willard,
my apologies for not being more specific. That file is not a module, it is an archive containing files that need to be manually updated.
From the link posted in fanthom's thread, here:
http://ponce.cc/porteus/i486/current/ex ... nux-3.4.9/
download the file: linux-3.4.9-kernel_update-i486-1ftm.tar.gz
then, navigate to that file, right click on it and choose 'extract here'. This will leave two directories, boot and porteus.
Copy the files 'vmlinuz' and 'initrd.xz' from the boot folder that you just extracted into the boot folder on your flash drive, where you have porteus installed (you may want to back up the vmlinuz and initrd.xz files from there first),
Then, copy the file '000-kernel.xzm' from the folder 'porteus/base' that you just extracted into the /porteus/base folder on your flash drive, at the same location specified above.
On reboot, your system will start using the new kernel and initrd.