Canadian Orebodies Inc. announced the final set of assay results from the 2012 drill program at the Haig Inlet Iron Project, located on the Belcher Islands in Nunavut, Canada. During the 2012 program a total of 6,469.6 meters were drilled in 38 holes spanning four separate target areas: Haig West, Haig South, the Haig North Extension, and Kihl Bay. At Haig West, drilling over a 25 kilometer strike length encountered the west dipping iron formation in 14 drill holes.

All drill holes at Haig West were collared to intersect the magnetic anomaly which extends across the entire strike length, and significant widths of iron bearing hematite and magnetite mineralization were encountered. A 4.5 kilometer long outcrop of iron formation that had never been historically mapped was discovered and drill tested at the south end of the trend. During the year, the company acquired three new Inuit Owned Land parcels known as Kihl Bay, Kugong Island, and Wiegand Island.

The land packages total 14,527 hectares, which increased the Company's land position on the Belcher Islands by 57% to 39,903 hectares in total. Based on historical data and confirmation by ground prospecting, each area was selected for having the highest potential to host near surface iron mineralization that may be amenable to open pit mining. The Company drilled 7 holes at Kihl Bay during the summer program, but Kugong Island and Wiegand Island have never been drill tested, and will be subject to future exploration.