Exeter announces equity financing

VANCOUVER, Nov. 9 /PRNewswire-FirstCall/ - Exeter Resource Corporation
(AMEX:XRA, TSX:XRC, Frankfurt: EXB or the "Company") is pleased to announce
that it has filed a preliminary short form prospectus in connection with an
overnight marketed public offering of the common shares of the Company
("Common Shares") in Canada and a concurrent private placement to persons
within the United States and to, or for the account or benefit of, U.S.
persons (as such terms are defined in Regulation S under the U.S. Securities
Act of 1933, as amended (the "1933 Act")) that are institutional accredited
investors (the "Offering"). The Offering will be conducted through a syndicate
of underwriters (the "Underwriters"). The Company has granted the Underwriters
an over-allotment option to purchase up to that number of additional Common
Shares equal to 15% of the Common Shares sold pursuant to the Offering,
exercisable at any time up to 30 days from the closing of the Offering.
The Offering will be priced in the context of the market with final terms of
the Offering to be determined at the time of pricing. The Company intends to
use the net proceeds of the Offering for exploration and development of the
Company's properties in Argentina and Chile and for general corporate
purposes.
The Offering is scheduled to close on or about November 26, 2009 and is
subject to certain conditions including, but not limited to, the receipt of
all necessary approvals including the approval of the Toronto Stock Exchange
and the securities regulatory authorities.
This press release shall not constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any state
of the United States in which such offer, solicitation or sale would be
unlawful. The securities have not been registered under the 1933 Act, and may
not be offered or sold in the United States or to, or for the account or
benefit of, U.S. persons (as such terms are defined in Regulation S under the
1933 Act) absent registration or an applicable exemption from the registration
requirements.

About Exeter

Exeter Resource Corporation is a Canadian mineral exploration company focused
on the discovery and development of gold and silver properties in South
America.

EXETER RESOURCE CORPORATION

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 the
Company's belief as to the extent and timing of its drilling programs, various
studies including 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 and expected cash
reserves. These forward-looking statements are made as of the date of this
news release. Users of forward-looking statements are cautioned that actual
results may vary from the forward-looking statements contained herein. 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 of the Company's future performance and are
subject to risks, uncertainties, assumptions and other factors which could
cause actual results to differ materially from future results expressed or
implied by such forward-looking statements. Such factors and assumptions
include, amongst 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 legal proceedings and
negotiations and misjudgements in the course of preparing forward-looking
information. In addition, there are also 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; 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, 2008, dated March 27, 2009 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.

NEITHER THE TSX NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS
DEFINED IN THE POLICIES OF THE TSX EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE

SOURCE Exeter Resource Corporation

B. Roxburgh, President or Rob Grey, VP Corporate Communications, Tel: (604)
688-9592, Fax: (604) 688-9532, Toll-free: 1-888-688-9592, Suite 1260, 999 West
Hastings St., Vancouver, BC, Canada, V6C 2W2, exeter@exeterresource.com