CBM Asia Development Corp.-Circular Correction

CBM Asia Development Corp. ("CBM Asia" or the "Company") (TSX VENTURE:TCF)(US:CBMDF)(FRANKFURT:IY2) wishes to correct an error in its management information circular dated November 8, 2012 (the "Circular") mailed to shareholders in connection with the Company's upcoming annual and special general meeting to be held in Vancouver, B.C. on Wednesday, December 12, 2012.

In Part 3 of the Circular titled "The Business of the Meeting - Potential Change of Control of Company", management is seeking shareholder approval for the potential change in control of the Company in favor of Indus Capital Partners, LLC arising out of the private placement of units ("Units") completed with, among others, Indus Capital Partners, LLC, solely on behalf of and its capacity as the investment manager of Indus Asia Pacific Master Funder, Ltd. (together "Indus") on March 8, 2012 and June 5, 2012. The Company wishes to clarify that the 27,777,778 Units of the Company acquired by Indus were sold at a price of C$0.18 per Unit for gross proceeds of C$5,000,000; not C$0.15 per Unit as disclosed in the Circular. In addition, the exercise of price of the warrants comprising part of the Units sold to Indus is C$0.35 per share; not C$0.18 per share. All other information regarding Indus and the potential change in control of the Company resulting from the above-noted private placement as disclosed in the Circular remains the same.

The Company wishes to apologize to its shareholders for any confusion this error may have caused.