Network signs letter of intent for gold-silver property in Peru



    VANCOUVER, Sept. 9 /CNW/ - Network Exploration Ltd. (the "Company")
(TSX.V: NET) is pleased to announce that it has signed a letter of intent
("LOI") to option Huevos Rojos, a gold and silver prospect in Peru's
southeastern Ayacucho department.
    The Huevos Rojos property is located approximately 100km east of Nazca
and covers 1300 hectares. The property lies within the Puquio-Cailloma region,
which is known for its low-sulfidation volcanic hosted epithermal deposits of
gold and silver.
    The Huevos Rojos prospect contains silver, gold, tin, and zinc in quartz
vein structures within volcaniclastics and andesitic volcanic flows.
    Under the terms of the LOI, Network will enter an option agreement
(through its local subsidiary) to acquire an 80% interest in the Huevos Rojos
property over a three year period. Network will make an initial payment at
signing of US$15,000, and make escalating annual payments over the subsequent
three years to total US$1.5m. The work commitment in the first year is
US$50,000.
    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: Allison Murray, Corporate Communications, (604)
638-7363/toll-free 1-866-637-5138

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Network Exploration Ltd.

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