Exeter Resource Corporation
NYSE Amex : XRA
TSX : XRC
FRANKFURT : EXB

Exeter Resource Corporation

July 28, 2011 20:30 ET

Exeter Resource Corporation Announces Refiling of Management's Discussion and Analysis to Provide Additional Disclosure

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 28, 2011) - Exeter Resource Corporation (NYSE Amex:XRA) (TSX:XRC) (FRANKFURT:EXB) ("Exeter" or the "Company") announces that it has refiled its management's discussion and analyses ("MD&A") for the three month period ended March 31, 2011.

The requirement to refile the MD&A arises as a result of the Company receiving comments from the British Columbia Securities Commission (the "BCSC") through their continuous disclosure review program. The principal amendments were clarifying within the "Summary of Financial Results" section the accounting principles that the financial data was prepared under, providing specified data derived from the financial statements, removing non-GAAP financial measures previously disclosed, and amending the disclosure within the "Forward Looking Statements" section to more clearly identify statements of forward-looking information contained in the MD&A. The MD&A has been refiled to comply with the securities regulations and improve the quality of disclosure the Company provides to shareholders and other investors.

The amendments do not affect the Company's cash position or ongoing exploration and business activities.

The refiled MD&A replaces and supersedes the previously filed MD&A dated June 9, 2011 and filed on SEDAR on June 14, 2011. Such previously filed MD&A should be disregarded.

The refiled MD&A can be reviewed on SEDAR at www.sedar.com.

EXETER RESOURCE CORPORATION

Bryce Roxburgh, President and CEO

NEITHER THE TSX NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Contact Information

  • Exeter Resource Corporation
    B. Roxburgh
    President
    604.688.9592 or Toll-free: 1.888.688.9592
    604.688.9532 (FAX)

    Exeter Resource Corporation
    Rob Grey
    VP Corporate Communications
    604.688.9592 or Toll-free: 1.888.688.9592
    604.688.9532 (FAX)

    Exeter Resource Corporation
    Suite 1660, 999 West Hastings St.
    Vancouver, BC Canada
    V6C 2W2
    exeter@exeterresource.com