2007-08-24 - News Release

Mr. Alexander Helmel reports

NETWORK UPDATE

Vancouver, British Columbia: The Board of Directors of Network Exploration Ltd. (the "Company") (TSX.V: NET.H) is pleased provide an update on its mineral projects and plans for the upcoming season. Key activities will include drilling at the Company’s Caldera property in Chile, surface exploration at Pistala, and review of new acquisition opportunities in South America.

Caldera Project: The Company will commence its first phase drill program at its Caldera gold and copper project in Chile. Results from Network’s Phase II exploration program completed in May 2007 have outlined drill targets in both the copper zone and the newly discovered gold zone on the property. The company will be drilling holes to depths of 250m at locations designed to test each of these zone’s mineral concentrations.

Pistala Project: Senior geologist Mr. Marco Fernandez-Concha is currently outlining the Phase I exploration program for the Company’s Pistala copper project in southern Peru. Phase I exploration will consist of mapping, surveying, and surface sampling to establish targets for a more detailed trench and sampling program to follow. Network is expected to commence Phase I exploration in the fall of 2007.

New Opportunities: The Company is evaluating potential mineral exploration projects in South America, focusing on quality gold and copper projects with large scale potential. The Company hopes to add an additional project by the end of 2007.

Network Exploration has submitted all required documents to the TSX Venture Exchange for the purposes of Tier II graduation. The Company eagerly anticipates Tier II graduation so it can move forward with the recommended work program at Caldera, preliminary exploration at Pistala, and the acquisition of new and exciting mineral projects in South America.

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.