2007-03-07 - News Release

Mr. Alexander Helmel reports

NETWORK EXPLORATION ACQUIRES COPPER, MOLYBDENUM, AND GOLD PORPHYRY PROPERTY IN SOUTHERN PERU

Network Exploration Ltd. (the "Company") (TSX.V: NET.H) reports that it has recently returned from a successful property inspection trip in Southern Peru where the Company has staked, subject to final government approval, a 100% interest in the 1,600 hectare Pistala property where it will be targeting a porphyry system.

Located east of the major NW-SE trending Incapquio fault system in Southern Peru, the property is in the same metallogenic belt region as other world class deposits. The Cerro Verde/Santa Rosa, Cuajone, and Topuepala mines are located approximately 150Km North West of the property where they are mining copper at grades ranging from .3% to .74%, and lie within the same cretaceous Toquepala group of rocks as the Pistala property.

“We are extremely pleased to have acquired such an outstanding property and we’re looking forward to an aggressive exploration program in mid 2007,” states Director of International Operations Mr. Richard Schnoor.

The Pistala property is immediately adjacent to claims owned by the Australian mining company Western Metals and Apex Silver Mines Ltd. - an active exploration and mining company based in Colorado. The acquisition was based on the Company’s review of historical data which suggests that there could be potential for a large porphyry deposit hosting copper, molybdenum, and gold.

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 604 638-7363 (toll free 866 637-5138).

Network Exploration Ltd.
www.networkexploration.com
(604) 638-7363

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.