Network Exploration not to proceed with Huevos Rojos Option Agreement



    VANCOUVER, Sept. 25 /CNW/ - Network Exploration Ltd. (the "Company")
(TSX.V: NET) announces that it is not proceeding with the Option Agreement for
the Huevos Rojos project in Peru and is continuing its campaign to identify
and acquire mineral exploration properties in South America.
    The Company sees the growing supply of under-valued exploration projects
becoming available in South America as an opportunity to increase shareholder
value by means of acquisition or joint venture agreement. Accordingly, after
careful consideration of the Company's recent due diligence at Huevos Rojos
and the current market environment, Network Exploration's management believes
the Company is better suited not entering into the Option Agreement for the
Huevos Rojos project and continuing to look at acquisition candidates.
    "Our extensive network in South America is seeing a steady stream of
quality projects becoming available for acquisition," states Mr. Richard
Schnoor, Director of International Operations. "We are committed to increasing
shareholder value by proving out resources at our current properties and
acquiring exceptional new projects to complement our existing portfolio."

    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: Corporate Communications: (604) 638-7363,
toll-free 1-866-637-5138

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Network Exploration Ltd.

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