Corporate Timeline

June 28, 2010	Kutai West Inc., jointly owned by Ephindo-Ilthabi and CBM Asia, on a 60/40 basis, entered into a Joint Operating Agreement with operator Newton Energy CBM Limited on the Kutai West PSC.
June 23, 2010	Announces signing of Joint Acquisition Agreement with Newton Energy CBM Limited and PT Ephindo, to participate jointly in the evaluation of prospective coalbed methane resources on the second Kutai Basin block, the 56,300 hectare Kutai II Block. CBM Asia holds 28% participating interest in the Kutai II Block.
May 6, 2010	Announces that its operating partner Newton Energy Capital Limited has invited through public tender potential service contractors to participate in the pre-qualification process for its upcoming drilling program in the Kutai-West coalbed methane PSC block, in East Kalimantan, Indonesia.
February 2, 2010	Confirms gas storage potential at the Sekayu PSC from further results from the CBM-SE-02 coalbed methane test well in the South Sumatra Basin. Comprehensive analysis of two coals sampled from the CBM-SE-02 well indicate methane storage capacity at the relatively shallow sample depth (1074-1082 feet) ranges from 75 to 85 standard cubic feet per ton (scf/ton), computed on a dry, ash-free basis. Based on these measurements, the storage capacity at the deeper planned SE-01 well is projected to be in the range of 90 to 110 scf/ton, or possibly higher. Also announces the March 2010 projected spud date for Medco's second coalbed methane test well at the Sekayu block to be located approximately 18 km south of the first test well. Coal seam objectives in the planned well are projected to be below 1500-foot depth.
January 26, 2010	Mr. Scott H. Stevens, internationally recognized coalbed methane expert and one of the principal founders of Indonesia's rapidly emerging coalbed methane industry is appointed to Board.
January 25, 2010	Alan Charuk, Chief Executive Officer and President, appointed to South Sumatra Energy Inc. five member Board of Directors including CBM Asia's VP Operations, Mr. Charles Bloomquist, who serves as Chairman of SSE; President of Batavia, Mr. John Kontak, a Toronto-based attorney with 25 years in international law and business development; Ephindo's CEO and President, Mr. Sammy Hamzah, a former Senior Vice President of UNOCAL Indonesia; and Ephindo's Mr. Patrick Alexander, a senior executive with 25 years experience in finance and investment banking, formerly Managing Director for Chase Manhattan Mergers & Acquisitions, Asia.
December 18, 2009	Announces closing of letter of intent with Batavia Energy Inc. to acquire, indirectly, 24% of South Sumatra Energy Inc., a private company jointly owned by PT Ephindo and Batavia, which together with Jakarta-based operator PT Medco Energi Internasional Tbk, holds the PSC for coalbed methane on the 58,349 hectare "Sekayu" block located in the South Sumatra Basin. Under the terms of the LOI, the Company paid an upfront cash payment of US$730,000 and is required to fund US$3,243,500 in exploration expenditures over the next three years to earn an estimated 12% working interest in the Sekayu PSC.
December 2, 2009	Updates results of CBM exploration well in South Sumatra, permeability results indicate very high permeability, greater than 500 millidarcies (md). Medco plans to spud 2nd exploration well before the end of 2009. The estimated Gas in Place for 58,349 hectare Sekayu block is 3.35-4.68 Tcf.
November 10, 2009	Elects to enter into a Revised LOI with Batavia Energy Inc. to acquire 24 percent of South Sumatra Energy Inc. which together with PT Medco CBM Sekayu, holds PSC for CBM on 58,349 hectare Sekayu Block located in the South Sumatra Basin. Company is required to make cash payment of US$1,000,000 upon closing and incur exploration expenditures of US$3,243,500 on or before December 31, 2012. Revised LOI will also grant CBM Asia the sole and exclusive right to provide financing for up to an additional 24% interest in SSE, representing the remaining estimated 12% working interest in the Sekayu PSC.
October 7, 2009	Drilling completes on Indonesia's first commercially drilled coalbed methane test well (CBM-SE-02) in the Sekayu PSC block located in the South Sumatra Basin, Indonesia. CBM-SE-02 reaches total depth of 1,950 feet penetrating coal seams with cumulative thickness of 90 feet. Begins process of confirming geological model of the Sekayu block, which was derived in the course of the Joint Evaluation Study.
October 6, 2009	Raises CDN$3.3 Million from Oversubscribed Placement. Proceeds of the Offering to be used to fund the acquisition, exploration and development of the Company's coalbed methane interests in the South Sumatra Basin of Indonesia and for general working capital purposes.
September 16, 2009	Announces private placement of 10,000,000 units at a price of CDN$0.30 per Unit for gross proceeds of CDN$3,000,000.
September 15, 2009	Announces that the operator of the Sekayu PSC, PT Medco Energi Internasional Tbk, spud Indonesia's first official coalbed methane exploration well ("CBM-SE-02") on September, 12, 2009. The Company provided Batavia's pro rata share of the funding for CBM-SE-02 and has committed to a minimum exploration investment of US$6.5 million on the Sekayu PSC over the next 2 years.
August 24, 2009	Signs Letter of Intent to acquire 48% of South Sumatra Energy Inc. which together with PT Medco CBM Sekayu holds PSC for coalbed methane development on a 58,349 hectare Sekayu Block in South Sumatra Basin.
June 25, 2009	Submits second PSC application to BPMigas for Kutai-Ephindo totalling 56,300 hectares, for which the Company holds a 40% net working interest.
April 21, 2009	Receives approval from BPMigas for initial drilling program on the Kutai-West PSC.
April 16, 2009	Signs Shareholders Agreement granting the Company a 40% interest in Kutai West CBM Inc., which in turn has a 45% interest in the Kutai West PSC. Under the terms of the amended Kutai Block Participation Agreement (April 18, 2008), the Company now has the right to earn an 18% overall interest in the Kutai-West PSC.
March 20, 2009	The Company and joint venture partner PT Ephindo announce commencement of initial Study Phase for Kutai-Ephindo, the original Kutai Block (40% earn in interest).
December 31, 2008	The Company has 39,345,180 shares outstanding.
November 28, 2008	The Company obtains a pink sheets listing under the symbol "CBMDF".
November 18, 2008	Infinity changes its name to CBM Asia Development Corporation. Concurrent with this name change, CBM Asia Development Corp. changes its name to CBM Asia Operations Corp.
November 13, 2008	The Company and its partners are awarded a production sharing contract (PSC) over 76,000 hectares in the Kutai Block in eastern Kalimantan. (Is this for Kutai Block West?)
September 15, 2008	The Company is granted approval to trade on the Frankfurt Stock Exchange under the symbol "IY2".
August 12, 2008	Infinity completes the acquisition (reverse takeover) of CBM Asia Development with concurrent brokered private placement financing of CDN$4,900,702.
May 20, 2008	CBM Asia Development enters into the Sangatta Participation Agreement with Jakarta-based Ephindo-Ilthabi, whereby the Company has the right to earn a 40% interest in the Sangatta Project to explore and develop potential CBM resources within the Sangatta Block.
April 18, 2008	CBM Asia Development's participation agreement for the Kutai Block originally signed January 17, 2007, is amended to include additional area.
April 3, 2008	CBM Asia Development completes private placement financing of approximately CDN$1.5 million.
October 3, 2007	Infinity enters into an agreement to acquire CBM Asia Development Corp.
February 23, 2007	Infinity completes its initial public offering and begins trading on the TSX Venture Exchange as a Capital Pool Company.
January 17, 2007	CBM Asia Development enters into Participation Agreement with Jakarta-based Ephindo-Ilthabi and Far East Methane LLC of Denver, Colorado, whereby the Company has the right to earn a 40% participation interest in the Kutai Project to explore and develop potential CBM resources within the Kutai Block.
April 26, 2006	The Company is incorporated under the Business Corporations Act (British Columbia) under in the name Infinity Alliance Ventures Inc ("Infinity").