Try this patch:
--- /usr/share/codeblocks/templates/wizard/arm/wizard.script 2013-10-26 15:05:27.000000000 +0300
+++ /home/obfuscated/.codeblocks/share/codeblocks/templates/wizard/arm/wizard.script 2013-09-29 14:00:54.507317559 +0300
@@ -22,7 +22,7 @@
// select project name and path
Wizard.AddProjectPathPage();
// select compiler and configurations
- Wizard.AddCompilerPage(_T(""), _T("armelf*"), false, false);
+ Wizard.AddCompilerPage(_T(""), _T("arm-elf*"), false, false);
// select language
Wizard.AddGenericSingleChoiceListPage(_T("ARMBoards"), _T("Please select your ARM evaluation board."), ARM_boards , board);