VANCOUVER, Nov. 30 /CNW/ - Network Exploration Ltd. (the "Company") (TSX.V: NET) is pleased to announce that the Phase I Exploration Program at Pistala - the Company's Peruvian property - scheduled to commence December 4, 2008, has started ahead of schedule. Timing for Caldera's drill program is still being determined, as date negotiations with Chilean drillers continue.
"We are still waiting for the drillers to determine timing for Caldera's upcoming drill program. Due to the high demand for drilling outfits in South America, these discussions have been lengthy, however we expect a drill date to be announced soon," states Richard Schnoor, Director of International Operations. "The commencement of Pistala's Phase I exploration program is very exciting, as Network's Senior Geologist, Marco Fernandez-Concha, a 25-year veteran of exploration in South America, has identified Pistala as a possible copper porphyry target."
Mr. Fernandez-Concha, former Head Geologist of Latin America for Teck Exploration and South American Exploration Manager for Noranda, is leading the Exploration team at Pistala. Phase I exploration at Pistala is designed to provide a general understanding of the geological features at the 1600 hectare Peruvian property; results from this geological mapping and sampling program will be used for subsequent trenching, test pit, and drilling programs.
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, please contact Cristina Bittante, Corporate Communications, 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.
We seek Safe Harbor
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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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