Canadian Orebodies Inc (CO)

[SPARK]

Canadian Orebodies Inc. (TSX VENTURE:CO) ("Orebodies") is pleased to announce assay results from grab samples taken from 5 of its Lithium/Rare Metals properties all located in Ontario. The properties are owned 100% by Orebodies (subject to a 2% NSR, 50% of which can be purchased by Orebodies for $1,000,000).

Highlights



- Grab H467577 on the Falcon Property assayed

- 2.82% Li20
1,820 ppm Rb
153 ppm Be
218 ppm Cs
60.8 ppm Nb
41.2 ppm Ta
- Grab H467583 on the Despard Property assayed

- 3.66% Li20
570 ppm Rb
18.4 ppm Be
185 ppm Cs
97.6 ppm Nb
greater than 100 ppm Ta
- Grab H181060 on the Greenbush Property assayed

- 1.96% Li20
750 ppm Rb
171 ppm Be
170.5 ppm Cs
105 ppm Nb
48.9 ppm Ta



Lithium and Rare Metals Properties Overview

Grab samples collected during Orebodies work program late last year have yielded high grade lithium from 3 of Orebodies lithium/rare metals properties. Results from the work done on the properties indicate there are several zones of strong lithium enrichment which contain significant quantities of rare metals (rubidium, tantalum, beryllium, niobium, cesium and gallium). Gordon Mckinnon, President and CEO commented "We are very encouraged by these initial assays from our grab samples and are anxious to begin a work program this spring to follow up on these results".

Orebodies is in the process of compiling further assay results which are being received from channel sampling that was also completed on the Falcon Property and will be released upon completion.

About the Properties:

Falcon lake and Despard Property:

The Falcon Lake property (60 claim units) and the Despard property (16 claim units) are both located in the general area of Linear Metals Corp. (TSX:LRM) Seymour Lake Lithium/Tantalum/Beryllium Property, approximately 60 km northeast of Armstrong, Ontario.

TABLE 1 - ASSAYS FOR FALCON LAKE PROPERTY



---------------------------------------------------------------
Sample # Li20 Rb Be Cs Ga Ta Nb
(%) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm)
---------------------------------------------------------------
H467577 2.82 1,820 153 218 78 41.2 60.8
---------------------------------------------------------------
H467585 2.45 1,940 245 190 63.4 28.8 61.2
---------------------------------------------------------------
H467578 2.30 2,580 126.5 339 75.8 76.1 53.9
---------------------------------------------------------------
H467586 2.26 1,640 118 109 64.9 20.8 54.7
---------------------------------------------------------------
H467576 1.5 3,420 143.5 175 57.1 33.7 68.4
---------------------------------------------------------------
H467561 1.43 2,790 333 175.5 65.3 46.9 74.4
---------------------------------------------------------------
H467562 1.11 2,900 144.5 94.9 48.9 65 75.2
---------------------------------------------------------------
H467556 1.00 3,750 167 420 59.9 58.3 53.9
---------------------------------------------------------------



TABLE 2 - ASSAYS FOR DESPARD LAKE PROPERTY



------------------------------------------------------------------------
Li20 Rb Be Cs Ga Ta Nb
Sample # (%) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm)
------------------------------------------------------------------------
greater
H467583 3.66 570 18.4 185 113 than 100 97.6
------------------------------------------------------------------------
H467584 3.06 1,010 100.5 336 105.5 97.5 39.7
------------------------------------------------------------------------



Greenbush Property:

The Greenbush property consists of 15 claim units and is located approximately 113 km northwest of Armstrong, Ontario in a relatively unexplored area.

TABLE 3 - ASSAYS FOR GREENBUSH LAKE PROPERTY



-------------------------------------------------------------
Li20 Rb Be Cs Ga Ta Nb
Sample # (%) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm)
-------------------------------------------------------------
H181060 1.96 750 171 170.5 36.2 48.9 105
-------------------------------------------------------------
H181064 1.58 228 70.8 48.3 36 25.4 53.8
-------------------------------------------------------------
H181059 1.19 580 139 156 25.6 21.3 32.9
-------------------------------------------------------------
H181061 0.85 3,110 159 490 24.7 36.1 109
-------------------------------------------------------------



Assay results for Vegan and Niemi South property

The Vegan and Niemi South properties are both located approximately 150 km northeast of Thunder Bay in an area which is host to numerous known Lithium deposits and REE bearing pegmatites including those held by Lithium One Inc. (TSX VENTURE:LI) and TNR Gold Corp. (TSX VENTURE:TNR). Access was difficult to these properties and the historic deposits were not located in the short time the exploration crew had before snow cover ended the possibility of further surface mapping and sampling. However, 20 grab samples were taken from the properties which yielded anomalous values of Li20 and other rare metals. More work is planned on these properties in the spring which will consist of further mapping and sampling to locate and verify the historic deposits indicated in the Ontario Department of Mines, Geological Report No. 31, Georgia Lake Area, by E.G. Pye, 1965.

All samples were submitted to ALS and analyzed using four acid digestion and ICP-AES and ICP-MS. For more information on assay methodology please visit the ALS Laboratory Group. Website at http://www.alsglobal.com.

This press release has been prepared under the supervision of Neil Pettigrew M.Sc. P.Geo. of Fladgate Exploration Consulting Corporation, who is an independent consultant to the Company and a "qualified person" (as such term is defined in National Instrument 43-101). Mr. Pettigrew has verified the technical data disclosed in this press release.