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TORONTO, ONTARIO--(Marketwire - April 22, 2010) - Canadian Orebodies Inc. (TSX VENTURE:CO) ("Orebodies") is pleased to announce assay results from grab and channel samples taken from of its Zigzag Lithium/Rare Metals property (the "Property") under option from Ultra Lithium Inc. ("Ultra"). The Property is subject to an Option Agreement with Ultra and the underlying property owners to acquire an 80% legal and beneficial interest (subject to a 2% NSR retained by the Owners, 50% of which can be purchased by Orebodies for $1,000,000).


Highlights



-- Grab samples from the Dempster East showing on the Zigzag property have
yielded significant lithium and rare metals values in individual samples
of up to:

1.89% Li2O, Rb 4,990 ppm, Be 172 ppm, Cs 986 ppm, Ga 77 ppm, Ta 490 ppm

-- Several of the grab samples taken from the Dempster East showing
exceeded the upper detection limits for both Tantalum (greater than 100
ppm) and Cesium (greater than 500 ppm).

-- Channel Samples across the Ketchican Beryl showing have yielded
significant Beryllium values that exceeded the upper detection limit
(greater than 1,000 ppm) Be over 0.75 meters

-- Significant Potash values were also reported in channel samples across
the Ketchican Beryl showing that included 8.82% K2O over 0.6 meters and
grab samples from the Dempster East showing up to 5.5% K2O.




Zigzag Property Overview


The Property in total consists of 129 claim units comprising 2,064 hectares, located approximately 60 km northeast of Armstrong, Ontario. The property is host to 5 historical lithium and rare metal showings of consequence.


Historical highly anomalous tantalum and cesium values are notably widespread on the property and indicate a high potential for zoned, complex-type pegmatites enriched in tantalum and cesium. Complex-type pegmatites are excellent targets for economic deposits of lithium, tantalum, cesium and rubidium such as the Tanco pegmatite in Manitoba.


Besides lithium, tantalum could have one of the most considerable economic benefits on the Zigzag property as historically there have been a significant amount of samples collected that demonstrate widespread, high grade results. Breaks (2003) stated that individual analysis from the Tebishogeshik Lens 3 exceeded 80 wt % Ta2O5 and were amongst the highest documented in lithium-rich pegmatite of Ontario.


Zigzag Sampling Overview


There were a total of 7 grab and 6 channel samples collected during Orebodies preliminary recognisance work on the Zigzag property which have yielded high grade lithium and rare metals from 2 of the historic showings on the Zigzag property.


TABLE 1 - HIGHLIGHTED GRAB ASSAYS FOR DEMPSTER EAST SHOWING



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K2O Rb Be Cs Ga Ta Nb
Sample # Li20 (%) (%) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm)
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H181056 1.89 2.52 3,020 172 552 77 207 96.5
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H181052 1.55 2.7 2,310 164.5 442 53.7 56.3 52.4
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H181055 1.53 3.56 3,400 66.8 986 58.5 192 47.8
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(Grab samples are selective by nature and are unlikely to represent future
average grades on the property.)


TABLE 2 - HIGHLIGHTED CHANNEL ASSAY FOR DEMPSTER EAST SHOWING


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Width K2O Rb Be Cs Ga Ta Nb
Channel # (m) Li20 (%) (%) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm)
---------------------------------------------------------------------------
06 1.52 1.07 3.28 2,427 130.5 267.8 56.3 136.5 56.0
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TABLE 3 - HIGHLIGHTED CHANNEL ASSAY FOR KETCHICAN BERYL SHOWING


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Width Rb Cs
Channel # (m) Be (ppm) K2O (%) (ppm) (ppm) Ta (ppm) Nb (ppm)
---------------------------------------------------------------------------
greater
02 1.6 than 783.25(ii) 4.66 840.93 77.2 35.3 84.0
---------------------------------------------------------------------------
(ii) Sample contains a 0.75 m interval with greater than 1,000 ppm Be. The
weighted average was calculated with an assumed value of 1,000 ppm Be.




In addition to the high grade beryllium encountered on the Ketchican Beryl occurrence in channel #02, channel #01 also sampled 3.5% K2O over 4.73 meters. High K2O values are indicative for the potential of an Rb-rich potassium feldspar, an attractive product for the ceramics market. These results from the Ketchican Beryl occurrence are very encouraging as it appears that this showing could form part of a larger, zoned, rare metal pegmatite dike swarm.


Gordon McKinnon, President & CEO stated "We are delighted with the results to date on all of our lithium/rare metal properties. Our preliminary work has only scratched the surface, but has demonstrated that there is excellent potential on all of these properties and we are excited to get back on the projects with a program to follow up on these results."


Future Work Programs


Due to the excellent results received over the last few months on all of our lithium/rare metal properties which included previous highlights below (for full results please see Orebodies Press Releases dated March 11 and 18, 2010).



-- Grab sample on the Despard Property which assayed 3.66% Li2O
-- Channel sample on the Falcon Property which assayed 2.63% Li2O over 1.5
meters, including 3.19% Li2O over 0.56 meters
-- Channel sample on the Falcon Property which assayed 1.63% Li2O, Rb 3,220
ppm, Be 163 ppm, Cs 442 ppm, Ga 74 ppm and Nb 70 ppm all over 1.47
meters
-- Grab sample on the Greenbush property which assayed 1.96% Li2O




An aggressive work program is currently being planned which will entail more detailed sampling across all of the properties including further mechanical stripping, mapping, channel and grab sampling. Diamond drilling will also form part of this year's program with the goal of determining the potential of establishing a lithium and rare metal resource.


All samples were submitted to ALS and analyzed using four acid digestion and ICP-AES and ICP-MS. For more information on assay methodology please visit the ALS Laboratory Group. Website at http://www.alsglobalcom.


This press release has been prepared under the supervision of Mr. Don Hains (P.Geo.), who is an independent consultant to the Company and a "qualified person" (as such term is defined in National Instrument 43-101). Mr. Hains has verified the technical data disclosed in this press release.


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