Jul. 18, 2011 (Canada NewsWire Group) --
VANCOUVER, July 18, 2011 /CNW/ - Network Exploration Ltd. (the "Company") (TSX.V: NET) is pleased to announce that it has appointed Moises Uribe as its new Chief Financial Officer.
Mr. Uribe has extensive training in Management Accounting with experience in operations management, investment banking, corporate finance and securing capital for publicly traded companies. Moises serves as the CFO for Mountainview Capital and brings strategic connections to the Latin-American mining industry. Mr. Uribe obtained his B.Sc. from the University of British Columbia.
Moises Uribe replaces Richard Schnoor who remains the Company's Director of International Operations, allowing Mr. Schnoor to focus exclusively on the completion of the pending Picha property acquisition as announced on April 11, 2011.
In connection with the appointment, the Company has granted 125,000 stock options to Mr. Uribe at a price of $0.10 for a period of five years.
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.
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.
please contact the office at 604-638-7363 or visit www.networkexploration.com.