Exeter Resource Corporation
FRANKFURT : EXB
TSX VENTURE : XRC
AMEX : XRA

Exeter Resource Corporation

April 09, 2007 13:00 ET

Exeter Participates in Annual Precious Metals Investor Conference in NY

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 9, 2007) - Exeter Resource Corporation (TSX VENTURE:XRC)(AMEX:XRA)(FRANKFURT:EXB) ("Exeter") announces its participation in the American Stock Exchange's Fourth Annual Precious and Base Metals Investor Conference to be held on Wednesday, April 11th and Thursday, April 12th, 2007 at the New York Marriott Financial Center. The conference will feature over 36 precious and base metals companies and will also be available as a webcast at:

http://www.investorcalendar.com/CEPage.asp?ID=115267.

Yale Simpson, Exeter's Chairman, will present at 3:40 pm on Thursday, April 12th. For a complete schedule, or to register to attend the conference, please contact Beth More of the Amex IR Alliance at (212) 896-1224 or bmore@kcsa.com.

About American Stock Exchange

The American Stock Exchange® (Amex®) is the only primary exchange that offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRSSM. In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 267 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks.

About Exeter

Exeter is a Canadian mineral exploration company focused on the discovery and development of gold-silver properties in South America.

The Don Sixto Gold-Silver Project in Argentina is rapidly advancing towards a decision on mine development options. A multi-rig drilling program to expand the known 890,000(i) ounce gold resource was recently completed. A new, independently determined, size calculation is scheduled for release in late May or early June, ahead of a Development Options Study, to establish the parameters necessary for feasibility and environmental studies.

In the prospective Patagonia region, of Argentina, Exeter is currently drilling the Cerro Moro gold-silver project, one of 12 gold and silver properties that constitute a strategic agreement with Cerro Vanguardia S.A., an AngloGold Ashanti subsidiary. Drilling will continue through 2007 to extend the high grade gold-silver intersections returned from the last two drilling phases.

In Chile, the Caspiche gold-silver discovery is the principal property of a strategic agreement with Minera Anglo American Chile Limitada and Empresa Minera Mantos Blancos S.A. Exeter recently completed a successful drilling program and has resumed drilling to extend the discovery.

In southern Chile, Exeter is prospecting 48 gold, silver and copper targets under a strategic agreement with Rio Tinto Mining and Exploration Limited.

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

EXETER RESOURCE CORPORATION

Yale R. Simpson, Executive Chairman

Safe Harbour Statement - This news release contains "forward-looking statements", within the meaning of the United States Private Securities Litigation Reform Act of 1995, including those referring to the timing of a new resources estimate for the Don Sixto Project and the results of exploration on the Cerro Moro and Caspiche gold properties. These statements reflect our current belief and are based upon currently available information. Actual results could differ materially from those described in this news release as a result of numerous factors, some of which are outside of the control of Exeter.

(i) The gold resource is based on a NI 43-101 compliant gold resource estimation comprised of an "indicated resource" of 390,000 ounces of gold (6.2 million tonnes at an average grade of 2.0 g/t gold) and an "inferred resource" of 500,000 ounces of gold (12.1 million tonnes at a grade of 1.3 g/t gold), at a cut-off grade of 0.5 g/t.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Exeter Resource Corporation
    Bryce Roxburgh
    President and CEO
    (604) 688-9592 or Toll Free: 1-888-688-9592
    or
    Exeter Resource Corporation
    Rob Grey
    VP Corporate Communications
    (604) 688-9592 or Toll Free: 1-888-688-9592
    (604) 688-9532 (FAX)
    Email: exeter@exeterresource.com
    Website: www.exeterresource.com