Ms. Linda Kish reports

SUN VALLEY GOLD LLC: CONTROL AND DIRECTION OVER SECURITIES OF EXETER RESOURCE CORPORATION

Sun Valley Gold LLC has acquired control and direction over an aggregate of 57,118 common shares of Exeter Resource Corp. for and on behalf of client accounts over which it has discretionary trading authority. The common shares were acquired over the facilities of the American Stock Exchange for a purchase price of $1.1482 (U.S.) per share.

Following the acquisition, Sun Valley exercises control and direction over an aggregate of 11,363,361 common shares for and on behalf of client accounts. The 11,363,361 common shares over which Sun Valley exercises control and direction represent approximately 12.82 per cent of the issued and outstanding common shares.

The securities of Exeter were acquired for investment purposes. Sun Valley may increase or decrease its ownership of securities of Exeter depending upon future market conditions.