2006-11-23 - News Release

Mr. Alexander Helmel reports

NETWORK EXPANDS LAND POSITION AT CALDERA

Network Exploration Ltd. (the "Company") (TSX.V: NET.H) reports that further to its release dated November 9, 2006, only 1522 Hectares in mineral claims are included under the terms of the Caldera property agreement and as advised by the Company’s senior geologist Mr. Marco Fernandez-Concha, the Company is in the process of acquiring an additional 1200 Hectares of adjacent mineral concessions to bring the total area included under the Caldera property agreement to approximately 2700 Hectares.

In 1994 – 1995, Noranda Exploration optioned the Caldera property from its current owners and performed a series of exploration programs on the property. The data reviewed by the Company includes IP surveys which cover area within and adjacent to the property boundaries. After detailed geological review by the Company’s senior geologist Mr. Marco Fernandez-Concha – a former geologist with Noranda Inc. and with Teck Peru - the Company feels that the geological characteristics of the adjacent property are an important part of the Caldera property package and accordingly, has made arrangements to acquire these concessions.

Upon completion, the additional concessions will be included as part of the mineral concessions outlined in the Caldera property option agreement.

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 the Company’s website: www.networkexploration.com.

Network Exploration Ltd.
www.networkexploration.com
(604) 495-6302

We seek Safe Harbor.

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.