Exeter Resource Corporation Announces Granting of Stock

Exeter Resource Corporation Announces Granting of Stock Options 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/16/12 -- Exeter
Resource Corporation (NYSE MKT:XRA)(NYSE
Amex:XRA)(TSX:XRC)(FRANKFURT:EXB) - ("Exeter" or the "Company")
reports that it has granted an aggregate of 3,480,000 stock options
to six directors, two of which are officers and three officers of the
company exercisable at a price of $1.31 for five years. 
About Exeter  
Exeter is a Canadian mineral exploration company focused on the
exploration and development of the Caspiche project in Chile. The
project is situated in the Maricunga gold district, between the
Maricunga mine (Kinross Gold Corp.) and the Cerro Casale gold-copper
deposit (Barrick Gold Corp. and Kinross Gold Corp.). 
The Caspiche discovery represents one of the largest mineral
discoveries made in Chile in recent years. Exeter has completed
pre-feasibility studies that demonstrate the potential for
commercializing this world class discovery. The Company currently has
cash reserves of CDN $56 million and no debt. 
You are invited to visit the Exeter web site at
Bryce Roxburgh, President and CEO 
Safe Harbour Statement - This news release contains "forward-looking
information" and "forward-looking statements" (together, the
"forward-looking statements") within the meaning of applicable
securities laws and the United States Private Securities Litigation
Reform Act of 1995, including in relation to the Company's belief as
to the extent and timing of its drilling programs, various studies
including pre-feasibility studies, engineering, environmental,
infrastructure and other studies, and exploration results, budgets
for its exploration programs, the potential tonnage, grades and
content of deposits, timing, establishment and extent of resources
estimates, potential for financing its activities, potential
production from and viability of its properties, availability of
water, power, surface rights and other resources, permitting
submission and timing and expected cash reserves. These
forward-looking statements are made as of the date of this news
release. Readers are cautioned not to place undue reliance on
forward-looking statements, as there can be no
 assurance that the
future circumstances, outcomes or results anticipated in or implied
by such forward-looking statements will occur or that plans,
intentions or expectations upon which the forward-looking statements
are based will occur. While the Company has based these
forward-looking statements on its expectations about future events as
at the date that such statements were prepared, the statements are
not a guarantee that such future events will occur and are subject to
risks, uncertainties, assumptions and other factors which could cause
events or outcomes to differ materially from those expressed or
implied by such forward-looking statements. Such factors and
assumptions include, among others, the effects of general economic
conditions, the price of gold, silver and copper, changing foreign
exchange rates and actions by government authorities, uncertainties
associated with negotiations and misjudgments in the course of
preparing forward-looking information. In addition, there are known
and unknown risk factors which could cause the Company's actual
results, performance or achievements to differ materially from any
future results, performance or achievements expressed or implied by
the forward-looking statements.  
Known risk factors include risks associated with project development;
including risks associated with the failure to satisfy the
requirements of the Company's agreement with Anglo American on its
Caspiche project which could result in loss of title; the need for
additional financing; operational risks associated with mining and
mineral processing; fluctuations in metal prices; title matters;
uncertainties and risks related to carrying on business in foreign
countries; environmental liability claims and insurance; reliance on
key personnel; the potential for conflicts of interest among certain
officers, directors or promoters of the Company with certain other
projects; the absence of dividends; currency fluctuations;
competition; dilution; the volatility of the Company's common share
price and volume; tax consequences to U.S. investors; and other risks
and uncertainties, including those described in the Company's Annual
Information Form for the financial year ended December 31, 2011 dated
March 30, 2012 filed with the Canadian Securities Administrators and
available at www.sedar.com. Although the Company has attempted to
identify important factors that could cause actual actions, events or
results to differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events or
results not to be as anticipated, estimated or intended. There can be
no assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward-looking statements. The
Company is under no obligation to update or alter any forward-looking
statements except as required under applicable securities laws. 
Cautionary Note to United States Investors - The information
contained herein and incorporated by reference herein has been
prepared in accordance with the requirements of Canadian securities
laws, which differ from the requirements of United States securities
laws. In particular, the term "resource" does not equate to the term
"reserve". The Securities Exchange Commission's (the "SEC")
disclosure standards normally do not permit the inclusion of
information concerning "measured mineral resources", "indicated
mineral resources" or "inferred mineral resources" or other
descriptions of the amount of mineralization in mineral deposits that
do not constitute "reserves" by U.S. standards, unless such
information is required to be disclosed by the law of the Company's
jurisdiction of incorporation or of a jurisdiction in which its
securities are traded. U.S. investors should also understand that
"inferred mineral resources" have a great amount of uncertainty as to
their existence and great uncertainty as to their economic and legal
feasibility. Disclosure of "contained ounces" is permitted disclosure
under Canadian regulations; however, the SEC normally only permits
issuers to report mineralization that does not constitute "reserves"
by SEC standards as in place tonnage and grade without reference to
unit measures.   
Exeter Resource Corporation
B. Roxburgh
604.688.9592 or Toll-free: 1.888.688.9592 
Exeter Resource Corporation
Rob Grey
VP Corporate Communications
604.688.9592 or Toll-free: 1.888.688.9592 
Exeter Resource Corporation
Suite 1660, 999 West Hastings St.
Vancouver, BC Canada  V6C 2W2
604.688.9532 (FAX)
Press spacebar to pause and continue. Press esc to stop.