Canadian Orebodies Inc.

Canadian Orebodies Inc.

November 17, 2010 09:00 ET

Canadian Orebodies Annouces Increase to Non-Brokered Private Placement

TORONTO, ONTARIO--(Marketwire - Nov. 17, 2010) - Canadian Orebodies Inc. (TSX VENTURE:CO) (the "Company") is pleased to announce that it has increased the size of its proposed non-brokered private placement (the "Financing") previously announced on October 26, 2010 as a result of investor interest to up to $1,000,000 through the sale of 11,111,111 units of securities of the Company (each, a "Unit") at a price of $0.09 per Unit.

All of the other terms of the financing described in the October 26, 2010 release remain the same.

Completion of the Financing remains subject to regulatory approval.

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

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