VMS Vortex Metals Inc

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION TO CANADIAN INVESTORS ONLY

The Board of Directors of Brainhunter Inc. ("Brainhunter or the
Company")(TSX:BH) announced today that an order was granted by Madam Justice
Pepall of the Ontario Superior Court of Justice (Commercial List) under the
Companies' Creditors Arrangement Act ("CCAA") for the Company and certain of its
principal subsidiaries providing, among other things, a stay of proceedings
against the Company. This means that, with the supervision and protection of the
Court, Brainhunter will continue to operate normally while it seeks offers to
sell its business or to restructure its liabilities and operations. As one of
North America's leading technical staffing and staffing software companies,
Brainhunter is continuing all of its current operations during this
restructuring process.


Over the past months, Brainhunter, its Board of Directors (the "Board") and
financial advisors have conducted an extensive review of strategic alternatives
for addressing the Company's debt obligations. After thorough consideration of
all alternatives, the Board initiated this action in the best interests of the
Company's clients, contractors, employees, creditors and other stakeholders.


Chairman of the Board Don McCreesh said today, "Brainhunter's success is rooted
in the strong relationships with our clients and contractors, and we value their
support as we take this step to ensure the continuity of our business. Our
business is here to stay, and that means we will continue to deliver the high
level of service our clients have come to expect from us."


An important element of the filing is a Debtor in Possession ("DIP") interim
financing facility, provided by TD Bank. This financing commitment ensures
sufficient liquidity for the uninterrupted engagement and compensation of
contractors and employees, and therefore uninterrupted service to Brainhunter's
valued clients. Further, the Court has approved payment of all pre-filing
obligations to the Company's contractors and for a charge on its assets to
further protect the contractors.


Brainhunter's Board of Directors has also received and accepted a 'Stalking
Horse Bid' from CEO Raj Singh, which has the support of the senior management
team. The Company will subsequently be asking the court to approve this bid as
part of a court-supervised bid process. The Stalking Horse Bid is effectively an
offer to acquire the business as a going concern. It will serve as a reserve bid
against which other potential parties can also bid for the Company's assets or
offer to sponsor a restructuring plan. This ensures at least one viable and
expedited outcome from the restructuring process, and the continuation of the
Company's business without disruption of service to its clients.


Brainhunter, like many Canadian companies, has been financially challenged by
the general economic downturn. The decision to file under the CCAA was taken
after considerable efforts to recapitalize the Company and reduce corporate
overhead. McCreesh added, "We regret that this could not be resolved outside the
scope of a Companies' Creditors Arrangement Act process. However, we believe
that a court-supervised process is the best course of action and will clear the
way to implement a long-term, viable solution."


As part of the formal legal requirements of this restructuring, Deloitte &
Touche Inc. has been appointed by the Court as Monitor to provide oversight and
supervise the CCAA process. Deloitte has posted the materials regarding our
restructuring at www.deloitte.com/ca/brainhunter. If you are unable to access
this material or have questions of the Monitor, please call 1-877-770-4554 or
email gtabrainhunter@deloitte.ca.


Brainhunter specializes in the provision of staffing solutions (contingent
staffing, managed staffing, permanent staffing and staffing software solutions)
to major companies and governments in Canada and the United States. Currently,
the largest part of the business is providing IT and engineering staffing
consultants, on a contract basis, to major companies and government entities in
Canada. The Company also sells recruiting related software including applicant
tracking systems ("ATS") and vendor management software ("VMS"). Brainhunter
deploys over 1,500 contractors with an internal staff of over 160 personnel.
Operations are ISO 9001:2000 Certified.

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