NETWORK EXPANDS PRIVATE PLACEMENT

VANCOUVER, Jan. 18 /CNW/ - Network Exploration Ltd. (the "Company") (TSX.V: NET) is pleased to announce that further to its news release dated January 17, 2011 the Company is expanding its private placement to $650,000.  Under the terms of the private placement, the Company will offer a maximum of 10,000,000 Units at a price of six and a half cents per Unit. Each Unit will consist of one common share of the Company and one full share purchase warrant where each warrant will allow the subscriber to purchase one additional common share of the Company at 10 cents during the first year following the closing of the private placement.

The proceeds from the Offering will be used for general corporate working capital. Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval from the Exchange.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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.


SOURCE Network Exploration Ltd.

For further information:

please contact the office at 604-638-7363 or toll-free at 1-866-637-5138, or visit www.networkexploration.com

Profil de l'entreprise

Network Exploration Ltd.

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.