Canadian Orebodies Inc.

Canadian Orebodies Inc.

June 01, 2016 18:00 ET

Canadian Orebodies Appoints Michael Leskovec as Director

TORONTO, ONTARIO--(Marketwired - June 1, 2016) - Canadian Orebodies Inc. (the "Company" or "Orebodies") is pleased to announce the appointment of Mr. Michael Leskovec, C.A., effective June 1, 2016, to the Board of Directors for the Company.

Mr. Leskovec is a Chartered Professional Accountant with over 15 years of financial experience with publicly listed companies and as the VP, Financial Reporting of Northfield Capital Corporation. Mr. Leskovec holds an Honours BAcc from Brock University in Ontario, Canada. Mr. Leskovec also serves as the Chief Financial Officer of Nighthawk Gold Corp. Prior to this and until its sale in 2008, Mr. Leskovec served as an Officer of Gold Eagle Mines Ltd., which was involved in the development of the Bruce Channel deposit in Red Lake, Ontario, and was sold to Goldcorp Inc. for $1.5 billion. Mr. Leskovec was an Audit and Assurance Manager at Smith Nixon LLP, where he managed audit engagements of publicly listed corporations traded on the TSX and TSXV.

The Company also announces that it has granted incentive stock options to Directors, Officers and consultants of the Company in the aggregate amount of 6,650,000 under the terms of the incentive stock option plan of the Company. The options are exercisable at a price of $0.05 per share for a period of five years and are subject to a four month hold period from the date of the issuance thereof.

About Canadian Orebodies Inc.

Canadian Orebodies is a Canadian-based mineral exploration company with a portfolio of properties in Nunavut and Ontario. For more information please visit www.canadianorebodies.com.

Forward-Looking Information

This press release may contain certain "forward-looking statements". All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements relating to mineral resources, potential mineralization, exploration results and the Company's plans with respect to the exploration and development of the Properties) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, changes in commodity prices, changes in equity markets, failure to establish mineral resources, changes to regulations affecting the Company's activities, delays in obtaining or failures to obtain required regulatory approvals, uncertainties relating to the availability and costs of financing needed in the future, the uncertainties involved in interpreting drilling results and other ecological data, and the other risks involved in the mineral exploration and development industry. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

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