Canadian Orebodies Announces Grant of Stock Options

TORONTO, ONTARIO--(Marketwire - Aug. 5, 2011) - Canadian Orebodies Inc. (TSX VENTURE:CO) ("the Company") announces that it has granted an employee of the Company stock options in the aggregate amount of 200,000 under the terms of the incentive stock option plan of the Company. The options are exercisable at a price of $0.265 per share for a period of five years and are subject to a four month hold period from the date of the issuance thereof.