Canadian Orebodies Proposes Share Consolidation

Canadian Orebodies Inc. (TSX VENTURE:CO) (the "Company") announces that it will
be seeking shareholder approval for a consolidation of the Company's common
shares at a ratio of up to five (5) existing Common shares for one (1) new
common share, at a special meeting of the shareholders of the Company to be held
on July 9, 2014, in the company's offices located at 141 Adelaide Street West,
Suite 301, Toronto, Ontario, M5H 3L5.


If approved by the shareholders, the Company's Board of Directors will have the
ability to implement the share consolidation. The Company currently has an
aggregate of 163,420,290 common shares issued and outstanding. The share
consolidation, at the maximum ratio proposed, would reduce the outstanding
common shares to 32,684,058 common shares.


The Company is seeking shareholder approval for a potential consolidation of the
common shares of the Company to give the Board of Directors the flexibility to
consolidate should they deem that it would be beneficial to the Company.
Approval of the consolidation at the meeting does not mean a consolidation will
take place but rather leaves the Board of Directors with the ability to do so
for the ensuing year.


The share consolidation is subject to both the approval at the special meeting
of the shareholders and that of the TSX Venture Exchange. The Company will not
be changing its name in conjunction with a proposed share consolidation.


Additional information regarding the share consolidation will be available in
the Company's information circular. The information circular will be posted at
the company's website or mailed to certain shareholders in connection with the
special shareholders meeting and will also be available on SEDAR.


About Canadian Orebodies Inc.

Canadian Orebodies is a Canadian-based mineral exploration company with a
portfolio of properties in Nunavut and Ontario. Canadian Orebodies trades on the
TSXV under the symbol "CO".


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canadian Orebodies Inc.
Gordon McKinnon
President & CEO
[phone]
www.canadianorebodies.com