CO

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


Canadian Orebodies Inc. (TSX VENTURE:CO) ("Canadian Orebodies" or the "Company")
is pleased to announce that it has closed on its final tranche of a non-brokered
private placement (the "Financing") for gross proceeds of $1,000,000 through the
sale of 5,000,000 "flow-through" units of the Company (each, a "Flow-Through
Unit") at a price of $0.20 per Flow-Through Unit.


Each Flow-Through Unit is comprised of one Common Share issued on a
"flow-through" basis pursuant to the Income Tax Act (Canada) and one-half of one
Common Share purchase warrant of the Company (each such whole Common Share
purchase warrant, a "Warrant"). Each Warrant will be exercisable into one Common
Share for a period of 18 months from the closing of the Financing (the "Closing
Date") at an exercise price of $0.30 per share. The expiry date of the Warrants
may be accelerated, at the option of the Company, if the closing price of the
Common Shares on the TSX Venture Exchange exceeds $0.40 for a period of 20
consecutive trading days commencing on the date that is four months and one day
after the Closing Date by giving notice to the holders thereof, in which case
the Warrants will expire on the twentieth business day after the date on which
such notice is given by the Company.


The Company paid no cash finders' fees and no finders options were granted in
accordance with this closing.


The securities issued by the Company in connection with this offering are
subject to a statutory hold period which expires on December 25, 2012.


For more information please visit www.canadianorebodies.com.

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