Exeter Resource Corporation : Exeter Appoints Wendell Zerb as President and CEO Bryce Roxburgh transitions to Co-Chairman with

Exeter Resource Corporation : Exeter Appoints Wendell Zerb as President and CEO 
Bryce Roxburgh transitions to Co-Chairman with Yale
Simpson 
VANCOUVER, BC -- (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
contacts, 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
www.exeterresource.com. 
EXETER RESOURCE CORPORATION 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  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. 
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 
This announcement is distributed by Thomson Reuters on
behalf of Thomson Reuters clients. The owner of this announcement
warrants that: 
(i) the releases contained herein are protected by copyright and    
other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and     
originality of the information contained therein. 
Source: Exeter Resource Corporation via Thomson Reuters ONE 
[HUG#1681888] 
For further information, please contact:
Wendell Zerb, President and CEO
or Rob Grey, VP Corporate Communications
Tel: 604.688.9592
Fax: 604.688.9532
Toll-free: 1.888.688.9592 
Suite 1660, 999 West Hastings St.
Vancouver, BC Canada  V6C 2W2
exeter@exeterresource.com
 
 
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