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VANCOUVER, March 14 Network Exploration Ltd. (the "Company") (TSX.V: NET) is pleased to announce the results of the first four drill holes on the Caldera Project located in Chile.

Highlights of the first four holes include:

- CA08-RC3 intersected 72.0 meters of 0.20% Cu, 0.124 g/t Au and 0.012% Mo including 35.0 meters averaging 0.26% Cu, 0.100 g/t Au and 0.011% Mo and an additional 24.0 meters averaging 0.19% Cu, 0.206 g/t Au and 0.019% Mo;

- CA08-RC4 intersected 171.0 meters (the entire hole) averaging 0.23% Cu, 0.070 g/t Au and 0.006% Mo including 36.0 meters averaging 0.52% Cu, 0.120 g/t Au and 0.007% Mo.

"These are exciting results for the first holes of our program as they are consistent with our theory of Caldera being a copper-gold-molybdenum porphyry system," says Director of International Operations Mr. Richard Schnoor. "Chilean geology hosts some of the world's largest copper porphyry systems with unsurprisingly, some of the world's largest open pit copper mines."

The Caldera project is located in the mineral rich Huasco Province, in the Atacama Region (region III) of Chile. The property is approximately 150 kilometers northeast of the city of La Serena and consists of 17 mineral concessions covering 2400 hectares at elevations between 2500 and 2800 meters.

This first phase drill program at Caldera has now been completed and includes a total of 1344 meters in nine reverse circulation drill holes. Holes were originally targeted to depths of 250 meters but as rock conditions tested the depth capabilities of the drill (which was not capable of drilling angled holes) the company decided to drill three more holes than originally planned to complete the contracted footage.

CA08-RC1 was targeted to test a moderate geochemical and induced polarization anomaly on the west side of the property. Moderately to strongly altered granodiorite with several zones containing weak pyrite and minor chalcopyrite were intersected. There are several thin zones with copper values between 0.1 and 0.2% copper but none of substantial thickness.

CA08-RC2 was drilled 350 meters southeast of CA08-RC1 on the same geochemical and geophysical anomaly and intersected similar rocks with one section of more concentrated values.

CA08-RC3 and CA08-RC4 are located in an area of relatively low chargeability, moderately strong copper geochemical results and good alteration north and west of the stronger induced polarization anomaly. Both intersected significant sections of copper and gold mineralization and hole CA08-RC3 returned the most significant molybdenum results from the property to date. Hole CA08-RC4 returned continuous values of copper greater than 0.1% from surface to the end of the hole at 171.0 meters with a 36 meter section that assayed 0.52% copper.

The first four holes for which assays have been received were all drilled in the northwest corner of the property. Of the remaining five holes, three tested the eastern portion of the 3.5 kilometer long strong induced polarization anomaly and reportedly intersected thick sections of high concentrations of sulphides and two tested surface geochemical anomalies in highly altered rocks in the northwest parts of the property.

Samples were taken at three meter intervals throughout all holes, bagged in tamper proof bags and delivered by company personnel to the ALS Chemex laboratory in La Serena, Chile where they were assayed utilizing the Au plus 41 element ICP package.

For a map showing the distribution of drill holes at Caldera, please visit the following link: http://www.networkexploration.com/ca...drillholes.pdf

The field program is managed by Senor Marco Fernandez Concha, an experienced South American geologist. This press release has been approved by Ken Thorsen, a director of the company and the company's Qualified Person.

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: Network Exploration Ltd..

For further information: Cristina Bittante, Corporate Communications, (604) 638-7363