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Exeter Resource: Press Release Dated September 12, 2015

The following excerpt is from the company's SEC filing.



For Immediate Release: NR 15-06

Exeter announces grant of stock options to employees and officers

Vancouver, B.C., September 12

, 2015 Exeter Resource Corporation (NYSE-MKT:XRA, TSX:XRC, Frankfurt:EXB – “Exeter” or the “Company”)

reports that it has granted an aggregate of 1,370,000 stock options to two officers of the Company and 1,320,000 stock options to employees exercisable at a price of $0.50 for five years. The grant of stock options, which will vest fully over two years, follows an initiative to reduce corporate overhead through personnel layoffs and remuneration payable to directors and officers by thirty percent.

About Exeter

Exeter Resource Corporation 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 deposit (Barrick Gold Corp. and Kinross Gold Corp.). The discovery represents one of the largest mineral discoveries made in Chile in recent years. On December 19, 2014, Exeter announced the filing of an Amended NI 43-101 Technical Report on the Caspiche Project (“2014 PEA”). See the Exeter web site or Sedar for the details regarding the 2014 PEA

The 2014 PEA was initiated with the aim of indicating the development optionality of this world class discovery. In June 2015 Exeter announced the completion of a water exploration program at Penas Blancas where it has completed six large diameter water bore holes with an aggregate flow rate exceeding 400 litres/ second. The securing of water required for potential project development is a corporate priority.

The Company currently has cash reserves of C$24 million and no debt.


Wendell Zerb, P. Geol

President and CEO

For further information, please contact:

Wendell Zerb, 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

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 potential significance of water discovered, the...