2009-08-19  News Release

Mr. Alexander Helmel reports

UPDATE TO CALDERA DRIFT PROGRAM

Vancouver, British Columbia: Network Exploration Ltd. (the "Company") (TSX.V: NET) is pleased to announce a progress report on the underground exploration project at the Company's Caldera project in Chile.

The Company is currently carrying out underground exploration drifting in the historic La Blanca gold mine workings that occupy a portion of the Caldera property, which includes over 150 smaller gold workings and three abandoned gold mines.

The Company's plans are to complete 200 metres of exploration drifts, designed to test the gold content, strike continuity and thickness of vein structures hosting gold mineralization that lie within the approximately 100 metre by 300 metre silica breccia stockwork that is hosted in quartz-sericite altered andesite. To date, the drifting is 50% complete. Geologists at the site report that drifting has so far intersected alteration and favorable mineralogy for hosting gold mineralization. These include strongly argillized hydrothermal breccias, moderate to strong sericite alteration, disseminated hematite and local tourmaline breccias.

To date, 34 underground wall samples have been taken and submitted to ALS Chemex Laboratory in La Serena Chile where they will be analyzed by procedure Au-AA24 (50g fire assay and atomic absorption) and ME-ICP 41 (35 element ICP) methods. Results will be released when available.

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.