Mr. Wendell Zerb reports

EXETER FILES AMENDED TECHNICAL REPORT ON CASPICHE

As a result of a review by the British Columbia Securities Commission, further to Exeter Resource Corp.'s press releases dated May 6 and June 20, 2014, the company has filed an amended technical report prepared by Santiago-based engineering consultancies NCL Ingenieria y Construccion and Alquimia Conceptos SA, titled, "Amended NI 43-101 Technical Report on the Caspiche Project, Atacama Region, Chile," dated Dec. 19, 2014, with an effective date of April 30, 2014. This preliminary economic assessment report is available for review under the company's profile on SEDAR and will be posted on the company's website.

The company filed the PEA report to respond to items of non-compliance in the technical report dated June 20, 2014, identified by the British Columbia Securities Commission, as a result of a review of the company's technical disclosure.

In particular, items of non-compliance included the mineral reserves from a preliminary feasibility study filed in January, 2012, without including a current analysis, at prefeasibility level, to support such mineral reserves and did not provide sufficient discussion as required by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. As a result, the mineral reserves disclosed in the original report do not comply with the definitions of preliminary economic assessment and mineral reserves contained in NI 43-101. Consequently, all references to the PFS and mineral reserves have been removed from the PEA report. The company retracts the 2012 PFS and its mineral reserves, which are no longer current and valid, and advises that only the recently filed PEA report should be relied upon going forward.

The staged, lower capital expenditure, potential development options for Caspiche identified previously in the original report and the news releases remain unchanged in the PEA report.

The economic analysis contained in the PEA report is considered preliminary in nature. No inferred mineral resources form part of the PEA studies and no mineral reserves for the PEA have been established. Mineral resources are not mineral reserves and have no demonstrated economic viability. There is no certainty that economic forecasts outlined in the PEA will be realized. The PEA may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant factors.

Maria Leticia Conca Benito, mining engineer, Universidad de Chile, registered member of Chilean Mining Commission, of Alquimia Conceptos SA, a qualified person as defined in NI 43-101 and independent of Exeter, is responsible for preparing the information contained in this news release.

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