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EXETER TO PRESENT AT AGORACOM ONLINE GOLD AND COMMODITIES CONFERENCE – DECEMBER 3, 2009
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EXETER TO PRESENT AT AGORACOM ONLINE GOLD AND COMMODITIES
CONFERENCE – DECEMBER 3, 2009
Vancouver, B.C., November 30, 2009 – Exeter Resource Corporation
(AMEX:XRA, TSX:XRC), is pleased to announce that Yale Simpson,
Executive Chairman will present at the inaugural AGORACOM on
December 3rd and 4th, 2009.
EXETER extends an invitation to shareholders and investors to
view our presentation and attend this event.
The online nature
of the conference will allow investors to connect with small and
mid-cap resource companies faster, better and cheaper thanks to
the elimination of all travel, lodging and time away from work.
AGORACOM anticipates investors from more than 50 countries will
participate.
CONFERENCE DETAILS
WHERE: Online – http://agoracom.com/conferences
WHEN: December 3rd and 4th, 2009
EXETER PRESENTATION: Thursday, December 3rd at 1:30 EST
REGISTRATION: Investors Register for free
using form in right hand column of any page
FORMAT: A 15-minute presentation followed by live Q&A in
monitored HUB
TECH REQUIRED: Your web browser
KEYNOTE SPEAKERS
Keynote presenters at the conference include some of the most
accomplished industry speakers and financial bloggers in the
world:
Peter Grandich - Chief Commentator, AGORACOM.com
Eric Coffin - Co-Producer of The
Hard Rock Analyst Publications
Barry Ritholtz - Author Of The Big Picture
Rated The Webs #1 Financial
Blog Paul Kedrosky - Author Of Infectious Greed
Rated The Webs #2 Financial Blog
Jean-Francois Tardif - 2007 Best Canadian Hedge Fund Manager
Gregor Macdonald - The Top Ranked Energy Analyst On StockTwits
Blog Network
Official Conference Blog:
Official Conference Twitter:
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.
The Company has C$74 million
in its treasury.
On the Caspiche Project in Chile, Exeter recently announced an
inferred mineral resource estimate of 1,117 Mt (million metric
tons) at a grade of 0.55 grams per metric ton gold and 1.12
grams per metric ton silver, including 1,017 Mt at a grade of 0
.22% copper.
This equates to in-situ inferred resources of 19.6
million ounces of gold, 40 million ounces of silver and 4.84
billion pounds of copper (a total of 32.4 million gold
equivalent ounces*.
Drilling with 6 rigs is underway to expand
and upgrade the resource estimate.
On the Cerro Moro Project in Argentina, Exeter recently announced
an initial inferred mineral resource estimate of 646,000 ounces
gold equivalent** at a grade of 18 g/t gold equivalent**.
The
Company has drilled over 200 infill holes on the Escondida vein
structure, principally to upgrade the sectors of the inferred
resource that might be scheduled for early mining.
Drilling with
4 rigs to expand the deposit is underway and will continue into
2010.
Engineering, environmental and infrastructure studies are
being advanced ahead of a scoping study in 2010.
Matthew Williams, Exeters Exploration Manager and Justin Tolman,
Exeters Caspiche Project Manager both considered a "qualified
person" within the definition of that term in National
Instrument 43-101, Standards of Disclosure for Mineral Projects,
has supervised the preparation of the technical information
contained in this shareholder communication.
You are invited to visit the Exeter web site at www
.exeterresource.com
*Gold ("Au") equivalence for copper ("Cu") and silver ("Ag") was
calculated by Exeter using assumed metal prices of US$800/ounce
("oz") for Au, US$12/oz for Ag and US$2/pound ("lb") for Cu.
The
formula to calculate Au equivalence for Cu was pounds of Cu
multiplied by 2 and divided by 800; Au equivalence for Ag was
calculated using the formula oz of Ag multiplied by 12 and
divided by 800, and in both cases assumes 100% recovery.
Reported grades and metric tons have been rounded (see news
release NR 9-22 dated October 20, 2009).
**Inferred mineral resource estimate of 1,098 Mt containing 371
,000 ounces gold at a grade of 10.5 g/t and 19.2 million ounces
silver at a grade of 545 g/t for 646,000 ounces gold equivalent
at a grade of 18 g/t gold equivalent.
Gold equivalent is
calculated by dividing the silver assay result by 70, adding it
to the gold value and assuming 100% metallurgical recovery (see
news release NR 9-14 dated July 8, 2009).
Robert Grey
Vice President – Corporate Communications
For further information, please contact:
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
[]
Safe Harbour Statement – This shareholder communication 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 shareholder communication.
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 Companys 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
Companys 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 Companys common share price and
volume; tax consequences to U.S.
investors; and other risks and
uncertainties, including those described in the Companys 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 SHAREHOLDER
COMMUNICATION.
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