VMS Vortex Metals Inc

Kinetex Resources Corp. (TSX VENTURE:KTX) (the "Company" or "Kinetex") is
pleased to announce that it has entered into an Exploration Agreement with Euro
Minerals Inc., a private exploration company ("EuroMin"), and has also concluded
negotiations and concurrently signed a Definitive Agreement (the "Agreement") in
relation to the Letter of Intent announced previously on May 5, 2008 with Magnus
Minerals OY ("Magnus") of Tampere, Finland to support and jointly explore and
develop certain mineral properties (the "Project") located along the Central Ore
Belt in Finland, namely; the Hammaslahti Belt, Kangasjarvi Belt, Kuuhkamo
property and the Makola-Hitura Nickel Area (collectively, "the Properties").
Each of the properties have known copper-zinc and precious metal volcanogenic
massive sulfide ("VMS") mineral deposits. Both Kangasjarvi and Hammaslahti
encompass sites of past producing mines. Readers are invited to view property
descriptions and maps at www.kinetex.ca and www.magnusminerals.com.


"We are very excited to be working with Magnus and Euro Minerals on this
project," said Gil Schneider, CEO of Kinetex. "This announcement sets the stage
for a number of near term and long term goals. Near term, it allows our clients,
Euro Minerals Inc. and Magnus a unique opportunity to advance an exciting suite
of exploration properties through the application of Kinetex's seismic imaging
and developing Geosciences teams. Kinetex's shareholders benefit by
participating in an early stage exploration opportunity in Euro Minerals at no
initial cost, which in the long term adds value to their investment in Kinetex."


Under the terms of the EuroMin Exploration Agreement, Euromin agrees to pay
Kinetex $600,000 ($40,000 cash payable by January 31, 2009) and a promissory
note in the amount of $560,000 bearing interest at 8% per annum which is
convertible at Kinetex's discretion into 5,600,000 shares of Euromin at a deemed
price of $0.10 per share, for the right to explore the above cited properties.
EuroMin will earn the right to assume Kinetex's interest in one property of its
choice after spending a minimum of $400,000 on evaluating the 4 properties. In
the event EuroMin does not expend the required $400,000 within 12 months, no
interest would be retained by EuroMin and all rights will be returned to Kinetex
along with full payment of the claims for the year following.


Under the Terms of the Kinetex/Magnus Agreement, in consideration of a 10%
carried interest in the Project Magnus will transfer to Kinetex the rights to
the Properties and pending applications for additional claims and all available
resource reports, technical materials and information related to the Properties.
Kinetex will initially own and maintain a 90% interest in the Project by
spending EUR 300,000 within 18 months on initial exploration and evaluation
expenses of all properties for the purpose of developing an "Integrated
Exploration Program", including the examination of past and present geological
and geophysical techniques. Kinetex can withdraw from the Project at any time
prior to expending the required EUR 300,000, at which time no interest would be
retained by Kinetex and all rights will be transferred to Magnus along with full
payment of the claims for the year following. Magnus will retain a 2% net
smelter royalty ("NSR") on all commercial production from resource extraction on
ores in the Project, with the exception of the Kangasjarvi claim permit no.
8218/1, for which an NSR of 2.6% will be payable to SES Finland Ltd. under the
terms of this agreement. Kinetex retains the right to discontinue the Project
after completion of the EUR 300,000 expenditure, in which case Kinetex's
interest would then revert to a 10% net carried interest in the Project.


Magnus agrees to make available to the Project its technical expertise during
the life of this Agreement and any subsequent JV agreement. Kinetex will commit
the state of the art seismic equipment and methodology of its subsidiary,
Kinetex Multi-Component Services Inc., as the primary exploration tool over
areas of interest along with necessary crew and interpretation services. Both
parties will be paid market rates for their services.


Finland is home to an attractive mining exploration and investment climate,
combining highly prospective geology with moderate rates of taxation and a
highly skilled work force in a region of political and economic stability.


About Magnus Minerals

Magnus Minerals is a Finnish-based company focused on advanced mineral
exploration in Finland. Many of the Company's land holdings have proven and
indicated resources of nickel-copper, zinc-copper-lead-silver, and gold-silver
mineralization and hold potential for the development of significant amounts of
additional resources through effective exploration. The Company believes that
using modern geophysical methods combined with geological interpretation and
prospecting, new discoveries can be found in these prospective areas. Magnus'
business strategy is to make its properties available to mineral exploration
companies interested in gaining a property position in the highly prospective
base metal areas of Finland.


About Kinetex

Kinetex is an oil, gas and mineral exploration services company with offices in
Vancouver, BC, Calgary, Alberta and Bogota, Colombia. Through its subsidiaries,
Kinetex provides data-rich high resolution subsurface images - essentially a
brand-new exploration tool - to the energy, metals and minerals exploration and
development industries seeking to go beyond the limitations of traditional data
acquisition.

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