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EXETER REPORTS ON 25 NEW DRILL HOLES AT CERRO MORO

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Uploaded on Oct 12, 2009

Vancouver, B. C., October 13, 2009 Exeter Resource Corporation (AMEX:XRA, TSX-V:XRC, Frankfurt: EXB Exeter or the Company) is pleased to further report on progress from its in-fill drilling program on the high grade Escondida gold-silver vein at Cerro Moro in Santa Cruz Province, Argentina.

Results have been received from an additional 25 diamond drill holes from the Escondida West, Central, and Far West sectors. Of 21 drill holes returning significant results, 9 returned bonanza gold and silver grades, including drill hole MD601 with 4.36 metres (m) (14.3 feet) at 177.5 grams per tonne (g/t) (5.15 oz/ton) gold equivalent*.

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