Canadian Orebodies Announces Appointment of Chief Financial Officer

TORONTO, ONTARIO--(Marketwire - March 1, 2013) - Canadian Orebodies Inc. (TSX VENTURE:CO) ("the Company") is pleased to announce that effective March 1, 2013 Mr. Fraser Laschinger has been appointed to the position of Chief Financial Officer and Corporate Secretary for the Company. Mr. Laschinger has been with Canadian Orebodies since 2011 leading the Company's corporate development initiatives.

Mr. Joseph Heng, the current Chief Financial Officer and Corporate Secretary will remain on as a consultant to ensure a seamless transition. The Company would like to thank Mr. Heng, who has served as the Chief Financial Officer and Secretary since August 2010, for his service and contributions to the Company.

About Canadian Orebodies Inc.

Canadian Orebodies is a Canadian-based mineral exploration company with a portfolio of properties in Nunavut and Ontario. Canadian Orebodies' primary focus is on advancing and developing its wholly-owned Haig Inlet Iron Project, located on the Belcher Islands in Nunavut. The Haig Inlet Iron Project is host to an indicated iron resource of 230 million tonnes at 35.17% Fe and an additional inferred resource of 289 million tonnes at 35.47% Fe. Canadian Orebodies trades on the TSXV under the symbol "CO".

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The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.


Canadian Orebodies Inc.

Gordon McKinnon

President & CEO

(705) 268-9000

First Canadian Capital Corp.

Investor Relations

Jason Monaco

(416) 742-5600

First Canadian Capital Corp.

Investor Relations

Jamie Frawley

(416) 742-5600

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