Canadian Orebodies Inc. (TSX VENTURE:CO) ("the Company" or "Orebodies") is
pleased to announce that it has executed an option agreement with Carlisle
Goldfields Ltd. (TSX:CGJ)(OTCQX:CGJCF) ("Carlisle") pursuant to which the
Company has been granted the option to acquire a 10% interest in the mining
claims and mining leases comprising the Farley Lake Mine Project located near
the town of Lynn Lake, Manitoba, in which Carlisle holds a 100% interest.


In order to acquire its interest in the property, Orebodies is required to incur
aggregate exploration expenditures on the property of $800,000 (the "Expenses")
by December 31, 2013. Upon Orebodies acquiring its interest, the parties will
enter into a joint venture agreement pursuant to which Carlisle shall incur all
further expenditures on the property until it reaches commercial production.
After the commencement of commercial production, Orebodies and Carlisle will be
obligated to contribute funds to approved programs and budgets of the joint
venture in proportion to their respective participating interests. 


Gordon McKinnon, President and CEO of Orebodies commented, "We are pleased to be
entering into this agreement with Carlisle on such a promising gold deposit. The
Farley Lake Mine Project's high grade and open pit characteristics are extremely
compelling. We believe that these factors combined with excellent exploration
opportunities make this a very attractive investment for our Company."


At any time after Orebodies has acquired its interest in the property and prior
to April 30, 2016, Orebodies shall be entitled to transfer such interest back to
Carlisle upon 15 days prior written notice (the "Put Right") in exchange for the
issuance to Orebodies of Carlisle shares with an aggregate value of $800,000,
with each Carlisle share being valued at the greater of $0.10 per Carlisle share
and the volume weighted average trading price of the Carlisle shares traded on
the TSX for the twenty (20) days where transactions have been recorded on those
shares immediately preceding the date of the Back-In Notice or Put Notice (the
"Reference Price"). Further, in the event that Orebodies exercises the option
and acquires its 10% interest in the property, then at any time after December
31, 2014 and on or prior to April 30, 2016, Carlisle shall have the right (the
"Back-In Right") to require that Orebodies transfer such interest back to
Carlisle upon 15 days prior written notice to Orebodies, in exchange for the
issuance to Orebodies of Carlisle Shares with an aggregate value of $800,000,
with each Carlisle share being valued at the Reference Price, provided that if:
(a) the Reference Price of Carlisle's shares for purposes of such issuance is
less than the minimum price permissible by the TSX; or (b) such issuance would
result in the issuance to Orebodies of a number of Carlisle Shares that would be
equal to 10% or more of the outstanding Carlisle Shares, Carlisle shall not be
permitted to exercise the Back-In Right.


Farley Lake Mine Project

The Farley Lake Mine Project is located approximately 41 km east of the Town of
Lynn Lake in northern Manitoba. The project is host to a NI 43-101 compliant
Mineral Resource Estimate with an effective date of May 1, 2013, which can be
found on Carlisle's website at http://www.carlislegold.com/.




----------------------------------------------------------------------------
                     NI 43-101 Mineral Resource Estimate                    
----------------------------------------------------------------------------
                           Cut-Off Au                                       
           Classification         g/t     Tonnes  Au g/t  Contained oz of Au
----------------------------------------------------------------------------
Within Pit      Indicated         0.4  5,895,000    3.21             608,000
           -----------------------------------------------------------------
                 Inferred         0.4  3,601,000    2.41             279,000
----------------------------------------------------------------------------
Out of Pit      Indicated         2.0     19,000    3.31               2,000
           -----------------------------------------------------------------
                 Inferred         2.0    763,000    5.05             124,000
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
Total           Indicated   0.4 + 2.0  5,914,000    3.21             610,000
           -----------------------------------------------------------------
                 Inferred   0.4 + 2.0  4,364,000    2.87             403,000
----------------------------------------------------------------------------



The Farley Lake Property is hosted in a Pre-Cambrian sedimentary iron formation.
The iron formation in the Farley Lake area is 6 km long by 600 m wide and is
predominantly composed of an oxide facies iron formation that is intercalated
with clastic sediments. Mineralization is in discordant sulphide lenses within
silicified, chloritized and sulphidized oxide facies iron formation. The Farley
Lake Deposit is thought to be an epigenetic iron-formation hosted gold deposit.


This press release has been prepared under the supervision of Mr. Randall Salo
(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. Salo has
verified the technical data disclosed in this press release.


About Canadian Orebodies Inc.

Canadian Orebodies is a Canadian-based mineral exploration company with a
portfolio of properties in Nunavut, Ontario, and Manitoba. Canadian Orebodies
trades on the TSXV under the symbol "CO". For more information please visit
www.canadianorebodies.com.


Forward-Looking Information

This press release may contain certain "forward-looking statements". All
statements, other than statements of historical fact, that address activities,
events or developments that the Company believes, expects or anticipates will or
may occur in the future (including, without limitation, statements relating to
mineral resources, potential mineralization, exploration results and the
Company's plans with respect to the exploration and development of the
Properties) are forward-looking statements. These forward-looking statements
reflect the current expectations or beliefs of the Company based on information
currently available to the Company. Forward-looking statements are subject to a
number of risks and uncertainties that may cause the actual results of the
Company to differ materially from those discussed in the forward-looking
statements, and even if such actual results are realized or substantially
realized, there can be no assurance that they will have the expected
consequences to, or effects on the Company. Factors that could cause actual
results or events to differ materially from current expectations include, among
other things, changes in commodity prices, changes in equity markets, failure to
establish mineral resources, changes to regulations affecting the Company's
activities, delays in obtaining or failures to obtain required regulatory
approvals, uncertainties relating to the availability and costs of financing
needed in the future, the uncertainties involved in interpreting drilling
results and other ecological data, and the other risks involved in the mineral
exploration and development industry. Any forward-looking statement speaks only
as of the date on which it is made and, except as may be required by applicable
securities laws, the Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information, future events
or results or otherwise. Although the Company believes that the assumptions
inherent in the forward-looking statements are reasonable, forward-looking
statements are not guarantees of future performance and accordingly undue
reliance should not be put on such statements due to the inherent uncertainty
therein.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canadian Orebodies Inc.
Gordon McKinnon
President & CEO
(705) 268-9000


First Canadian Capital Corp.
Investor Relations
Jamie Frawley
(416) 742-5600
jfrawley@firstcanadiancapital.com