Network holds AGM - All resolutions passed and board members appointed

VANCOUVER, May 27 /CNW/ - Network Exploration Ltd. (the "Company") (TSX.V: NET) held its annual general meeting of shareholders (AGM) today (May 27, 2010) at 9:00 AM. The Board of Directors is pleased to announce that all resolutions put to vote were passed and the following directors were re-appointed: Alexander Helmel, Richard Schnoor, Kenneth Thorsen, and Robert Friesen.

As detailed in the information circular dated April 26, 2010, the shareholders of the Company have: 1) appointed Morgan and Co. as auditor for the ensuing year, 2) ratified and approved the continuation of the Company's 10% rolling share option plan, 3) approved the consolidation of the issued and outstanding Class A Common Shares of the Company on a basis of six Class A Common Shares for one Class A Common Share, and 4) approved certain alterations to the Company's current articles.

The Company's Board of Directors will proceed with the alteration of the Company's articles and the share consolidation as planned.

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.

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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.

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SOURCE Network Exploration Ltd.

For further information: For further information: Network Exploration Ltd., (604) 638-7363, toll-free 1-866-637-5138

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