Exeter Resource Corporation Announces New Director and Officer Appointments

VANCOUVER, British Columbia, June26, 2017(GLOBE NEWSWIRE) -- EXETER RESOURCE CORPORATION (NYSE-MKT:XRA) (TSX:XRC) (Frankfurt:EXB) ("Exeter" or the "Company") announced today that, effective June 24, 2017 (the "Effective Date"), Messrs. John C. Simmons, Yale R. Simpson and Bryce Roxburgh resigned from its board of directors (the "Board"). Also on the Effective Date, Messrs. Jason Attew, Jamie Rogers and Ali Pejman, were appointed to fill the resulting vacancies, all in accordance with the amended and restated support agreement dated April 19, 2017 between the Company and Goldcorp Inc. ("Goldcorp"). Messrs. Julian Bavin and Robert Gordon Reynolds will remain on the Board. The Company also removed Messrs. Wendell M. Zerb, Cecil Bond, Jerry Perkins, Bryce Roxburgh and Yale R. Simpson in their capacities as officers of the Company. Accordingly, Messrs. Kim Hackney (Chief Executive Officer) and Jason Attew (Chief Financial Officer) have been appointed as officers of the Company. Exeter wishes to thank the departing directors and officers for their contributions to the Company.

About Exeter Resource Corporation:

Exeter is a Canadian mineral exploration company focused on the exploration and development of the Caspiche project in Chile. Caspiche is well located in Chile's Maricunga district, which has good infrastructure and is in close proximity to other large scale mining operations and projects in development.

About Goldcorp:

Goldcorp is a senior gold producer focused on responsible mining practices with safe, low-cost production from a high-quality portfolio of mines. For further information about Goldcorp, please visit their website at www.goldcorp.com.

On behalf of Exeter Resource Corporation

Jason Attew

Director and Chief Financial Officer

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For further information, please contact:
Etienne Morin
(800) 567-6223

2200 HSBC Building, 885 West Georgia Street,
Vancouver, BCV6C 3E8