ULI Ultra Lithium Inc

Canadian Orebodies Inc. (TSX VENTURE:CO) (the "Company") is pleased to announce
that it has mobilized crews to begin work on its Zigzag Lithium/Rare Metals
property (the "Property"). The Property is subject to an option agreement with
Ultra Lithium Inc. (TSX VENTURE:ULI) and the underlying property owners to
acquire an 80% legal and beneficial interest (subject to a 2% NSR retained by
the Owners, 50% of which can be purchased by Orebodies for $1,000,000).


The work program is to consist of detailed geological mapping, grab sampling
across the claims and where possible mechanical stripping which will be followed
up with systematic channel sampling.


Zigzag Property Overview

The Property in total consists of 129 claim units comprising 2,064 hectares,
located approximately 60 km northeast of Armstrong, Ontario. The property is
host to 5 historical lithium and rare metal showings of consequence.


Historical highly anomalous tantalum and cesium values are notably widespread on
the property and indicate a high potential for zoned, complex-type pegmatites
enriched in tantalum and cesium. Complex-type pegmatites are excellent targets
for economic deposits of lithium, tantalum, cesium and rubidium such as the
Tanco pegmatite in Manitoba. 


Besides lithium, tantalum could have one of the most considerable economic
benefits on the Zigzag property as historically there have been a significant
amount of samples collected that demonstrate widespread, high grade results.
Breaks (2003) stated that individual analysis from the Tebishogeshik Lens 3
exceeded 80 wt % Ta2O5 and were amongst the highest documented in lithium-rich
pegmatite of Ontario.(i)


(i)(historical in nature and not 43-101 compliant and therefore should not be
relied upon.) 


Additionally, Orebodies is currently reviewing several other projects and
opportunities that have come available to the Company. The Company is
continually interested in sourcing projects that can complement its current
portfolio of properties and create shareholder value.


Forward Looking Information:

This press release contains certain "forward-looking statements". All
statements, other than statements of historical fact, that address activities,
events or developments that the Company believes, expects or anticipates will or
may occur in the future (including, without limitation, statements relating to
mineral resources, potential mineralization, exploration results and the
Company's plans with respect to the exploration and development of the
Properties or further property acquisitions) are forward-looking statements.
These forward-looking statements reflect the current expectations or beliefs of
the Company based on information currently available to the Company.
Forward-looking statements are subject to a number of risks and uncertainties
that may cause the actual results of the Company to differ materially from those
discussed in the forward-looking statements, and even if such actual results are
realized or substantially realized, there can be no assurance that they will
have the expected consequences to, or effects on the Company. Factors that could
cause actual results or events to differ materially from current expectations
include, among other things, changes in commodity prices, changes in equity
markets, failure to establish mineral resources, changes to regulations
affecting the Company's activities, delays in obtaining or failures to obtain
required regulatory approvals, uncertainties relating to the availability and
costs of financing needed in the future, the uncertainties involved in
interpreting drilling results and other ecological data, and the other risks
involved in the mineral exploration and development industry. Any
forward-looking statement speaks only as of the date on which it is made and,
except as may be required by applicable securities laws, the Company disclaims
any intent or obligation to update any forward-looking statement, whether as a
result of new information, future events or results or otherwise. Although the
Company believes that the assumptions inherent in the forward-looking statements
are reasonable, forward-looking statements are not guarantees of future
performance and accordingly undue reliance should not be put on such statements
due to the inherent uncertainty therein.

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