Canadian Orebodies Inc.

Canadian Orebodies Inc.

March 11, 2008 13:54 ET

Donald McKinnon Announces the Acquisition of Common Shares and Option of Canadian Orebodies Inc.

TORONTO, ONTARIO--(Marketwire - March 11, 2008) - Donald McKinnon announces that on March 10, 2008 he acquired, pursuant to the terms of an arrangement of Baltic Resources Inc. ("Baltic") and involving Canadian Orebodies Inc. ("Orebodies"), 5,395,232 common shares and options to purchase a further 200,000 common shares of Orebodies at a price of CDN$0.03 per common share until August 15, 2010. As a result of this acquisition of common shares, Mr. McKinnon now holds 5,395,232 common shares of Orebodies representing 14.57% of the issued and outstanding common shares of Orebodies, as well as options to purchase a further 200,000 common shares. An Early Warning Report respecting this transaction has been filed on SEDAR and can be viewed at www.sedar.com.

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