Mr. Alexander Helmel reports as follows:
NETWORK EXPLORATION RECEIVES 1.67% COPPER ASSAY RESULT AND TO COMMENCE EXPLORATION PROGRAM
Network Exploration Ltd.’s overlimit sample announced in the news issued in Stockwatch dated Aug. 2, 2006, has returned a 1.67-per-cent copper assay value. The company will be launching an exploration program at the Caldera property in Chile.
Richard Schnoor, director of international operations, states: “We are very excited by the high 1.67-per-cent copper assay result, since a number of major copper mines in the Andes Mountains are producing at a copper grade of 0.5 per cent. We will be immediately following this with an exploration program in this specific area.”
As reported (Stockwatch news) Aug. 2, 2006, grab samples were taken by Marco Fernandez-Concha, the company’s senior geologist, in May, 2006, during a due diligence visit to the property. The samples, including the 1.67-per-cent copper result, were taken over a 700-metre strike length of an identified geological structure connecting several placer mines and outcrops on the property. The returned assay results confirm the presence of anomalous gold and copper values on the property and are in one of the areas of interest to be covered in the company’s upcoming exploration program.
Commencing Sept. 25, 2006, senior geologist, Mr. Fernandez-Concha, will supervise an exploration team to perform a two-week program in preparation for the company’s upcoming drill program at the Caldera property. The team will be performing a series of sampling programs and surveys to verify some of the past sample data collected in Noranda’s 1992-1994 exploration program and to collect further information to help define drill targets.
On July 12, 2006, the company signed a memorandum of understanding to option a 50-per-cent interest in the Caldera property 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, the company is confident that, there exists a strong potential for the Caldera project to host a series of economic gold or copper orebodies on this property.
Richard Schnoor will return to Chile in two weeks to enter into the contract currently support by the Memorandum of Understanding regarding this property and NETY’s interest.
Stock Guru: NETYF
Source: Canjex Publishing Ltd.
Network Exploration Ltd. — NETYF
505 Burrard St.
Suite 1880
Vancouver, BC V7X 1M6
CAN
Website: http://www.net-explore.com
Phone: 604-681-3864
Fax: 604-681-1265
About Network Exploration: 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 604 495-6302 or visit our website at www.networkexploration.com
Forward Looking Statements: 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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