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Network Exploration to acquire 1,200 ha by Caldera

Network Exploration Ltd (C:NET)
Shares Issued 11,209,909
Last Close NET.H 11/22/2006 $0.155
Thursday November 23 2006 - News Release

Mr. Alexander Helmel reports

NETWORK EXPANDS LAND POSITION AT CALDERA

Further to its news in Stockwatch on Nov. 9, 2006, that only 1,522
hectares
in mineral claims are included under the terms of the Caldera property
agreement, and as advised by the company's senior geologist Marco
Fernandez-Concha, Network Exploration Ltd. is in the process of
acquiring an
additional 1,200 hectares of adjacent mineral concessions to bring the
total
area included under the Caldera property agreement to approximately
2,700
hectares. In 1994-1995, Noranda Exploration optioned the Caldera
property
from its current owners and performed a series of exploration programs
on
the property. The data reviewed by the company include IP surveys which
cover area within and adjacent to the property boundaries. After
detailed
geological review by the company's senior geologist Mr.
Fernandez-Concha --
a former geologist with Noranda Inc. and with Teck Peru -- the Company
feels
that the geological characteristics of the adjacent property are an
important part of the Caldera property package and accordingly, has
made
arrangements to acquire these concessions. Upon completion, the
additional
concessions will be included as part of the mineral concessions
outlined in
the Caldera property option agreement.

C 2006 Canjex Publishing Ltd.