ULI Ultra Lithium Inc

Canadian Orebodies Inc. (TSX VENTURE:CO) ("Orebodies") is pleased to announce
assay results from the channel sampling program on the Dempster East showing on
its Zigzag Lithium/Rare Metals property (the "Property") under option from Ultra
Lithium Inc. (TSX VENTURE:ULI) ("Ultra"). The Property is subject to an Option
Agreement with Ultra 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).


Highlights



--  Channel #3 on Dempster East assayed 543.9 ppm Ta2O5 over 1.95 meters,
    including 794.9 ppm Ta2O5 over 0.96 meters 
    
--  Channel #7 on Dempster East assayed 421.1.9 ppm Ta2O5 and 1.54 % Li2O
    over 2.02 meters. 
    
--  Channel #12 on Dempster East assayed 1.87% Li2O over 0.99 meters. 
    
--  80% or 12 of the 15 channels cut on the Dempster East showing had
    samples that exceeded the upper detection limits for Tantalum (greater
    than 100 ppm) of which 3 also had samples that exceeded the upper
    detection limits for Cesium (greater than 500 ppm). 
    
--  Drilling has commenced on Orebodies 100% owned Falcon property 
    



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.


Zigzag Sampling Overview

There were a total of 15 channels cut across the Dempster East showing on the
Zigzag property during Orebodies fall program. Results from 12 of the channels
on the property indicate there is a zone of strong tantalum enrichment with
highly anomalous values for other rare metals.


TABLE 1 - HIGHLIGHTED CHANNEL ASSAYS FOR DEMPSTER EAST SHOWING



----------------------------------------------------------------------------
Channel       Width   Ta2O5  Li2O     Be     Cs     Ga     Nb      Rb     Sn
#               (m)   (ppm)   (%)  (ppm)  (ppm)  (ppm)  (ppm)   (ppm)  (ppm)
----------------------------------------------------------------------------
3              1.95   543.9  0.08  101.4    901     64     54  2353.8   84.6
----------------------------------------------------------------------------
Including      0.96   794.9  0.14   97.1   1640   60.8   48.8    3090   92.1
----------------------------------------------------------------------------
6              1.00   416.4  1.15  117.0    228   57.3    155    2240   70.4
----------------------------------------------------------------------------
7              2.02   421.1  1.54  167.8   1119   63.5   55.2  2542.7   97.4
----------------------------------------------------------------------------
8              0.51   869.4  0.06  144.5    226   41.3   32.9    1850   91.7
----------------------------------------------------------------------------
9              0.95   438.4  0.84    116    557   51.6   29.4    4370  101.5
----------------------------------------------------------------------------
10             1.09   125.8  1.60    123    224     63   79.6    1960   63.9
----------------------------------------------------------------------------
11             1.04   101.8  1.15    177    255   60.7   67.3    2550   66.9
----------------------------------------------------------------------------
12             0.99   198.4  1.87   85.5    435   54.9   28.6    3040   54.3
----------------------------------------------------------------------------
13             1.05     254  1.59    138    486   55.7   64.1    2570   46.2
----------------------------------------------------------------------------



Drilling Commences On Falcon Property

Orebodies is also pleased to announce that a drilling program has commenced on
its Falcon property which has demonstrated high grade, wide spread zones of
lithium/rare metals that stretch over 60 meters on surface. Orebodies initial
drilling will consist of 3 to 4 short holes designed to test the lithium rich
zones successfully outlined on surface by Orebodies at depth. Results from this
program will be used to assess the potential of the Falcon property and if
favourable aid in further drilling on the property.


Highlights from work completed to date on the Falcon property include the
following (for full results please see Orebodies Press Releases dated March 11
and 18, 2010):




--  Channel #3 on the Falcon Property assayed 1.54% Li2O over 6.98 meters,
    including 2.06% Li2O over 1 meters 
--  Channel #9 on the Falcon Property which assayed 2.63% Li2O over 1.5
    meters, including 3.19% Li2O over 0.56 meters 
--  Individual grab samples which assayed 2.82% Li2O, 2.45% Li2O, 2.30%
    Li2O, 2.26% Li2O 



(Grab samples are selective by nature and are unlikely to represent future
average grades on the property.)


Tantalum Information

Tantalum is a specialty metal which is highly corrosion resistant and has the
highest ability to hold and release electricity. These characteristics make it
essential for electronic devices (tantalum capacitors) and specialty
applications such as jet engines. Several events in the global market have
caused the price of tantalum to increase significantly as of late, mainly the
fact that two of the largest producers have shut down (Tanco deposit in Canada
and Talison Tantalum in Australia) which represents nearly half of the world
market. These shutdowns have led to a global supply that has fallen behind
demand and the market now requires additional production from new projects.


Orebodies Zigzag property is very interesting for the fact that besides high
grade lithium, tantalum could have one of the most considerable economic
benefits 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.)


It should be noted that typically samples with higher tantalum values tend to
have low lithium values as is representative of sodic aplite and albitite-rock
units that represent significant host- rocks for tantalum mineralization. This
is demonstrated by the Tanco Mine in Manitoba and the Wodgina and Greenbushes
Mines of Western Australia. However, there are samples with high lithium values
that also carry strong anomalous tantalum.


A thorough quality control program is in effect which includes inserting
standards and blanks alternating every 10 samples. All samples were submitted to
ALS and analyzed using four acid digestion and ICP-MS. For more information on
assay methodology please visit the ALS Laboratory Group. Website at
http://www.alsglobalcom.


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


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) 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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