Exeter

Exeter

Wednesday, August 23rd 2006

Exeter is a technically-advanced, Canadian gold exploration company, focused on the discovery and development of epithermal gold-silver properties in Argentina and Chile.

Currently, four drills are operating at its advanced La Cabeza gold project as a key component of project development activities that include engineering, metallurgical, hydrological, and environmental studies.

In the prospective, Patagonia region of Argentina, Exeter has a strategic agreement with Cerro Vanguardia S.A. over 12 epithermal gold-silver properties in Santa Cruz, Rio Negro and Chubut provinces.

In Chile, Exeter is prospecting some 48 gold-silver and copper targets under a strategic agreement with Rio Tinto Mining and Exploration Limited.

In the Maricunga district of Chile, Exeter has a strategic agreement with Minera Anglo American Chile Limitada and Empresa Minera Mantos Blancos S.A. on the Caspiche epithermal gold property. Contacts: Exeter Resource Corporation Bryce Roxburgh President

(604) 688-9592 or Toll Free: 1-888-688-9592

Exeter Resource Corporation Rob Grey Investor Relations (604) 688-9592 or Toll Free: 1-888-688-9592 (604) 688-9532 (FAX) exeter@exeterresource.com

www.exeterresource.com

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