Exeter Appoints Wendell Zerb as President and CEO

Exeter Appoints Wendell Zerb as President and CEO 
Bryce Roxburgh transitions to Co-Chairman with Yale Simpson 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/28/13 -- Exeter
Resource Corporation (NYSE MKT:XRA) (TSX:XRC) (FRANKFURT:EXB)
("Exeter" or the "Company") is pleased to announce the appointment of
Mr. Wendell Zerb as President and CEO of the Company. Mr. Bryce
Roxburgh will transition to the role of Co-Chairman, a position to be
shared with Mr. Yale Simpson. 
The Company is pleased to welcome Mr. Wendell Zerb in his role as
President and CEO. Mr. Zerb is well known in the minerals industry,
having 25 years combined experience in mining, mineral exploration
and capital markets/financial analysis. His tenure over the past 15
years within capital markets, has garnered him industry recognition
for his knowledge, understanding and analytical expertise in the
mining sector.  
Mr. Zerb obtained a Bachelor of Science Degree from the University of
Alberta in 1986/87 and is a registered Professional Geologist with
the Association of Professional Engineers and Geoscientists of
Alberta (APEGA). Mr. Zerb worked for 10 years as a gold and base
metals geologist in mineral exploration and mining. That experience
included senior roles in project generation and mining operations
(both open pit and underground).  
In 1996 Mr. Zerb joined an established Vancouver based Investment
Dealer (PI Financial) as a Mining Analyst. He advanced rapidly,
earning an appointment as Vice President of Research and
Institutional Sales, later to President and CEO of a wholly owned US
subsidiary. In March, 2005 he joined Canaccord Capital as a Senior
Mining Analyst, advancing to the position of Director, Research
Analyst, Metals and Mining (Canaccord Genuity Inc.). He resigned from
Canaccord in July, 2012.  
Mr. Yale Simpson, Exeter Co-Chairman stated, "I would like to welcome
Wendell to the Company in this very important leadership role.
Wendell has an impressive skill set that combines solid technical
capabilities with a strong knowledge of capital markets. He is
committed to continuing the advancement of our valuable Caspiche
gold-copper asset and to leading the exploration team as they
consider new opportunities. In particular, I believe that Wendell's
significant industry co
ntacts, worldwide project knowledge, and
market savvy will be very valuable in the years ahead."  
Mr. Bryce Roxburgh stated: "I look forward to my new role as
Co-Chairman of the Board. The role will allow me to continue my close
association with Exeter while Wendell brings new perspectives and
leadership to our team. Separately, Mr. Douglas Scheving has resigned
from the Board of Directors to take up retirement. On behalf of the
Exeter Board I would like to thank Douglas for his substantial
contributions dating back to 2003." 
About Exeter 
Exeter is a Canadian mineral exploration and development company. Its
principal focus is the advancement of its 100% owned Caspiche
gold-copper project in Chile. Caspiche is one of the largest
undeveloped gold-copper deposits in the America's and 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 Company continues to evaluate new
opportunities related to the advancement of Caspiche, and new
industry wide opportunities with the objective of securing
properties, which offer near term discovery potential.  
Exeter has completed pre-feasibility studies that demonstrate the
potential for commercializing Caspiche. The Company currently has
cash reserves of CAD$52 million and no debt. 
You are invited to visit the Exeter web site at
Wendell Zerb, P. Geol, 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, potential to acquire new projects 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 ec
onomic 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
Wendell Zerb
President and CEO
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
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