Canadian Orebodies Inc. Provides Update to Annual General and Special Meeting Matters Due to Recent Canadian Postal Strike

TORONTO, ONTARIO--(Marketwire - June 28, 2011) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Canadian Orebodies Inc. (TSX VENTURE:CO) ("Orebodies" or the "Company") wishes to announce that it has rescheduled its Annual General and Special Meeting (the "Meeting") of shareholders scheduled for July 13, 2011 to July 27, 2011.

With the recent Canadian postal strike Orebodies was concerned that shareholders may not receive their proxy solicitation materials for the Meeting on a timely basis and that executed proxies delivered by beneficial holders to the registered holders and other intermediaries may not be returned to the Company's transfer agent prior to the proxy delivery deadline. As the Company values shareholders' right to vote on matters properly brought forth before the Meeting, the board of directors decided that cancelling the Meeting and rescheduling same once mail service was restored was in the best interests of the Company and its shareholders.

All meeting materials received by shareholders referencing a Meeting date of July 13, 2011 should be read as July 27, 2011.

About Canadian Orebodies Inc.

Canadian Orebodies Inc. is a junior natural resource exploration and development company with its mineral properties located in Canada. The Company is dedicated to its properties and prides themselves on the extensive research they devote to them. Canadian's management team is the foundation for the company which brings together diverse, knowledgeable members with decades of exploration and development experience. The Company is currently evaluating several exploration projects situated in northern Ontario.