VANCOUVER, Sept. 14 /CNW/ - Network Exploration Ltd. (the "Company")
(TSX.V: NET.H) is pleased to announce that further to its news release on
September 11, 2007 the Company has met all conditions required by the TSX for
Tier 2 graduation. Commencing September 17, 2007 at market open, the shares of
Network Exploration will begin trading under the new ticker symbol "NET" on
the TSX Venture Exchange.
"I am very pleased to see Network listed on the TSX-Venture Exchange as
we now have a solid platform on which the Company can grow," states company
President Mr. Alexander Helmel. "We are excited to move forward with our
exploration program at our South American projects and we will be pursuing
possible acquisition opportunities to continue developing Network."
The Company is preparing for its upcoming drill program at its Caldera
gold and copper project in Chile. Senior geologist Mr. Marco Fernandez-Concha
(formerly of Teck Exploration) will supervise a diamond drill program designed
to test the mineral presence at depth in the gold and copper zones at Caldera.
A two-phase drill program has been recommended by independent Geological
Engineer Mr. Peter Folk after a comprehensive review of all available
exploration data. As reported May 31, 2007, results from the Company's recent
trench and test pit program indicated widespread near-surface copper averaging
up to .48% copper over 10 meter lengths. Additionally, trench N15, located on
the North East side of Caldera, revealed two 35m sections averaging .43 g/t
gold. As gold assays around the property have shown anomalous results of up to
6.6 g/t gold (reported August 2006), this newly discovered gold zone will be
targeted in the Company's drill program.
The Company also expects to be commencing first phase exploration at its
Peruvian Pistala copper project. Details and timing for this program are
expected in the next few weeks.
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.
ON BEHALF OF THE BOARD OF DIRECTORS
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. 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
For further information:
For further information: contact the company at (604) 638-7363 (toll
free 1-866-637-5138) or visit the Company's website: