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Message: Orebodies to Acquire 80% Interest in Zigzag Lithium/Rare Metals Property

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Orebodies to Acquire 80% Interest in Zigzag Lithium/Rare Metals Property

posted on Mar 05, 10 07:12AM

Orebodies to Acquire 80% Interest in Zigzag Lithium/Rare Metals Property

TORONTO, ONTARIO, Mar. 4, 2010 (Marketwire) -- Canadian Orebodies Inc. (TSX VENTURE:CO) ("Orebodies") is pleased to announce that it is has entered into an Option Agreement (the "Option") with Ultra Lithium Inc. ("Ultra") and the underlying property owners (the "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) in the Zigzag Lithium, Tantalum, Beryllium, Gallium property (the "Property"). The Property in total consists of 129 claim units comprising 2,064 hectares, located approximately 60 km northeast of Armstrong, Ontario.

See Press Releases for the rest of this Release.

.......RL

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