2009-05-06  News Release

Mr. Alexander Helmel reports

NETWORK MODIFIES WORK COMMITMENT AND PAYMENT SCHEDULE FOR CALDERA

Vancouver, British Columbia: Network Exploration Ltd. (the "Company") (TSX.V: NET) wishes to announce that its Chilean subsidiary, Network Exploration Chile Limitada, has modified the terms of its work commitment and payment schedule whereby the Company will continue to earn a 50-per-cent interest in the Caldera gold and copper project as announced November 9, 2006.

Under the terms of the modified agreement the overall work commitment and property payments remain the same; however, the payment schedule has been modified to expedite this year’s work program.

Network will release details of its upcoming work program on the Caldera property in due course.

The Caldera property, covering an area of 2,400 hectares, is located in the mineral-rich Huasco province of Chile. Based on historical occurrences of gold and copper deposits in similar geological settings within the Andes Mountains and historical gold mining activity on the property itself, the Company is confident that there exists a strong potential for the Caldera project to host economic gold and/or copper ore bodies.

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.