Exeter Resource Corporation

Exeter Resource Corporation is a Canadian public company listed on the TSX and NYSE Amex exchanges under the symbols XRC & XRA. The company's focus is the discovery, evaluation and development of gold deposits in the Maricunga district in Chile. In September, 2010 the Company announced an updated resource on its giant gold-copper Caspiche porphyry project in the Maricunga district in northern Chile, which showed: MEASURED AND INDICATED RESOURCES: 21.3 m. ounces of gold, 5.3 billion pounds of copper and 48.4 m. ounces of silver+ INFERRED RESOURCES: 5.1 m. ounces of gold, 1.4 billion pounds of copper and 14.5 m. ounces of silver The new gold equivalent endowment of Caspiche using only gold and copper now stands at: INDICATED RESOURCES: 35.9 million gold equivalent ounces + INFERRED RESOURCES*: 9.1 million gold equivalent ounces. The measured and indicated resource is 1316 Mt (million metric tons) at a grade of 0.50 g/t gold (grams per metric ton) and 1.14 g/t silver including 1217 Mt at a grade of 0.18% copper. The additional inferred resource is 458 Mt at a grade of 0.35 g/t gold and 0.98 g/t silver, and includes 449 Mt at a grade of 0.15% copper.