EXETER RESOURCE CORPORATION

Exeter Resource Corporation reports that drill hole CSD039a has returned 876 metres (2,874 ft) at a grade of 0.75 g/t gold (0.022 oz/ton) and 0.29% copper, including a 582 metre (1,909 ft) section assaying 1.00 g/t gold (0.029 oz/ton) and 0.36% copper. This new drill hole tested the continuity of mineralization to depth below previous holes with shallower intercepts. The Caspiche gold-copper discovery is situated in the Maricunga gold district of Chile, between the Refugio mine (Kinross Gold Corp.) and the giant Cerro Casale gold deposit (Barrick Gold Corp. and Kinross Gold Corp.). Drilling has ceased for the southern winter. A second NI 43-101 compliant resources estimate is expected in September 2009.