SUN VALLEY, IDAHO--(Marketwired - Nov. 24, 2015) - Sun Valley Gold LLC ("Sun Valley") announced today that it has acquired control and direction over an aggregate of 734,000 common shares ("Common Shares") of Exeter Resource Corp. ("Exeter") on behalf of client accounts over which it has discretionary trading authority. The Common Shares were acquired on the open market on November 24, 2015 for a purchase price of US$0.295 per share. Following completion of the acquisition described above, Sun Valley exercises control and direction over an aggregate of 9,568,000 Common Shares for and on behalf of client accounts, representing approximately 10.82% 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.

FOR FURTHER INFORMATION, OR TO OBTAIN A COPY OF THE EARLY WARNING REPORT FILED BY SUN VALLEY UNDER APPLICABLE SECURITIES LEGISLATION, PLEASE SEE THE CONTACT INFORMATION BELOW.