Exeter Resource Corporation

Exeter Resource Corporation

March 04, 2005 04:00 ET

Exeter Appoints Vice President-Development and Operations


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: EXETER RESOURCE CORPORATION

TSX VENTURE SYMBOL: XRC
FRANKFURT SYMBOL: EXB

MARCH 4, 2005 - 04:00 ET

Exeter Appoints Vice President-Development and
Operations

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 4, 2005) - Exeter
Resource Corporation (TSX VENTURE:XRC)(FWB:EXB) announces that it has
appointed Mr. Jerry Perkins as Vice President - Development and
Operations. The appointment is to support Exeter's increasing focus on
mine development at La Cabeza, and the assessment of advanced projects
as they arise.

Mr. Perkins is a Chemical Engineer with 35 years experience in the
mining industry. He was previously General Manager, Mining for Delta
Gold a very successful multi-mine gold producer in Australia. He has
also held the position of General Manager - Base Metals for Savage
Resources, an Australian base metal miner. His experience extends to
conducting project feasibility studies leading to mine development. Over
the past 12 months Mr. Perkins has been working as a metallurgical
consultant to La Cabeza, including on-site investigations.

Chairman Yale Simpson said "Exeter will make a series of executive
appointments over the coming months as our La Cabeza project advances
towards mine development. Mr. Perkins is well respected in the mining
industry and brings to Exeter the necessary expertise to develop La
Cabeza and other opportunities that are presented to the Company."

About Exeter

Exeter is a Canadian company exploring epithermal gold-silver and
porphyry copper-gold projects in Argentina. Exploration at Exeter's most
advanced project, La Cabeza, in Mendoza Province, has delineated an
inferred resource of 720,000 ounces of gold, comprising 12.0 million
tonnes grading 1.8 g/t gold, at a cut-off grade of 0.5 g/t gold.
Completion of the field program for the pre-feasibility study has
enabled reconnaissance drilling on new targets to commence.

On February 24, 2005 Exeter announced a significant gold discovery at
Cerro Puntudo in Patagonia. Follow up diamond drilling is scheduled. Two
additional gold projects under option from CVSA (an AngloGold Ashanti
subsidiary) are advancing to the drilling stage.

You are invited to visit the Exeter web site at www.exeterresource.com.

EXETER RESOURCE CORPORATION

Yale Simpson, Chairman

Bryce Roxburgh, B.Sc., Exeter's President and a "qualified person"
within the definition of the term in the National 43-101 standards of
disclosure for minerals project, has supervised the preparation of the
technical information contained herein.


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Exeter Resource Corporation
    Yale Simpson
    Chairman
    (604) 688-9592 or Toll Free: 1-888-688-9592
    (604) 688-9532 (FAX)
    or
    Exeter Resource Corporation
    Rob Grey
    Investor Relations
    (604) 688-9592 or Toll Free: 1-888-688-9592
    (604) 688-9532 (FAX)
    exeter@exeterresource.com
    www.exeterresource.com
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this news release.