Network Exploration Update
Tuesday, August 28th, 2007
Network Exploration Ltd. is pleased to provide an update on its mineral projects and plans for the upcoming season. Key activities will include drilling at the Company’s Caldera property in Chile, surface exploration at Pistala, and review of new acquisition opportunities in South America.
Caldera Project: The Company will commence its first phase drill program at its Caldera gold and copper project in Chile. Results from Network’s Phase II exploration program completed in May 2007 have outlined drill targets in both the copper zone and the newly discovered gold zone on the property. The company will be drilling holes to depths of 250m at locations designed to test each of these zone’s mineral concentrations.
Pistala Project: Senior geologist Mr. Marco Fernandez-Concha is currently outlining the Phase I exploration program for the Company’s Pistala copper project in southern Peru. Phase I exploration will consist of mapping, surveying, and surface sampling to establish targets for a more detailed trench and sampling program to follow. Network is expected to commence Phase I exploration in the fall of 2007.
New Opportunities: The Company is evaluating potential mineral exploration projects in South America, focusing on quality gold and copper projects with large scale potential. The Company hopes to add an additional project by the end of 2007.
Network Exploration has submitted all required documents to the TSX Venture Exchange for the purposes of Tier II graduation. The Company eagerly anticipates Tier II graduation so it can move forward with the recommended work program at Caldera, preliminary exploration at Pistala, and the acquisition of new and exciting mineral projects in South America.