Network Exploration

NETWORK EXPLORATION CONFIRMS THE PRESENCE OF ANOMALOUS GOLD AND COPPER VALUES ON THE CALDERA PROPERTY

Network Exploration Ltd. (the "Company") (TSX.V: NET.H, OTCPK:NETYF) has received assay results of seven samples taken from the Caldera property assaying up to 6.6 g/t gold and over 1% copper confirming the presence of anomalous high gold and copper values at the Caldera property in Chile.

In May 2006, Mr. Richard Schnoor and Mr. Alexander Helmel, directors, with Mr. Marco Fernandez Concha, the Company’s senior geologist, visited the Caldera property in Chile to conduct a due diligence review of existing geological data, perform a site inspection, and commence discussions with the owners to acquire a 50% interest in this property on terms as disclosed in the Company’s news release of July 12, 2006.

While visiting various locations on the property, grab samples were taken by senior geologist Mr. Marco Fernandez Concha from locations over a 700-meter strike length of an identified geological structure connecting several mines and exposed outcrops on the property.

Of the six samples reported below, two of the samples contained copper values greater than .67% Cu (one sample exceeded the 1% detection limit for Cu) and three of the samples contained gold values greater than 2.4 g/t Au (to a high value of 6.6 g/t Au).

The Company maintained a proper chain of custody and the samples were transported by Mr. Richard Schnoor back to Vancouver for detailed mineral analysis at ACME Analytical Laboratories Ltd., Vancouver.

Sample #	Gold (Au) g/t	Copper (Cu) %
118515	3.29	0.009
118516	6.60	0.035
118517	2.47	0.075
118518	0.54	0.160
118519	0.11	>1.00 **
118520	0.17	0.671
** over max detection limit

The grab samples obtained by the Company in May 2006 confirm the presence of anomalous gold and copper values reported to exist within a two kilometer radius area of interest on the Caldera property. This area of interest is comprised of scattered outcrops and intensely weathered, quartz stockwork-veined, sericite-altered volcanic rocks and quartz porphyry intrusions. The mineralized intrusion at the La Blanca mine is reported to carry anomalous concentrations of copper and gold and lies within this area.

As stated in a previous news release, information obtained from Noranda’s 1994 exploration program in the La Blanca mine documents two meter spaced chip sampling over a 40 m section with resulting average grades of 2.7-g/t Au. The Company has not independently confirmed these results.

To further outline the geological context of the Caldera property and to help define the first phase drill targets, the Company’s senior geologist is currently reinterpreting a property-wide magnetic survey previously prepared by Noranda.

Mr. Richard Schnoor, Director of International Operations, states: “I am pleased to see that these results are consistent with some of the anomalous results from previous samplings. We are looking forward to commencing our exploration program on the Caldera property.”

Network Exploration Ltd. is a mineral exploration company committed to building shareholder value through the acquisition of base and precious metal properties in North and South America. For additional information, contact the company at 604 495-6302 or visit our website at www.networkexploration.com

THE TSX VENTURE EXCHANGE HAS NOT YET REVIEWED AND DOES NOT TAKE RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE. This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. These statements include "characteristics of a gold and copper porphyry system with excellent geological potential". There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.