NOT FOR DISSEMINATION INTO THE UNITED STATES OF AMERICA OR DISTRIBUTION TO U.S.
NEWSWIRE SERVICES


Canadian Orebodies Inc. (TSX VENTURE:CO) (the "Company") is pleased to announce
that it is extending the non-brokered private placement (the "Offering") as
previously announced on June 19, 2012 for an additional 30 days. On June 28, the
Company closed on its first tranche of the Offering for aggregate gross proceeds
of $3,010,000 through the sale of 7,055,556 units of securities of the Company
(each, a "Unit") at a price of $0.18 per Unit and 8,700,000 "flow-through" units
of the Company (each, a "Flow-Through Unit") at a price of $0.20 per
Flow-Through Unit. All other terms and conditions of the Offering as previously
announced on June 19, 2012 will remain the same.


The closing of this offering remains subject to the approval of the TSX Venture
Exchange Inc.


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