Network announces initiation of diamond drill program at Caldera

VANCOUVER, July 29 /CNW/ - Network Exploration Ltd. (the "Company") (TSX.V: NET) is pleased to announce that it has commenced a second-phase drill program at its Caldera property located in the mineral-rich Huasco Province of Chile. The program is designed to test 13 specific gold and/or copper targets delineated in prior work programs on the property.

 The diamond drilling program at Caldera is being supervised on site by Network's senior geologist, Marco Fernandez-Concha and will test the La Blanca mine area and it's recently discovered gold zones, several areas of exposed silica breccia known to host encouraging gold values, and numerous gold/copper targets at depths never previously achieved with reverse circulation drilling. The program is substantial, will test up to 3000 meters, and is expected to last 10-12 weeks.

"Our camp is mobilized and we are actively drilling again at Caldera," stated Director of International Operations Richard Schnoor. "This diamond drill program will concentrate on gold and copper targets outlined by previous programs and will hopefully reveal our resource potential," added Schnoor.

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