Brainhunter Provides Default Status Report

TORONTO, ONTARIO--(Marketwire - Jan. 12, 2009) -

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION TO CANADIAN INVESTORS ONLY.

Brainhunter Inc. ("Brainhunter" or the "Company") (TSX:BH) is providing its first bi-weekly Default Status Report in accordance with National Policy 12-203: Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"). On December 29, 2008, the Company announced that it was not able to file its audited financial statements, CEO and CFO certifications, management discussion and analysis ("MD&A") and annual information filing ("AIF") for the year ended September 30, 2008 (collectively, the "Annual Filings") within the 90 day period prescribed for the filing of the Annual Filings.

In accordance with NP 12-203, and as previously announced, the Company made an application to applicable securities regulatory authorities for a management cease trade order. As at the date of this press release, the securities regulatory authorities have not yet imposed a management cease trade order. The issuance of such management cease trade order would generally not affect the ability of persons who have not been directors, officers or insiders of the Company to trade in their securities. However, the securities regulatory authorities, in their discretion, may determine that it would be appropriate to issue a general issuer cease trade order affecting all of the Company's securities.

The Company confirms that, except as described herein: (i) there is no material change to the information set out in its initial default announcement filed pursuant to NP 12-203; (ii) there has been no failure by the Company in fulfilling its stated intention with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; (iii) there is no actual or anticipated specified default subsequent to that disclosed in the initial default announcement; and (iv) there is no other material information concerning the affairs of the Company that has not been generally disclosed.

The Company continues to anticipate that the Annual Filings will be filed on or before February 20, 2009 and will continue to provide bi-weekly updates, as contemplated by NP 12-203, until the Annual Filings are up to date.

BUSINESS OVERVIEW

Brainhunter is an ISO 9001:2000 Certified "Technology Driven Staffing Procurement Services and Solutions" company. Brainhunter's business is focused on using the Brainhunter Human Capital Management Platform to provide fully integrated end-to-end recruiting and staffing services and solutions in the following market sectors: Information Technology, Engineering, Industrial and Health Care. These services are provided to customers throughout Canada, the United States and globally under the brand.

Brainhunter's Technology Platform and Best practices strive to deliver the most cost effective and flexible recruiting and staffing solutions in the marketplace today. Brainhunter offers solutions that are modular in nature and are customizable to suit both small and large scale business processes. Brainhunter has over 2,000 clients including over 200 of North America's leading corporation's plus over 30 federal and provincial government departments. Brainhunter's Job Seeker Database currently holds over 1.2 million professional resumes and is one of the largest active databases for professional staffing in North America.

Brainhunter is a publicly traded company with a senior listing on the Toronto Stock Exchange (TSX:BH). Brainhunter deploys over 1,800 Contractors / Consultants with an internal staff of over 280 personnel. The Company has delivery capability across Canada including Toronto, Ottawa, Maritimes, Montreal, Calgary, Edmonton, Vancouver, activities in Dalian China, a BPO office in Hyderabad, India and delivery capability in select US jurisdictions and the UK.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.