MARICUNGA (CASPICHE)

Exeter Resource Corporation reports that a new 20,000 metre (65,600 feet) drilling program on the company's Caspiche gold-copper Project has commenced. The purpose of the program is to define further value in the National Instrument 43-101 compliant inferred mineral resource of 19.6 million ounces gold and 4.8 billion pounds copper announced September 14, 2009.

Exeter Resource reported an updated National Instrument 43-101 compliant inferred mineral resource estimate for its Caspiche project in Chile of 1,117 Mt (million metric tons) at a grade of 0.55 g/t gold (grams per metric ton) and 3.81 g/t silver including 1,017 Mt at a grade of 0.22% copper. This equates to in-situ inferred resources of 19.6 million ounces of gold, 137 million ounces of silver and 4.84 billion pounds of copper (a total of 33.7 million gold equivalent ounces).

Exeter Resource Corporation report the final results from the 2008/2009 drill season at its Caspiche gold-copper property in Chile. CSD036a, the final deep diamond hole from the Caspiche central zone, returned an intercept of 783 metres (2,567 feet) at 0.65 grams per tonne (0.019 ounces per ton) gold and 0.21% copper from a down hole depth of 161 metres (528 feet).