2008-01-17 - News Release

Mr. Alexander Helmel reports

NETWORK DRILLING UNDERWAY &
PISTALA UPDATE

Vancouver, British Columbia: Network Exploration Ltd. (the "Company") (TSX.V: NET) is pleased to announce that Caldera's 1500 meter reverse circulation drill program has commenced as scheduled.

Results from the Company's 2007 trenching and sampling program identified a number of gold and copper anomalies on the property. From these results and historical IP data, six locations have been chosen to test subsurface mineralization to depths of up to 250 meters. The drill program is expected to run until approximately mid-February.

The Caldera project is located in the mineral rich Huasco province, in the Atacama Region (region III) of Chile. The property is approximately 150km NE of the city of La Serena and consists of 17 mineral concessions covering 2400 hectares at elevations between 2500 and 2800 meters. Highlights from the Company's recent trench and test pit program indicate widespread near-surface copper averaging up to .48% copper over 10 meter lengths with 150 meters of 1921ppm copper, 180 meters of 1628ppm copper, 170 meters of 1311ppm copper and two 35 meter sections averaging 0.43g/t gold.

PISTALA UPDATE

The first phase of exploration led by Senior Geologist Marco Fernandez-Concha has been completed and 96 samples have been submitted to ALS Chemex Laboratories in Lima, Peru for analysis. This initial phase of exploration was designed to provide a general understanding of the geological features of the Company's 1600 hectare project in southern Peru. Results from this program

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.