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Enter Symbol
or Name
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CA



Exeter Resource Corp
Symbol XRC
Shares Issued 88,660,253
Close 2017-01-31 C$ 1.29
Market Cap C$ 114,371,726
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Exeter Resource appoints Smith technical adviser

2017-02-01 09:55 ET - News Release

Mr. Wendell Zerb reports

EXETER APPOINTS MR. MARK E. SMITH AS SENIOR TECHNICAL ADVISOR

Exeter Resource Corp. has appointed Mark E. Smith, MSc, PE, PEng, as senior technical adviser. Mr. Smith will take a leadership role in advancing the Caspiche gold-copper project through advanced engineering studies.

Mr. Smith has been involved in the design, construction, operations and closure of heap leach and tailings management facilities for 35 years. Many of the design standards used in modern heap leaching and tailings disposal were developed by Mr. Smith or his team. He has authored and co-authored over 30 technical papers and contributed to various publications and texts in the fields of heap leaching, tailings management, sustainable development, containment systems and closure.

Most recently Mr. Smith was senior reviewer and heap leach design co-ordinator on the definitive feasibility study for Kaminak Gold's (now Goldcorp's) Coffee gold project, Yukon.

Importantly, Mr. Smith has extensive experience in the Maricunga region of Chile through his involvement on Refugio (now the Maricunga mine), Marte Lobo and Cerro Casale. He also worked on Relincho and other heap leach projects in the country.

Mr. Smith was the founder of Vector Engineering Inc., a 500-person engineering firm specializing in tailings and heap leach engineering with offices in seven countries and working around the world. He lived in South America for 10 years, directing services in Chile, Peru, Argentina, Colombia, Mexico and Brazil. Mr. Smith's involvement with numerous international projects includes work for every major mining company. Several notable South American projects include: Barrick Gold Corp. (Veladero, Pierina and Lagunas Norte), Newmont Gold (Yanacocha), BHP Billiton (Cerro Colorado and Escondida, Tintaya, Cerro Matoso), Rio Tinto (La Granja), Vale (Cristalino, Area 118 and Piaui), Xstrata (Tintaya), Groupo Mexico (Southern Peru), Freeport (Cerro Verde) and Tahoe Resources (La Arena and Shahuindo).

"We are very pleased to have Mark join the Exeter team and to guide the advancement of our first stage, heap leach gold option at Caspiche," stated Wendell Zerb, Exeter's president and chief executive officer.

"Caspiche is one of very few large oxide gold, gold-copper projects with scalable mining options. Under Mark's guidance we will move to develop the 1.7-million-ounce oxide gold zone, which we believe will then lead to advancing mining options on the large gold-copper sulphide deposit.

"With Mark's 35 years of unparalleled experience in heap leach mine building and project management in South America, he is extremely well qualified to guide Exeter's development of Caspiche."

Stock option grant

The company further announces that it has granted 150,000 incentive stock options to Mr. Smith. The options vest immediately and are exercisable for a period of two years from the date of grant at an exercise price of $1.26 per common share.

About Exeter

Exeter 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 and Kinross Gold). The discovery represents one of the largest known mineral discoveries made in Chile in recent years. On Dec. 19, 2014, Exeter announced the filing of an amended National Instrument 43-101 technical report on the Caspiche project.

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