2010-06-08  News Release

Mr. Alexander Helmel reports

NETWORK ANNOUNCES PRIVATE PLACEMENT FOR PROCEEDS UP TO $630,000

Vancouver, British Columbia: Network Exploration Ltd. (the "Company") (TSX.V: NET) the Company is pleased to announce that it is proceeding with a non-brokered private placement of up to 9,000,000 units (the "Units") at a price of $0.07 per Unit for gross proceeds of up to $630,000 (the "Offering") on a post-consolidated basis following the completion of the Company's share Consolidation (as previously outlined on June 7, 2010) approved at the Company's last Annual General Meeting.

The pricing and number of Units to be issued in the Offering are reflected on a post-consolidated basis. Each Unit will consist of one common share of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of $0.10 for a period of one year from the closing of the Offering.

All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities law legislation. The Company may pay a finder's fee on the Offering in cash, Common Shares, Warrants, or a combination thereof, up to the maximum amount permitted by the policies of the TSX Venture Exchange (the "Exchange").

The proceeds from the Offering will be used for general corporate working capital, exploration at the Company's properties and to repay the $250,000 short term promissory note (see news release dated May 5, 2010).

Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval from the Exchange.

Common Share Consolidation

As outlined in the news release dated June 7, 2010, The Board of directors has approved a consolidation of its Common Shares on the basis of one post consolidated Common Share for each six Common Shares currently held. The Company will provide further details of the regulatory approval process in due course.

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).

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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.