Update to Caldera drift program



    VANCOUVER, Aug. 19 /CNW/ - Network Exploration Ltd. (the "Company")
(TSX.V: NET) is pleased to announce a progress report on the underground
exploration project at the Company's Caldera project in Chile.
    The Company is currently carrying out underground exploration drifting in
the historic La Blanca gold mine workings that occupy a portion of the Caldera
property, which includes over 150 smaller gold workings and three abandoned
gold mines.
    The Company's plans are to complete 200 metres of exploration drifts,
designed to test the gold content, strike continuity and thickness of vein
structures hosting gold mineralization that lie within the approximately 100
metre by 300 metre silica breccia stockwork that is hosted in quartz-sericite
altered andesite. To date, the drifting is 50% complete. Geologists at the
site report that drifting has so far intersected alteration and favorable
mineralogy for hosting gold mineralization. These include strongly argillized
hydrothermal breccias, moderate to strong sericite alteration, disseminated
hematite and local tourmaline breccias.
    To date, 34 underground wall samples have been taken and submitted to ALS
Chemex Laboratory in La Serena Chile where they will be analyzed by procedure
Au-AA24 (50g fire assay and atomic absorption) and ME-ICP 41 (35 element ICP)
methods. Results will be released when available.

    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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