Network modifies work commitment and payment schedule for Caldera



    VANCOUVER, May 6 /CNW/ - Network Exploration Ltd. (the "Company") (TSX.V:
NET) wishes to announce that its Chilean subsidiary, Network Exploration Chile
Limitada, has modified the terms of its work commitment and payment schedule
whereby the Company will continue to earn a 50-per-cent interest in the
Caldera gold and copper project as announced November 9, 2006.
    Under the terms of the modified agreement the overall work commitment and
property payments remain the same; however, the payment schedule has been
modified to expedite this year's work program.
    Network will release details of its upcoming work program on the Caldera
property in due course.
    The Caldera property, covering an area of 2,400 hectares, is located in
the mineral-rich Huasco province of Chile. Based on historical occurrences of
gold and copper deposits in similar geological settings within the Andes
Mountains and historical gold mining activity on the property itself, the
Company is confident that there exists a strong potential for the Caldera
project to host economic gold and/or copper ore bodies.

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

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