBM Asia Development Corp.: Private Placement Closing and New Corporate Presentation

February 12, 2011

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 11, 2011) - CBM Asia Development Corp. ("CBM Asia" or the "Company") (TSX VENTURE:TCF)(US:CBMDF)(FRANKFURT:IY2)is pleased to announce that it has now closed its previously announced private placement, raising an aggregate of $544,993. A total of 3,633,290 common shares were sold at a price of $0.15 per share. All securities are subject to a four month hold period expiring June 9, 2011.

http://www.marketwire.com/mw/release.do?id=1394620&sourceType=3
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