Network drills 36 meters of 0.52% copper



    VANCOUVER, March 14 /CNW/ - Network Exploration Ltd. (the "Company")
(TSX.V: NET) is pleased to announce the results of the first four drill holes
on the Caldera Project located in Chile.

    Highlights of the first four holes include:

    
    -   CA08-RC3 intersected 72.0 meters of 0.20% Cu, 0.124 g/t Au and 0.012%
        Mo including 35.0 meters averaging 0.26% Cu, 0.100 g/t Au and 0.011%
        Mo and an additional 24.0 meters averaging 0.19% Cu, 0.206 g/t Au and
        0.019% Mo;

    -   CA08-RC4 intersected 171.0 meters (the entire hole) averaging 0.23%
        Cu, 0.070 g/t Au and 0.006% Mo including 36.0 meters averaging 0.52%
        Cu, 0.120 g/t Au and 0.007% Mo.
    

    "These are exciting results for the first holes of our program as they
are consistent with our theory of Caldera being a copper-gold-molybdenum
porphyry system," says Director of International Operations Mr. Richard
Schnoor. "Chilean geology hosts some of the world's largest copper porphyry
systems with unsurprisingly, some of the world's largest open pit copper
mines."
    The Caldera project is located in the mineral rich Huasco Province, in
the Atacama Region (region III) of Chile. The property is approximately 150
kilometers northeast of the city of La Serena and consists of 17 mineral
concessions covering 2400 hectares at elevations between 2500 and 2800 meters.
    This first phase drill program at Caldera has now been completed and
includes a total of 1344 meters in nine reverse circulation drill holes. Holes
were originally targeted to depths of 250 meters but as rock conditions tested
the depth capabilities of the drill (which was not capable of drilling angled
holes) the company decided to drill three more holes than originally planned
to complete the contracted footage.
    CA08-RC1 was targeted to test a moderate geochemical and induced
polarization anomaly on the west side of the property. Moderately to strongly
altered granodiorite with several zones containing weak pyrite and minor
chalcopyrite were intersected. There are several thin zones with copper values
between 0.1 and 0.2% copper but none of substantial thickness.
    CA08-RC2 was drilled 350 meters southeast of CA08-RC1 on the same
geochemical and geophysical anomaly and intersected similar rocks with one
section of more concentrated values.
    CA08-RC3 and CA08-RC4 are located in an area of relatively low
chargeability, moderately strong copper geochemical results and good
alteration north and west of the stronger induced polarization anomaly. Both
intersected significant sections of copper and gold mineralization and hole
CA08-RC3 returned the most significant molybdenum results from the property to
date. Hole CA08-RC4 returned continuous values of copper greater than 0.1%
from surface to the end of the hole at 171.0 meters with a 36 meter section
that assayed 0.52% copper.
    The first four holes for which assays have been received were all drilled
in the northwest corner of the property. Of the remaining five holes, three
tested the eastern portion of the 3.5 kilometer long strong induced
polarization anomaly and reportedly intersected thick sections of high
concentrations of sulphides and two tested surface geochemical anomalies in
highly altered rocks in the northwest parts of the property.

    
    Table 1. Caldera Property Drill Results.
    -------------------------------------------------------------------------
    Hole No         From        To       Thickness   Cu       Au       Mo
                     (m)        (m)         (m)      (%)     (ppm)     (%)
    -------------------------------------------------------------------------
    CA08-RC1        NSV(*)
    -------------------------------------------------------------------------
    CA08-RC2        24.0       42.0        18.0     0.26     0.134    0.002
    -------------------------------------------------------------------------
        incl        36.0       42.0         6.0     0.46     0.307    0.004
    -------------------------------------------------------------------------
    CA08-RC3        15.0       87.0        72.0     0.20     0.124    0.012
    -------------------------------------------------------------------------
        incl        15.0       48.0        35.0     0.26     0.100    0.011
    -------------------------------------------------------------------------
         and        63.0       87.0        24.0     0.19     0.206    0.019
    -------------------------------------------------------------------------
        incl        84.0       87.0         3.0     0.20     1.075    0.046
    -------------------------------------------------------------------------
    CA08-RC4        0.00      171.0       171.0     0.23     0.070    0.006
    -------------------------------------------------------------------------
        incl        18.0       54.0        36.0     0.52     0.120    0.007
    -------------------------------------------------------------------------
    (*) No Significant Values
    

    Samples were taken at three meter intervals throughout all holes, bagged
in tamper proof bags and delivered by company personnel to the ALS Chemex
laboratory in La Serena, Chile where they were assayed utilizing the Au plus
41 element ICP package.
    For a map showing the distribution of drill holes at Caldera, please
visit the following link: www.networkexploration.com/caldera/drillholes.pdf
    The field program is managed by Senor Marco Fernandez Concha, an
experienced South American geologist. This press release has been approved by
Ken Thorsen, a director of the company and the company's Qualified Person.

    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) or visit the Company's
website: www.networkexploration.com.

    ON BEHALF OF THE BOARD OF DIRECTORS

    "Alexander Helmel"
    President

    Forward looking Statements. This news release has been prepared by
management. This document contains certain forward looking statements which
involve known and unknown risks, delays, and uncertainties not under the
Company's control which may cause actual results, performance or achievements
of the Company to be materially different from the results, performance or
achievements implied by these forward looking statements.

    -------------------------------------------------------------------------
    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
Commission.

    %SEDAR: 00005604E




For further information:

For further information: Cristina Bittante, Corporate Communications,
(604) 638-7363

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