Canadian Orebodies Incorporation

Published : May 29th, 2008

IDENTIFIES SEVERAL HIGH PRIORITY TARGETS AND PROVIDES EXPLORATION UPDATE

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=======================================================================
Re:   News Releases - Thursday, May 29, 2008
      OREBODIES IDENTIFIES SEVERAL HIGH PRIORITY TARGETS AND PROVIDES
      EXPLORATION UPDATE
=======================================================================

TORONTO, May 29, 2008 -- Canadian Orebodies Inc. ("Orebodies") is
pleased to announce that airborne geophysical surveys have been
completed over 8 blocks held 100% by Orebodies (subject to a 2% NSR, 1%
each being held by Noront Resources ("Noront") and by Temex Resources
("Temex")) which have identified several high priority drill targets.
The properties are located in the general area of McFaulds Lake in
Northern Ontario to the north of the Noront high grade Ni-Cu-PGE
discovery.  Preliminary data has been received and evaluation of the
data has outlined several targets which represent similar
characteristics to that of Noront's Eagle One discovery all with
corresponding magnetic highs that might be caused by the presence of
ultramafic rocks with or without accompanying sulphide mineralization.

Orebodies is currently evaluating these targets for ground geophysical
surveys, field work and for drill accessibility during the summer
months for a follow-up Diamond drilling program.

Property Status:

Orebodies has an interest in 3,351 claim units covering more then
53,000 hectares in and around the 'Ring of Fire'.  Property breakdown
is as follows:

- 652 units in which Orebodies holds a 100% interest
(subject to a 2% NSR, 1% each being held by Noront and by Temex)

- 603 units in which Orebodies has an option to earn a 60% interest
(Claims held by 1289839 Alberta Ltd., a wholly-owned subsidiary of
Coordinates Capital Corporation ("CCC"))

- 820 units in which Orebodies holds a 50% interest
(Interest held through a joint venture with MacDonald Mines and Temex
in which each has a 25% interest)

- 1,276 units in which Orebodies holds a 1% NSR
(Claims held by Noront and Temex, located in the upper and middle of
the 'Ring of Fire' and which do not form part of the Eagle 1 or 2
discoveries reported by Noront)


Airborne geophysical surveys are currently being completed over the
ground that was recently optioned from 1289839 Alberta Ltd., a
wholly-owned subsidiary of CCC. CCC is privately owned company that is
controlled by Mr. Chris Verbiski, who co-discovered the Voisey's Bay
nickel-copper-cobalt deposit located in Labrador in 1993.  One of the
claim groups that is subject to the above mentioned option agreement
lies less than 2 km's from the recent WSR-Metalex-Artic Star discovery
announced May 22, 2008. It should also be noted that Orebodies also
holds a 1% NSR on the ground held by Temex that directly borders the
discovery announced.

Gordon McKinnon, Orebodies President and CEO stated "We are thrilled to
report on the numerous targets we have identified in this relatively
unexplored area and we are aggressively moving forward to bring these
targets to a drill ready stage.  It is also very encouraging for us
that the recent WSR/Metalex discovery lies in such close proximity to
our newly optioned ground. 

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

For more information please contact:
Gordon McKinnon, President & CEO
Canadian OrebodiesInc.
(705)268-9000


Forward Looking Information:
Some of the statements and information contained herein may be
forward-looking information which involve known and unknown risks and
uncertainties, including statements respecting the proposed ground
geophysical surveys and field work and subsequent Diamond drilling
program.  Without limitation, statements regarding potential
mineralization and resources, proposed exploration activities, and
future plans and objectives of Orebodies are forward looking statements
that involve various degrees of risk.  The following are important
factors that could cause Orebodies' actual results to differ materially
from those expressed or implied by such forward looking statements:
risks inherent in mineral exploration, risks associated with
development, construction and mining operations, changes in the world
wide price of mineral commodities, general market conditions and the
uncertainty of access to additional capital.  In particular, there can
be no assurance that suitable targets for summer drilling will be
identified or that the hoped for mineralization will be confirmed.

=======================================================================
Copyright (c) 2008 CANADIAN OREBODIES INC. (BLR)  All rights reserved.
For more information visit our website at
http://www.CanadianOrebodies.com/ or send mailto:akelcey@christinet.ca
Message sent on Thu May 29, 2008 at 10:27:32 AM Pacific Time
=======================================================================
.

Canadian Orebodies Incorporation

EXPLORATION STAGE
CODE : CO.V
ISIN : CA13643T1021
CUSIP : 058911
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Canadian Orebodies Inc. is a gold exploration company based in Canada.

Canadian Orebodies Inc. holds various exploration projects in Canada.

Its main exploration properties are FALCON ONTARIO, ZIG ZAG, HAWKINS PROPERTY, MARTISON LAKE and CORAL RAPIDS in Canada.

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Financings of Canadian Orebodies Incorporation
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6/19/2012Announces Non-Brokered Private Placement
3/10/2011Announces Completion of C$5.25 Million Private Placement
2/17/2011Announces C$5.25 Million Private Placement
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Option Grants of Canadian Orebodies Incorporation
3/31/2008 Announces Grant of Stock Options
Project news of Canadian Orebodies Incorporation
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9/20/2012Confirms Presence of Magnetite and Increases Land Position o...
6/13/2012Commences Drilling Program on the Belcher Islands
5/15/2012Announces 2012 Exploration Program on the Belcher Islands
7/5/2011(Haig Inlet)Mobilizes Crews for an Aggressive Exploration Program on Its...
6/19/2011(Haig Inlet)Announces Completion of Purchase Agreement of Haig Inlet Iro...
3/20/2011(Zig Zag)Drills Widespread Tantalum Mineralization on Zigzag Property
3/2/2011(Haig Inlet)Stakes Claims Contiguous to Haig Inlet Iron Ore Project
2/22/2011(Falcon Ontario)Reports Drilling Results from Falcon Property and Completion...
2/14/2011(Haig Inlet)to Acquire Up to a 100% Interest in Potential Large Tonnage ...
10/1/2008(Mcfaulds Fancamp) INTERSECTS DISSEMINATED TO NEAR MASSIVE SULPHIDES WITH BASE...
9/24/2008(Mcfaulds Fancamp)MCFAULDS LAKE JOINT VENTURE DRILL PROGRAM
9/19/2008(Coral Rapids)CORAL RAPIDS LIMESTONE DRILL PROGRAM
5/29/2008(Mcfaulds Fancamp)IDENTIFIES SEVERAL HIGH PRIORITY TARGETS AND PROVIDES EXPLOR...
3/10/2008(Coral Rapids)Orebodies Announces Acquisition of Coral Rapids Project, Haw...
1/17/2008(Hawkins Property) Announces Hawkins Update
1/7/2008(Martison Lake) Announces Winter Drill Program for Martison Phosphate Proje...
12/21/2007(Coral Rapids) Announce Coral Property Drill Results
Corporate news of Canadian Orebodies Incorporation
6/15/2016Canadian Orebodies Appoints Michael Leskovec as Director
4/29/2016Canadian Orebodies Sells Greenbush Lithium Property and Acqu...
1/4/2016Canadian Orebodies Announces Recapitalization and Private Pl...
9/28/2015Canadian Orebodies Exploring Non Resource Revenue Generating...
7/24/2015ConnectOne posts 2Q profit
7/9/2015Canadian Orebodies Provides Corporate Update
4/28/2014Canadian Orebodies Gives Notice to Exercise Carlisle Put Rig...
4/15/2014Canadian Orebodies Highlights Infill Drill Results on the Fa...
10/17/2013Consolidates Ownership of ZigZag Property
5/22/2013Announces Adoption of Advance Notice By-Law
12/10/2012Drills 85.5m of 28.0% Fe at Kihl Bay including 26.2m of 35.7...
11/12/2012Announces Successful Completion of Summer Drill Program
11/5/2012(Haig Inlet)Exercises Haig Inlet Option to Acquire 100% Interest in Haig...
10/10/2012Drills 55.9m of 28.9% Fe at Haig West including 16.2m of 35....
5/17/2012eResearch Issues Initiating Report on Canadian Orebodies Inc...
4/24/2012Announces Proposed Spin-Out of Non Iron Ore Assets
4/9/2012Engages First Canadian Capital Corp for Investor Relations a...
3/20/2012(Haig Inlet)Files NI 43-101 Technical Report on the Haig Inlet Iron Ore ...
2/6/2012(Haig Inlet)Announces Initial NI 43-101 Iron Resource Estimate for Haig ...
1/5/2012(Haig Inlet)Announces Final Set of Drill Results from Haig Inlet Iron Or...
10/12/2011(Haig Inlet)Announces Successful Completion of Summer Drill Program at H...
9/12/2011(Haig Inlet)Announces First Drill Results From Haig Inlet Iron Ore Proje...
8/29/2011(Haig Inlet)Provides Update On The Haig Inlet Iron Ore Drill Program
6/28/2011Provides Update to Annual General and Special Meeting Matter...
4/13/2011Obtains Approval of Disinterested Shareholders
7/9/2008ANNOUNCES PROPOSED PURCHASE OF 80% INTEREST OF 96 CLAIM UNIT...
5/1/2008ANNOUNCES OPTION TO ACQUIRE 60% INTEREST IN 603 CLAIM UNITS ...
3/14/2008Orebodies Announces Listing Date of March 17, 2008
3/11/2008 Announces the Acquisition of Common Shares and Option of Ca...
3/10/2008 Requests Trading Halt
2/1/2008 and PhosCan Chemical Finalize Arrangement Agreement; Shareh...
12/11/2007Temex, Noront and Baltic Expand Property Position Via Stakin...
11/30/2007 ANNOUNCES SPECIAL MEETING OF SHAREHOLDERS TO APPROVE MERGER
11/6/2007Test Results for Martison Phosphate Project
10/29/2007Agree to merge on the Martison Phosphate Project
7/27/2007Options Coral Rapids
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