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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 19, 2009) - Kinetex Resources Corp. (TSX VENTURE:KTX) (the "Company" or "Kinetex") is pleased to announce that it has arranged, subject to regulatory approval, a non-brokered private placement consisting of up to 10,000,000 units (the "Units") to qualified investors for gross proceeds of up to $1,500,000 (the "Offering").

The terms of the Offering will be for Units at a price of 15 cents per Unit. Each Unit will consist of one common share and one common share purchase warrant, exercisable to acquire one additional common share of the Company at a price of 25 cents per share for a period of two years from the closing of the private placement. The warrant expiry may be accelerated if the share price of the Company trades at a price equal to or higher than 40% of the warrant exercise price for a period of 21 consecutive days. All securities issued in the Offering will be subject to a 4-month hold period.

The offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

A finders' fee will be paid in the form of a cash commission equal to 7% of the gross proceeds of the Offering; and issue to the Finder non-transferable share purchase warrants ("Finder's Warrants") equal to 7% of the number of Common Shares sold under the Offering. Each Finder's Warrant will entitle the Finder to purchase one common share of the Company at a price of 25 cents for a period of 12 months after the Closing Date.

Proceeds of the offering will be used to advance development of the Company's business and for general working capital.

"We continue to enjoy strong growth in activity in both North and South America," said Gil Schneider, President and CEO of Kinetex. "The additional capital provided by this placement offering will help us accelerate our sales and operations efforts. Our order book for the next four quarters is shaping up very strongly and holds the potential for revenues to grow at a pace that may allow us to achieve our forecasted 2011 revenue targets in 2010."

The securities being offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States in the absence of registration or an applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to purchase securities in the United States.

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 methods.

The Company seeks safe harbour.

Forward-Looking Statements
Certain statements contained in this news release constitute forward-looking statements. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements. Based on current available information, the Company believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that those expectations will prove to be correct. The forward-looking statements in this news release are expressly qualified by this statement, and readers are advised not to place undue reliance on the forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.