Site visit for phase two evaluation; Stock Options granted

VANCOUVER, Aug. 21 /CNW/ - Network Exploration Ltd. (the "Company") (TSX.V: NET) is pleased to announce that senior management will be on site at its Caldera property in Chile to evaluate the progress of the current work program and to develop a second phase program for the La Blanca mine works.

As work continues at Caldera, Senior Mining Advisor Robert Friesen and President CEO Alexander Helmel will be conducting a site visit from August 21 - 25th where they will meet with on-site Senior Geologist Marco Fernandez-Concha to evaluate the progress of this first phase drift program into the historic La Blanca gold mine. Network's geologists will review all aspects of the current exploration program and will systematically reexamine all existing mining data to determine options and logistics for a second phase program at La Blanca.

Stock Options:

The Company has granted 1,250,000 incentive stock options to directors, key employees, and consultants at an exercise price of $0.10 per share. These options are exercisable for a period of five years and are subject to approval by the TSX Venture Exchange.

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.

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