2008-07-03  News Release

Mr. Alexander Helmel reports

NETWORK EXPLORATION AMMENDS PRIVATE PLACEMENT

Vancouver, British Columbia: Network Exploration Ltd. (the "Company") (TSX.V: NET) further to the Company's news release issued June 4, 2008, announcing a private placement of up to $1,500,000 at $0.10 per unit, the Company has, subject to regulatory approval, amended the terms of the private placement as follows: the Company will offer a maximum of 15,000,000 Units at a price of 5 cents per Unit for proceeds of up to $750,000. Each Unit will consist of one common share of the Company and one full share purchase Warrant, where each Warrant will allow the subscriber to purchase one additional common share of the Company at either 10 cents during the first year following the closing of the private placement or at 15 cents during the second year following the closing of the private placement.

In the event that the Company's common shares trade at a closing price on the TSX Venture Exchange of greater than 30 cents per share for a period of 20 consecutive trading days at any time after four months and one day following the closing date, the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the 30th day after the date of such notice.

Units issued will be subject to a four-month hold period following the closing of the private placement. Proceeds from this offering will be used for exploration of the Company's properties, working capital and general corporate purposes. Finder's fees may be applicable.

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.