Mr. Wendell Zerb reports

EXETER ANNOUNCES GRANT OF STOCK OPTIONS

Exeter Resource Corp. has granted an aggregate of 1.75 million stock options to two officers of the company exercisable at a price of 54 cents for five years. The grant of stock options, which will vest fully over two years, follows an initiative to reduce corporate overhead, including remuneration payable to directors and officers by 30 per cent.

We seek Safe Harbor.