The Fishing Magnet is a junk retrieval tool designed to effectively remove metal particles, shavings, and debris from the bottom of the well bore. The process of retrieving small, oddly shaped objects is one of the most frequent and most difficult fishing jobs. Typically, these objects are the result of bit failures that leave cones and cutters in the hole, or are an accumulation of mill cuttings, or are simply accidental droppings of unbillable objects into the hole. In these cases, the fish is nearly always an odd-shaped object that cannot be engaged in the normal manner. Fishing magnets successfully remove these small objects from the hole bottom. The tool's design incorporates generous circulation holes that wash away the cuttings and other debris that otherwise would prevent contact with the magnet. Fishing magnets can be run on either wire line or pipe.