2009-08-12  News Release

Mr. Alexander Helmel reports

NETWORK AMENDS PRIVATE PLACEMENT

Vancouver, British Columbia: Network Exploration Ltd. (the "Company") (TSX.V: NET) announces that further to its press release dated July 9th 2009, the Company has amended the terms of it’s private placement where the Company will now offer up to 7.5 million units at a price of 4.0 cents per unit and 6 million flow-through units at a price of 5 cents per unit for total gross proceeds of up to $600,000.

Under the terms of the private placement each unit will consist of one common share of the Company and one share purchase warrant where each warrant will allow the subscriber to purchase one additional common share of the Company at a price of eight cents for a period of one year following the close of the private placement. Each flow-through unit will consist of one flow-through common share and one share purchase warrant where each warrant will allow the subscriber to purchase one additional common share of the Company at a price of eight cents for a period of one year following the close of the private placement.

Securities issued will be subject to a four-month hold period following the closing of the private placement. It is contemplated that the portion of the investment represented by the flow-through shares will entitle the holders to a 100% CEE tax deduction as set forth under the Income Tax Act (Canada).

Proceeds from this offering will be used for exploration at the Company’s recently acquired Yukon property, working capital and general corporate purposes. The private placement and finder's fee, if applicable, are subject to the acceptance by the TSX Venture Exchange.

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.