$$$ Exeter Resource - Der Run beginnt - Target MC 250 Mio $$$ - 500 Beiträge pro Seite

[[KERN]Codex]

Hallo liebe Gemeinde


Exeter ist aussichtsreicher als je zuvor, ich habe mir welche zu 1,45€ in ffm reingelegt, denn in Kürze stehen einige News an! -2006 wird Erntejahr-


Ein kleiner Überlick:

×20.3 million shares issued and 28.1 million fully diluted

×about $2 million working capital

×a share structure divided 25% insiders and 25% institutions

×an advanced gold exploration project in Argentina

×and a backup plan in the form of multiple early stage projects in southern Chile and Argentina acquired from Rio Tinto and AngloGold who retain back-in rights

×recent drill results, however, suggest that the geological model behind a dream target that doubles or triples the current 890,000 ounce gold resource has a good chance of becoming reality


Review 2005

Dear Shareholder,

Exeter finished 2005 strongly, supported by excellent exploration results, a gold price above $500/ounce, and the closing of a $7.7 million financing. Our success was reflected in our market capitalization, which increased during the year from $21.4 million to $50.1 million. Success was also measured for our shareholders by our share price, which reached all-time highs by year end.

In Argentina, Exeter’s 100%-controlled La Cabeza epithermal gold deposit continued to increase in size. The gold resource at La Cabeza rose to 890,000* ounces in June, from an earlier estimate of 705,000 ounces. Immediately following this estimate, our exploration team, led in Argentina by Matt Williams, argued strongly that the potential open pit resources were closer to 2,000,000 ounces. That conviction, supported by the assessment of an independent structural geologist, led to the commencement in July of a $1.3 million resource-expansion drilling program. Success came early, and gold discoveries at several locations on the property have now been announced.

At year end, three rigs were actively drilling at La Cabeza to increase the indicated resources within the known ore zones, and to discover new zones of mineralization under shallow sand cover. In order to drill the sands, Exeter arranged to import a rotary air blast (RAB) drill from Australia.

Exeter’s engineering team, under the guidance of Jerry Perkins, completed a baseline environmental study and continued geotechnical, metallurgical and engineering design studies. These programs are establishing the development, financial, environmental and permitting criteria for a potential mine at La Cabeza. Key findings to date include low mining costs, high metallurgical recoveries and a conventional process flowsheet - all positive factors for the project. We continue to employ internationally-recognized consultants to review and assist us with these studies, in order to provide a bankable basis for a development decision.


On other projects, our option agreement with Cerro Vanguardia S.A. (a subsidiary of AngloGold Ashanti) provided a gold discovery at Cerro Puntudo, in the Patagonia region of Argentina. Two ore-grade zones of gold mineralization were discovered, with results sufficiently promising that more drilling is scheduled for 2006. Elsewhere, geophysical surveys were recently completed on the Cerro Moro gold property and interpretations are in progress. Preliminary results indicate that drilling will likely be recommended. On the new Verde silver project, surface sampling data is being merged with geophysical data to generate targets to drill in 2006.

Our option agreement with Rio Tinto Mining and Exploration Limited, in the Cochrane, Patagonia region of southern Chile, led to our staking three epithermal gold properties (now reduced to two) in August 2005. Reconnaissance prospecting and sampling are currently underway.

Late in 2005, Exeter announced a strategic agreement with Anglo American Chile Limitada and Mantos Blancos S.A. in the Maricunga gold district of northern Chile. Seven properties are available to Exeter, four of which were previously drilled by Anglo American. We are now conducting field work to establish priorities for our own drilling programs.

Exeter’s three-year plan calls for it to be generating profits from a mine at La Cabeza, and to have second and third gold projects at the feasibility stage. We are optimistic that one of the properties now held under option from our strategic partners has the potential to become a mine.

From a broader perspective, we share the view that the present, four-year rally in gold is soundly based, and that the key factors behind it are long term. The demand for physical gold continues to increase ahead of supply, particularly in Asia. Diminished confidence in the US dollar and the Euro is broadly based and economists see no “quick fixes”. As gold builds as a “safe haven currency”, we are confident that a very favorable investment climate for gold equities and for Exeter in particular, will be sustained.

Exeter will continue to look at a range of opportunities for growth to achieve our target market capitalization of $250 million. Our focus will continue to be South America, where we have developed a strong professional team dedicated to making major precious metals discoveries.

We thank our shareholders for their support in 2005. We are confident that 2006 will be another rewarding year.



Yale Simpson

Bryce Roxburgh

Chairman

President and CEO



* Inferred resource of 890,000 ounces of gold, comprising 18.3 million tonnes grading 1.5 g/t gold, at a cut-off grade of 0.5 g/t gold

Please visit our new web site at www.exeterresource.com


Exeter Resource Corporation


--------------------------------------------------------------

Vor ein paar Tagen war ein großer Artikel in der Eurams -folgendes schreibt Bullvestor daraufhin zu Exeter:



EXETER RESOURCE
Frankfurt WKN 893955
www.exeterresource.com

könnte sehr schnell in aller Munde sein, gab es doch gestern einen VIERSEITIGEN BERICHT über Exeter im Euro am Sonntag (EaS). Und Gold ist erneut auf neuem Hoch, bereits auf ca. 539,50 USD aktuell, ein neuer Rekord!!

Exeter verfügt über 50 (!!!) Projekte in Argentinien und Chile. Davon ist eines, La Cabeza, bereits weit fortgeschritten, rund 1 Mio. Feinunzen Gold konnten bereits nachgewiesen werden, jedoch will Unternehmenschef Bryce Roxburgh die Ressource auf schnellstem Wege verdoppeln, vielleicht sogar verdreifachen und dann schon mit einer jährlichen Produktionsrate von 100.000 Feinunzen Gold pro Jahr starten.

" Argentinien und Chile gehören zu den attraktivsten Gebieten für Explorations-Firmen. Neben Bodenschätzen lockt auch politische Stabilität." Euro am Sonntag (Zitate des Artikels zu Exeter im Euro am Sonntag nachfolgend mit " EaS" gekennzeichnet.)

Halten Sie sich diesen Satz vor Augen. Argentinien und Chile gehören zu den attraktivsten Plätzen der Erde in diesem Geschäft, denn die Gebiete dort sind unterexploriert. Warum? Weil die Minengiganten die Suche nach neuen Lagerstätten aufgrund des niedrigen Goldpreises in den 80er Jahren aufgegeben hatten.

HEUTE IST EXETER DER AKTIVSTE EXPLORER IN ARGENTINIEN! UND BARRICK GOLD HAT SCHON LUNTE GEROCHEN UND AUCH AKTIVITÄTEN GESTARTET.

Doch Exeter hat sich schon zur rechten Zeit einen Großteil der Gebiete gesichert. Wie gesagt, mit 50 Projekten ist Exeter wohl bestens positioniert, in den nächsten Jahren eine ganz wichtige Rolle zu spielen.

" Bis 2008 soll die Marktkapitalisierung des Unternehmens auf 250 Millionen Dollar anwachsen. Derzeit werden die Kanadier aber vom Markt gerade einmal mit 23 Millionen Dollar bewertet." (EaS)

VON 23 MIO. AUF 250 MIO. DOLLAR!
So soll es mit der Marktkapitalisierung laufen in den nächsten Jahren laufen. Das käme einer Verzehnfachung gleich! Eine solche Einschätzung wundert uns nicht, denn welches Explorationsunternehmen mit einer solchen Anzahl an Projekten in zwei Ländern, die zu den attraktivsten Explorationsländern der Erde zählen, steht so unterbewertet da?

" Die besten Argumente sind immer noch gute Bohrergebnisse. Und die haben die Bohrtrupps aus La Cabeza luat Henderson in den vergangenen Wochen geliefert und so für einen Kursanstieg gesorgt. Es scheint, als würden sich die Bohrköpfe in La Cabeza weiterdrehen." (EaS)

Wissen wer Henderson ist? Ian Henderson managt einen 600 Mio. Euro schweren Rohstofffonds für JP Morgan, den JPM-Global-Natural-Resources-Fonds. 40% des Fonds bestehen aus Exporationsunternehmen, so schreibt der EaS.

UND EINE POSITION VON JP MORGAN IST EXETER!
Und Sie sehen, auch Henderson bewertete die letzten Resultate von Exeter im Gespräch mit dem EaS positiv.

EXETER BALD IN ALLER MUNDE
Wir sind der Überzeugung, der Euro am Sonntag wird nicht der letzte sein, der auf diesen absolut unterbewerteten Wert aufmerksam werden wird. Der Autor des gestrigen Artikels verweist auf die Erfolge, welche mit Explorern möglich sind, so auch auf die 40.000% Performance, welche Diamond-Fields-Aktionäre nach einem spektakulären Nickelfund erzielen konnten. Wir sind der festen Überzeugung: Mit der Aktie von Exeter werden wir noch sehr viel Grund zur Freude haben!

Unsere Empfehlung: Strong Buy

Mit erfolgreichen Grüßen
Ihr Scott Stephan Veigl







Realtime-Chart:




Viel Spaß mit Exeter, die haben übrigens ein hervorragendes Management

[[KERN]Codex]

Und noch ein Artikel vom Dezember letzten Jahres:

Exeter Resources: Bis 2008 eine Goldmine!?

Der Goldpreis liegt auf einem 25-Jahres-Hoch. Die 500-Dollar-Marke wurde durchbrochen, und die meisten Experten gehen langfristig von einem noch weit höherem Goldpreis aus. Der kanadische Goldexplorer Exeter Resources (WKN 893955), ist eines der Unternehmen, die stark vom Anstieg des Goldpreises profitieren. Exeter ist derzeit in über 50 Gold- und Silberprojekten in Argentinien und Chile aktiv. Das westargentinische Projekt „La Cabeza“ gilt dabei als besonders aussichtsreich: Hier wurden bereits große Mengen des wertvollen Rohstoffes identifiziert. Das hat der Aktie auf ein neues Rekordhoch verholfen – innerhalb eines Monats zog das Papier um 50 Prozent auf aktuell 1,20 Euro an. Goldene Zeiten bei Exeter? „wallstreet:online“ im Interview mit CEO Bryce Roxburgh.


Herr Roxburg, Goldexplorer gibt es viele am Markt - die wenigsten sind erfolgreich. Nur zwei Prozent aller Goldexplorationen werden letztendlich zu Goldminen ausgebaut. Warum sind Sie sich so sicher, dass das westargentinische „La Cabeza“-Bohrprojekt von Exeter zu einer Goldmine wird?

Roxburgh: Durch unsere bisherigen Bohrungen und geologischen Studien haben wir in dem Gebiet insgesamt 890.000 Unzen Gold nachweisen können. Davon befinden sich 400.000 Unzen Gold im so genannten „High-Grade“-Bereich. Das heißt: Eine Tonne Gestein enthält mindestens drei Gramm Gold. Wir wollen dort eine Goldmine errichten, wenn wir sicher sind, dass unter der Erde insgesamt mindestens zwei Millionen Unzen Gold lagern und eine Million Unzen davon im „High Grade“-Bereich angesiedelt sind. Durch unsere letzten Untersuchungen haben wir festgestellt, dass die Goldadern länger sind als bisher vermutet. Derzeit unternehmen wir weitere Bohrungen, um den genauen Verlauf der Goldadern herauszufinden. Wir sind sehr optimistisch, dass wir unsere Ziele erreichen und bis 2008 eine Goldmine errichten werden.


Mit welchen Kosten rechnen Sie, um eine Unze Gold zu fördern, wenn „La Cabeza“ zu einer Goldmine ausgebaut wird.

Roxburgh: Nach unseren Berechnungen werden wir 200 US-Dollar ausgeben, um eine Unze Gold herzustellen. Bei dem aktuellen Goldpreis von über 500 US-Dollar bleibt also ein stattlicher Gewinn übrig. Einer der wichtigen Kostenfaktoren beim Betrieb einer Goldmine ist der Energiepreis. Da das Projekt weit entfernt von größeren Ortschaften liegt, planten wir ursprünglich, Dieselmotoren einzusetzen. Da der Ölpreis jedoch so stark gestiegen ist, mussten wir umdenken. Wir wollen daher eine 200 Kilometer lange Stromtrasse zu einem bestehenden Wasserkraftwerk bauen. Die Kosten belaufen sich dabei auf 5 Millionen US-Dollar. Die argentinischen Behörden haben bereits vertraglich zugesichert, die Leitungen später von uns abzukaufen.


Sie sprechen die Zusammenarbeit mit der Regierung an. Oft scheitern Goldminenprojekte an der Zustimmung lokaler Behörden. Wie kommen Sie mit den staatlichen Stellen klar?

Roxburgh: Durch den Bau der Stromleitung profitiert nicht nur unser Unternehmen, sondern die gesamte Region. Ein Beispiel: Nur wenige Kilometer vom „La Cabeza“-Projekt entfernt befindet sich ein Dorf mit 200 Einwohnern. Dort gibt es derzeit nur zwei Stunden Strom am Tag durch den Einsatz eines Dieselmotors. Die von uns geplante Leitung wird auch zu diesem Dorf führen. Dadurch erhalten die Menschen Zugang zum Stromnetz. Das Goldprojekt wird daher von den örtlichen Behörden begrüßt. Außerdem beschäftigen wir mehrere argentinische Geologen, die an der Universität des Bundesstaates ausgebildet wurden. Daher sind wir auch bei übergeordneten Stellen als Arbeitgeber geschätzt. Sie müssen sich die Region als sehr hügelig und trocken vorstellen. Der Osten Malagues ist eine sehr isolierte Region mit niedrigen Einkommen. Die Menschen leben meist von der Landwirtschaft. Diese Region möchte gerne aufholen. Wir sind deshalb als Arbeitgeber beliebt. An den Bohrungen sind derzeit 30 lokale Mitarbeiter beschäftigt. Kommt die Goldmine, dann werden mehr als 60 Menschen dort arbeiten. Wir planen die Stromleitung - all das sind Gründe, warum wir mit den Behörden sehr gut zusammenarbeiten. Sie hoffen, dass wir die Mine dort so schnell wie möglich errichten.


Wie sieht es mit den Bodenrechten aus? Könnten Sie eines Tages die Lizenz zur Goldförderung verlieren?

Roxburgh: Wir haben ein sehr gutes Verhältnis mit der Landbesitzerin. Vom Gold, das wir fördern, erhält sie jährlich eine Kommission in Höhe von 3,5 Prozent. Zudem haben wir mit ihr einen Vertrag abgeschlossen. Demnach können wir ihr jederzeit das Land für eine Million US-Dollar abkaufen. Wir sind durch diese Regelungen in einer sehr komfortablen Situation. Derzeit zahlen wir ihr die Kommission, da wir unsere finanziellen Mittel auf die Erforschung des Bodens konzentrieren. Später, wenn die Mine errichtet wird, werden wir ihr das Gebiet für eine Million US-Dollar abkaufen. Ich sehe die Landbesitzerin übrigens sehr häufig. Sie kocht für all unsere Mitarbeiter an den Bohrungen das Essen. Wenn ich mit Geologen aus Kanada das Projekt besuche, übernachten wir in ihrem Haus. Drei ihrer sieben Kinder arbeiten für uns. Das Verhältnis ist wirklich ausgezeichnet.


Ihr Unternehmen hat derzeit eine Marktkapitalisierung von 20 Millionen US-Dollar an der Börse. Ist der Wert gerechtfertigt?

Roxburgh: Ich glaube, die Aktie von Exeter ist im Vergleich zu unseren Mitbewerbern unterbewertet. Ein Beispiel: Explorationsunternehmen, die über ähnliche Goldvorkommen verfügen, sind an der Börse meist das Doppelte oder Dreifache wert. Hinzu kommt, dass wir durch unser „La Cabeza“-Projekt immer interessanter für größere Goldunternehmen werden. Denn wir haben in Malague bewiesen, dass wir das Know-how haben, um erfolgreich tätig zu sein. Schon jetzt sind wir strategische Allianzen mit AngloGold, Rio Tinto und Anglo American eingegangen. So sollen wir in Patagonien, im Süden Argentiniens, bei drei verschiedenen Projekten nach Gold suchen. Im zweiten Quartal nächsten Jahres beginnen wir mit unseren ersten Bohrungen. Darüber hinaus haben wir weitere Projekte in Lateinamerika. Wir hoffen, dass eins davon so erfolgreich sein wird, wird wie „La Cabeza“. Dann dürfte unsere Aktie für Anleger noch interessanter werden.

[GuenterNetzer]

Brilliante Zusammenfassung...

GN

[cultom4president]

Na das schaut man sich doch gerne einmal genauer an!

cultom

[[KERN]Codex]

In Kürze gibt es News

Wenn Exeter aus La Cabeza eine Mine macht und 100.000 Unzen im Jahr fördert -das ist zumindest das Ziel- ergibt sich bei einem Gewinn pro Unze von 300$ mehr als 1 Dollar Gewinn pro Aktie, Anglo Gold ist mit einem kgv von über 40 bewertet, wenn wir hier nur die Hälfte heranziehen und nur 50.000 Unzen im Jahr fördern ist der Kurs bei 10$ fair bewertet

[[KERN]Codex]

Anglogold, Goldfields und Randgold hoch bewertet

Die genannten Goldminen-Aktien haben gemeinsam, in einer recht vorteilhaften charttechnischen Lage zu sein. Anglo Gold und Anglo American befinden sich im langfristigen Aufwärtstrend und zeigen nach einem Absturz im April wieder Dynamik, wobei Anglogold auch den seit Dezember 2003 aufgebauten negativen Trend geknackt hat. Auch der Chart von Gold Fields weist seit einigen Wochen oben, die Aktie nagt zudem am Ausbruch aus dem seit Mitte 2002 geltenden Abwärtstrend.

Weniger vorteilhaft nimmt sich die Bewertung aus: Gold Fields, Randgold und Anglogold sind mit - auf der Konsensschätzung von Analysten beruhenden - Kurs-Gewinn-Verhältnissen von mehr als 30 hoch bewertet; Anglogold kommt sogar auf ein KGV von 40,1. Besser sieht es bei dem breit aufgestellten Konzern Anglo American aus, der mit 12,4 moderat bewertet ist und insofern am attraktivsten anmutet. Bei Gold Fields ist indes in Erinnerung zu rufen, daß der Konzern vor Wochen bei seiner Quartalsprognose mit sinkenden Goldpreisen und einem starken Rand rechnete - entsprechend mager ist die Prognose ausgefallen. Steigende Goldpreise und ein fallender Rand dürften dem Konzern aber mehr Geld als erwartet bescheren.

http://www.faz.net/s/RubF3F7C1F630AE4F8D8326AC2A80BDBBDE/Doc…


Das kgv von Anglo hat sich in den letzten Jahren auf unter 20 abgesenkt, die 40 waren aus 2004 und seitdem haben sie noch mehr Gewinne gemacht, da der Goldpreis stärker gestiegen ist als der Kurs der Anglo Aktie, d.h. ich die Rechnung muss etwas editiert werden:

100.000 * min 300$ Gewinn pro Unze / 27 Mio Aktien = 1,11$ Gewinn pro Aktie, gehen wir von einem kgv von 10 aus haben wir einen fairen Kurs von 11$ -und der Aktienmarkt dürfte dies schon vorweg nehmen-

[[KERN]Codex]

1,45€ ist da doch ein wahres Schnäppchen

[Sharp2000]

NICHTS LOS HIER

[Sharp2000]

WAS GEHT WIE KOMM ICH INDEN GROßen thread

[Sharp2000]

gehen wir heut auf 1,5

[Sharp2000]

warum 1,35

[Sharp2000]

schlusskurs doch 2$

[Sharp2000]

ODER IRRE ICH MICH DA

[Sharp2000]

BITTE UM ANTWORT

[Sharp2000]

8%UNTER PARI

[[KERN]Codex]

Freie Faahrt

Was müllst du denn den Thread so voll

Und wer sagt nun dem MOD Bescheid zum Aufräumen? Machst du das?

Exeter steht bei 2$ heisst 1,42€ BID

Alles andere ist geschenkt..

[Geschiedener]

Wann gibt es denn NEWS????

[ewre]

Schönen Abend,sehe es so:ohne baldige News gibt`s Nachkaufkurse unter 1 Euro,ciao,ewre

[[KERN]Codex]

geschiedener, ewre,

ich schätze 1 bis 2 Wochen, spätestens Mitte Februar.. da wird im Moment jeden Tag gesammelt in Kanada

Wieder auf 2$ geschlossen, macht 1,43€

[bloekendesschaf]

bin auch investiert. wie kommst du darauf, dass gesammelt wird?
danke...

[[KERN]Codex]

Der Kurs wird regelmääßig mit wenigen Stücken in beide Richtungen gedrückt..

[bloekendesschaf]

ich check nix...
echt nicht, bitte um kurze aufklärung. danke

[[KERN]Codex]

Guck Dir einfach die Times&Sales an in Kanada

[schneebe]

@[KERN]Codex

diese drückerei, ist ja schon fast so, wie bei primacom

[[KERN]Codex]

[justtom]

auf zu neuen Höhen

[[KERN]Codex]

[[KERN]Codex]

http://www.boersenspion.com/MP3/SIMPSON.mp3

Interview aus Jan 2005

[[KERN]Codex]

[[KERN]Codex]

die nächste Kerze kommt bestimmt:

[roemer63]

Sind hier denn alle
eingeschlafen???

[OnkelBraesig]

Exeter heute bereits um über 6% gestiegen.
Nachrichtenlos!
Könnte auf Frontrunning (neue Bullvestor-Empfehlung,
demnächst auf der Hotline) hindeuten.

Natürlich ohne Gewähr.

O.B.

[Chanda]

Nachricht siehe anderen Thread

[leon1707]

[posting]19.890.774 von OnkelBraesig am 26.01.06 14:05:56[/posting]news ist da !!!

[Navision]

Bin raus, 25 Prozent Minus reichen mir...Verlustbegrenzung war angesagt, habe wenig Hoffnung auf weitere steigende Kurse und keine Lust auf ständig fallende Kurse. Viel Glück allen die noch investiert sind

[Snowy58]

Ich glaube Du bist im falschen Moment rein und auch wieder raus.

[[KERN]Codex]

[roemer63]

Heute Anstieg von über 14 %.
Weiß jemand warum??

[Gerf]

würd mich auch brennend interessieren!

[roemer63]

Merkwürdig, oder kommen die News erst noch?
Und das ist der übliche Run davor...

[Blackrain]

[posting]20.185.499 von roemer63 am 13.02.06 18:45:34[/posting]mehr Käufer als Verkäufer!!!!

Ganz einfach

[Einstieg]

roemer63, Gerf, Blackrain,
schaut mal in den anderen Thread, dann wißt Ihr warum Exeter steigt.

[[KERN]Codex]

[roemer63]

[posting]20.186.196 von Einstieg am 13.02.06 19:22:27[/posting]??
Kann ich nichts aktuelles finden.
Ist ja lediglich vom 26.01.06.

[Einstieg]

Roemer63,
es handelt sich um eine Analystenempfehlung von Doug Casey vom 12./13.02.06

[LAGuenter]

[posting]20.192.312 von Einstieg am 14.02.06 09:03:56[/posting]Weiß jemand was Doug über Exeter schreibt ?

Guenter

[Blackrain]

[posting]20.192.491 von LAGuenter am 14.02.06 09:13:52[/posting]ACHTUNG!!!

IST DAS SCHON BEKANNT!!!

vom 13.02.2006 von der Homepage von Exeter!!!


http://www.exeterresource.com/pdf/dundee_060213.pdf

[DerToby]

[posting]20.197.207 von Blackrain am 14.02.06 13:31:23[/posting]http://www.exeterresource.com/pdf/dundee_060213.pdf


So ist es für alle leichter erreichbar ....

[LAGuenter]

[posting]20.199.574 von DerToby am 14.02.06 15:26:29[/posting]Das 12 Monats KZ liegt bei 2,30 can $ das ist aber nicht gerade berrauschend.


Guenter

[[KERN]Codex]

[DerToby]

[posting]20.200.858 von LAGuenter am 14.02.06 16:15:44[/posting]... dafür dann aber steuerfreie Gewinne (falls der Regierung nichts Schlimmeres einfällt )

[[KERN]Codex]

NEWS RELEASE
February 14, 2006 Symbols: TSX-Ven.CDU
AMEX.CDY
FSX.CR5

Cardero Advances Iron Sands Project, Peru
Iron Grade Consistent at Depth

Cardero Resource Corp. (the “Company” or “Cardero”) is pleased to announce the results of its initial surface and
borehole sampling program on its 100% owned, 32,000 hectare Iron (Fe) Sands Project located within the
Marcona Iron, Copper and Gold (IOCG) District in coastal southern Peru. Details of a conference call to be held
February 16th, 2006 can be found at the end of this release.
The Company’s medium to short-term strategy for the Iron Sands Project is to highlight a logistically easily
accessible area containing sufficient magnetite (iron) bearing sands to support a 20 to 30 year integrated mining
operation. Following this strategy, the Company has focussed its initial exploration work on the Pampa El Toro
area, with additional magnetite bearing areas within the Company’s large claim block to be examined in due
course.
The results from the initial surface magnetite sampling of the Pampa El Toro area have tentatively defined an
aggregate area of approximately 15 square kilometres (km2) containing 5 percent by weight (wt. %) or greater
magnetic mineral concentration. In detail, the magnetite bearing areas may be subdivided into two areas; referred
to as the Toro West and Toro South-East respectively.
The Toro West portion encompasses an area of up to roughly 11 km2 within which there is a higher grade area of
up to some 7 km2 containing an average of 7.5 wt. % magnetic minerals on surface. Within this higher grade
zone, individual sample results range from 6.2 to 9.9 wt. % magnetic minerals. The total width of this higher
grade zone is presently undefined, and an infill sampling program, presently in progress, is designed to define the
extent of this area.
On the basis of the preliminary sampling to date, the Toro South-East area encompasses approximately 4 km2, but
remains partially open to the south-east.
A total of 172 surface sand samples were collected from 135 sites in the Pampa El Toro area on a coarsely spaced,
1000 by 500 metre, staggered reconnaissance-scale sampling grid at pre-arranged coordinates to ensure that
sample site selection biases were eliminated. Quality control evaluation of the duplicate sample results indicates
that there is a high degree of homogeneity in the results.
Concurrently, and in tandem with the surface sample processing, it was decided to conduct a 13 borehole
percussion drilling program in December 2005, the aim of which was simply to gain information regarding potential
depth of the sand accumulations. Accordingly, the drilling was carried out on a widely spaced, nominal 2 kilometre grid.
Of the 13 boreholes collared, 12 intersected in excess of 100 metres of sand. All boreholes were sampled at 5 metre
intervals. Each interval contained approximately 200-250 kilograms of sand, which was riffle split down to a single 25-
30 kilogram composite sample for magnetic separation. A total of 286 composite borehole samples, together with an
additional 29 splitter duplicate samples, were prepared in this fashion. Initial magnetic separation of the upper 30 meters
Cardero Resource Corp. 2 February 14, 2006
News Release – Continued
(correlates to two 15 metre mine bench intervals) of each borehole has now been completed and work is proceeding onsite
to magnetically separate the outstanding (deeper) intervals.
The mean of the average magnetic mineral content, in the upper 30 meters, of those six boreholes with the greatest
results is 5.7 wt. % magnetic minerals. Broadly equivalent results were obtained in the corresponding surface samples.
Simply put, the results indicate that surface sample sites showing elevated magnetite concentrations also contain elevated
magnetite concentrations to at least 30 metres depth.
Four boreholes were collared within or adjacent to the Toro West area (note that, as of yet, no boreholes have
tested the internal approximately 7 km2 area containing the highest surface magnetite grades) and three within or
adjacent to Toro South East. The results of the interval sampling of the top 30 metres of all boreholes, together
with the equivalent surface sample results, are tabulated below:
Area Surface Sample
(wt.% magnetite)
Borehole – Ave. 30m
composite result
(wt.% magnetite)
Total Borehole
composite result
(wt. % magnetite)
Toro West*
PET-01 5.2 wt . % 4.0 wt . % In progress
PET-02 (1km E of area) 4.1 wt . % 5.8 wt . % 3.6 wt. % over 141m
PET-05 (adjacent) 4.3 wt . % 4.8 wt . % 4.6 wt. % over 141m
PET-08 5.8 wt .% 7.2 wt . % In progress
Toro South East
PET-07 6.3 wt . % 4.8 wt . % In progress
PET-09 (collared in low
grade corridor 1km SE of
area)
3.1 wt . % 3.8 wt . % In progress
PET-10 8.8 wt . % 5.2 wt . % In progress
Pampa El Toro (non specific)
PET-03 4.9 wt. % 5.7 wt . % 4.3 wt. % over 100m
inc.
5.4 wt. % over 0-60m
PET-4A (Active Dune) 4.2 wt . % 2.8 wt . % In progress
PET-06 (collared 1km W
of area in same low grade
corridor as PET-09 above)
1.8 wt . % 3.8 wt . % In progress
PET-11 4.4 wt . % 4.2 wt . % In progress
PET-12 5.8 wt . % 5.5 wt . % In progress
PET-13A 2.7 wt . % 5.0 wt. % In progress
*Note: No boreholes tested the approximately 7km2 higher grade surface zone.
These preliminary results are interpreted to indicate that magnetite homogeneity, as evidenced by the surface
samples, generally continues to at least 30 meters depth.
Analysis of total iron, titanium, vanadium and other constituents in the Pampa El Toro magnetic concentrates is
currently underway at Acme Analytical Laboratories, Vancouver and the results are anticipated to be received in
the near future.
Although Cardero is very encouraged by the results to date, it is important to realize that such results are only
from preliminary exploration, and it is uncertain if further exploration will result in the discovery of a mineral
deposit or resource within the district.
Cardero Resource Corp. 3 February 14, 2006
News Release – Continued
Ongoing Work Programs
A detailed, 250 by 250 metre, surface infill sand sampling program is currently underway at both Toro West and
Toro South East and, as of the start of February, an additional 204 surface samples had been collected. The
results of this program will enable Cardero to construct a more detailed picture of the surface distribution of
magnetite in these areas.
The Company is sufficiently encouraged by these results to be in the process of appointing an independent
engineering firm to provide ongoing technical assistance with the aim of ultimately producing a N.I. 43-101
compliant mineral resource estimate for the Iron Sands Project. Contingent on their findings and
recommendations, the Company envisages conducting a definition drill campaign during the first or second
quarters of 2006, the aim of which will be to provide sufficient information to allow the calculation of a magnetite
resource estimate.
Following the contemplated definition drill campaign, the resultant magnetite concentrate will be used to
commission a full Midrex Fastmelt® Pilot Plant study. The resultant slag from this pilot test will then be utilized
for titanium and vanadium beneficiation studies.
Based on the Company’s knowledge to date, and contingent on ongoing favourable results, the Company
presently envisages the following mining scenario for the Iron Sands Project:
Magnetite bearing sands would be mined using bucket wheel excavators, belt wagons and ore conveyors to supply
a large, dry magnetic separation plant. The magnetic separation plant is expected to produce a 60 wt. % or higher
iron concentrate which is anticipated to also contain substantial titanium and vanadium concentrations. The
magnetite concentrate will be transported via covered trucks to a Midrex FASTMELT® plant, located on the
coast. The non-magnetic silica sand waste fraction will be conveyed off-deposit via a reclamation spreader
system.
The initial Midrex FASTMELT® Plant is anticipated to be rated at 500,000 tonnes of premium pig iron per year.
Assuming positive results from the proposed slag beneficiation studies, it is anticipated that titanium and
vanadium may be recovered from the resultant slag material. Additional Midrex FASTMELT® Plants may be
added in the future, depending upon the underlying demand. Preliminary operating cost estimates provided by
Midrex suggest that pig iron could be produced at the lower end of the cost curve.
“The results to date demonstrate that significant concentrations of magnetite bearing sands occur over a large area
and at depth on the property,” stated Henk Van Alphen, President of Cardero. “Furthermore, the metallurgical
test results by Midrex indicate that it is possible to produce a very high quality pig iron, together with potentially
important by-product titanium and vanadium from the ‘waste’ slag component, from this easily mined material.
Cardero’s strategy going forward is to fast-track the project to a point where we define sufficient mineralization to
support a 20-30 year mining operation”.
Qualified Person and Quality Control/Quality Assurance
EurGeol Dr. Mark D. Cruise, Cardero’s Vice President-Exploration and a qualified person as defined by National
Instrument 43-101, has supervised the preparation of the scientific and technical information that forms the basis
for this news release.
The surface sampling and drill programs on the Iron Sands project are supervised by Stephen J. Cook, P. Geo.,
who is responsible for all geochemical sampling aspects of the work, and Lorne Hunter (B.Sc. Mining
Engineering), who is responsible for all engineering aspects of the work.
Cardero Resource Corp. 4 February 14, 2006
News Release – Continued
Conference Call
The Company will hold a conference call on Thursday, February 16, 2006 at 7:30 a.m. Pacific Time for
approximately 60 minutes, to discuss the Iron Sands project please request the “Cardero – Iron Sands” conference
call, the dial-in numbers are:
Toll-Free (North America): 1-877-375-2162
Toll-Free (International): 1-973-582-2751
Cardero is well financed with $12 million in the treasury and well positioned to continue to explore its projects in
Mexico, Peru, and Argentina. The common shares of the Company are currently listed on the TSX Venture
Exchange (symbol CDU), the American Stock Exchange (symbol CDY) and the Frankfurt Stock Exchange
(symbol CR5). The Company is actively evaluating gold, silver, copper, iron ore-copper-gold (IOCG) and iron
projects, which will continue to ensure the recognition of Cardero as a world-class exploration and development
company.
For further details on the Company readers are referred to the Company’s web site (www.cardero.com), Canadian
regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.
On Behalf of the Board of Directors of
CARDERO RESOURCE CORP.
“Hendrik van Alphen” (signed)
Hendrik van Alphen, President
Contact Information: Quentin Mai, Manager – Corporate Communications & Investor Relations
Email: [e-mail]
Phone: [phone] / Fax: [phone]
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news
release, which has been prepared by management.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the
Exchange Act. Such statements include, without limitation, statements regarding future anticipated exploration program results, the
discovery and delineation of mineral deposits/resources/reserves, business and financing plans, potential mining scenarios, the success of
mineral processing procedures, business trends and future operating costs and revenues. Although the Company believes that such
statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are
typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by
their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not
guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a
result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be
located, the Company’s ability to obtain any necessary permits, consents or authorizations required for its activities, the Company’s ability
to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be
fully able to implement its business strategies.
All of the Company’s public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials,
including the technical reports filed with respect to the Company’s mineral properties. This press release contains information with
respect to adjacent or similar mineral properties in respect of which the Company has no interest or rights to explore or mine. The
Company advises US investors that the US Securities and Exchange Commission’s mining guidelines strictly prohibit information of this
type in documents filed with the SEC. Readers are cautioned that the Company has no interest in or right to acquire any interest in any
such properties, and that mineral deposits on adjacent or similar properties are not indicative of mineral deposits on the Company’s
properties.
This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

[[KERN]Codex]

[Peterace]

Exeter Resource Corporation: Drilling Extends Cuello Zone Gold Discoveries at La Cabeza
Wednesday February 15, 5:00 am ET


VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 15, 2006--Exeter Resource Corporation (TSX VENTURE:XRC - News; PINK SHEETS:EXRCF - News; FWB:EXB) reports that new diamond drilling has extended the discovery of gold mineralization on the Cuello Zone of its La Cabeza gold project.
Preliminary assay results include intercepts of 6.6 metres at a grade of 4.8 grams per tonne ("g/t") gold and 4 metres at a grade of 4.5 g/t gold from drill holes in the Cuello Central Vein. Drilling results from the Cuello East Vein include a new intercept of 10.5 metres at a grade of 6.4 g/t gold. At Cuello West, two new drill holes successfully intersected gold mineralization within the defined extent of the zone. The Cuello East and Cuello West discoveries were first announced in August 2005.

Company Chairman, Yale Simpson, commented: "These results extend our earlier discoveries at the Cuello Zone. The Cuello East and the Cuello Central veins remain open along strike to the south and at depth. The new Cuello West Vein is open in all directions. These new results and other recent discoveries at La Cabeza demonstrate the growth potential of the project and will be reflected in a new resource estimate."

Detailed Cuello Zone Results

Significant assay results from the six additional diamond drill holes testing the Cuello Zone are as follows:

-----------------------------------------------------------------
Gold
From To Width grade
Hole Zone (m) (m) (m) (g/t)
-----------------------------------------------------------------
LCD-83 Cuello East 88 98.5 10.5 6.4
-----------------------------------------------------------------
including 89 90 1 8.4
-----------------------------------------------------------------
and 91 91.8 0.8 12.2
-----------------------------------------------------------------
and 93.8 94.5 0.7 16.4
-----------------------------------------------------------------
and 96.3 97 0.7 11.3
-----------------------------------------------------------------
192.6 194.6 2.1 3.1
-----------------------------------------------------------------
including 192.6 193.5 0.9 5.7
-----------------------------------------------------------------
LCD-79 Cuello Central 39 42 3 1.3
-----------------------------------------------------------------
51 54 3 1.9
-----------------------------------------------------------------
115.9 119.8 3.9 2.1
-----------------------------------------------------------------
123 129.3 6.3 1.3
-----------------------------------------------------------------
137 144 7 1.2
-----------------------------------------------------------------
149 151.6 2.6 1.3
-----------------------------------------------------------------
156 158 2 1.8
-----------------------------------------------------------------
LCD-80 Cuello Central 21.5 28.1 6.6 2.2
-----------------------------------------------------------------
LCD-84 Cuello Central 26 29 3 1.4
-----------------------------------------------------------------
128.4 135 6.6 4.8
-----------------------------------------------------------------
138 139 1 3.4
-----------------------------------------------------------------
151 155 4 1.3(i)
-----------------------------------------------------------------
156 160 4 4.5(i)
-----------------------------------------------------------------
including 158 159 1 10.1
-----------------------------------------------------------------
161 163 2 1.1
-----------------------------------------------------------------
175 177 2 1.5(i)
-----------------------------------------------------------------
LCD-78 Cuello West 19 21 2 4.5
-----------------------------------------------------------------
45 46.2 1.2 4.8
-----------------------------------------------------------------
LCD-81 Cuello West 4.5 6 1.5 1.2
-----------------------------------------------------------------
44 51 7 2.8
-----------------------------------------------------------------
including 46 47.2 1.2 0.3
-----------------------------------------------------------------
53 53.5 0.5 2.5
-----------------------------------------------------------------

(i) Assay results for the intervals 155 - 156 metres and
177 - 178 metres are presently unavailable.
Note: Regular whole core samples of HQ-size diamond drill core,
in representative rock types (in both mineralized and
unmineralized rocks) have been collected and dispatched to
the University of San Juan in Argentina for simple
compression tests.


Cuello East drilling to date has largely been limited to one drill section due to access limitations; however, the gold mineralization has now been defined over a 200 metres vertical depth. The latest drill hole, LCD-83, intersected two zones; an upper zone with 10.5 metres at a grade of 6.4 g/t gold and a lower zone with 2.1 metres at 3.1 g/t gold. Significantly, this new drill hole intersected the zone midway (down dip) between earlier drill holes, LCD-24 and LCD-62, both of which were also mineralized (see Exeter news release dated October 14, 2005).

On the Cuello Central Vein, diamond drill holes LCD-79, LCD-80, and LCD-84 were sited as infill drill holes between previous drill sections. The holes are part of the ongoing definition drilling program to raise the confidence level of previously estimated "inferred" resources to "indicated" or "measured" resources. The drill intercepts were generally as predicted from previous drilling.

On the Cuello West Vein, diamond drill holes LCD-78 and LCD-81 were drilled to follow up on LCD-61, which had intersected three mineralized intervals (see Exeter news release dated October 6, 2005). LCD-78 was located 25 metres north of the discovery hole, LCP-169 (6 metres at a grade of 15.5 g/t gold), and 145 metres south of the northernmost drill hole LCP-175. The new drill hole, LCD-78, intersected 2 metres at 4.5 g/t gold from a depth of 19 metres, followed by 1.2 metres at 4.8 g/t gold, confirming that the vein likely extends to surface (below a veneer of sand). Diamond drill hole LCD-81, located in the central area of the Cuello West vein, intersected a 7 metre zone at a grade of 2.8 g/t gold from a depth of 44 metres, in line with the predicted grade at that location. The Cuello West veins will now be drilled to test potential strike extensions to the north and south.

Current Exploration

The project`s diamond drill rig is currently sited on the Mandibula Zone to test for strike and width extensions to the zone, and to perform infill drilling to upgrade the inferred resource. A multipurpose diamond and reverse circulation drill rig is drilling the Central Vein Zone, and potential extensions to the Luna Zone. The RAB drill rig currently is testing a gold target under shallow sand cover midway between the Mandibula and Ojo Zones.

The location of the various mineralized zones can be found on the Exeter website: www.exeterresource.com.

Quality Control and Assurance

The gold assay results presented above are preliminary and have been calculated using a 0.5 g/t gold cut-off grade, with no cutting of high grades. Samples were prepared at the ALS Chemex preparation facility in Mendoza and assayed by fire assay (50 gram charge) at the ALS Chemex laboratory in Chile.

Check assaying of all samples assaying greater than 1.0 g/t gold will be completed by ALS Chemex. Standard and blank samples are used throughout the sample sequence as checks. Note that the drill widths presented above are drill intersection widths and may not represent true widths.

Matthew Williams, Exeter`s Exploration Manager and a "qualified person" within the definition of that term in National Instrument 43-101, Standards of Disclosure for Mineral Projects, has supervised the preparation of the technical information contained in this news release.

About Exeter

Exeter is a technically-advanced, Canadian gold exploration company, focused on the discovery of epithermal gold-silver properties in Argentina and Chile. The current three-rig, drilling program at its advanced La Cabeza gold project is a key component of project development activities that include engineering, metallurgical, hydrological, and environmental studies. The objective of the drilling program is to upgrade and significantly expand previously-estimated inferred and indicated gold resources.

In the prospective Patagonia region of Argentina, Exeter has a strategic partnership with Cerro Vanguardia S.A, an AngloGold Ashanti subsidiary. The agreement provides Exeter with an option over 12 epithermal gold-silver properties.

In southern Chile, Exeter has a strategic agreement with Rio Tinto Mining and Exploration Limited over epithermal gold prospects within an 800 square kilometre area. Prospecting of epithermal gold targets is currently underway.

In the Maricunga district of northern Chile, Exeter has a strategic agreement with Anglo American Limitada and Mantos Blancos S.A. on 7 epithermal gold properties.

You are invited to visit the Exeter web site at www.exeterresource.com.

EXETER RESOURCE CORPORATION

Bryce Roxburgh, President

Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission ("SEC") permits mining companies in their filings with the SEC to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this news release, such as "inferred resource", that the SEC guidelines strictly prohibit us from including in our filing with the SEC. U.S. investors are urged to consider closely the disclosure contained in our Form 20-F Registration Statement, File No. 000-51016. You can review and obtain copies of our filings from the SEC`s website at www.sec.gov/edgar.shtml.

Safe Harbour Statement - This news release may contain certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements reflect our current belief and are based upon currently available information. Actual results could differ materially from those described in this news release as a result of numerous factors, some of which are outside of the control of Exeter.

The TSX Venture Exchange does not accept responsibility for the ad equacy or accuracy of this news release.

Exeter Resource Corporation (TSX VENTURE:XRC - News; PINK SHEETS:EXRCF - News; FRANKFURT:EXB - News)



Contact:
Exeter Resource Corporation
Bryce Roxburgh
President
[phone] or Toll Free: 1-888-688-9592
OR
Exeter Resource Corporation
Rob Grey
Investor Relations
[phone] or Toll Free: 1-888-688-9592
Fax: [phone]
[e-mail]
www.exeterresource.com

[Peterace]

Exeter Resource Corporation: Gold Discovery Continues to Expand La Cabeza Mineralization
Monday February 20, 4:00 am ET


VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 20, 2006--Exeter Resource Corporation (TSX VENTURE:XRC - News; PINK SHEETS:EXRCF - News; FWB:EXB) has discovered a new zone of gold mineralization adjacent to the Luna deposit at its La Cabeza gold project in Argentina.
ADVERTISEMENT


The new mineralization outcrops west and south of the known Luna Zone, in an area not previously sampled by Exeter geologists. Two sets of quartz veins have been mapped at surface over a length of 250 metres (820 feet). The discovery is thought to be an extension to the Luna Zone but may be a faulted offset to the known deposit.

Recently drilled rotary air blast ("RAB") drill holes in an area approximately 200 metres (650 feet) southeast of the discovery have intersected similar quartz veining. Each RAB drill hole returns a single 3 metre (10 ft.) composite sample of bedrock, directly below the overlying sands. Although assay results are yet to be received for all of the new holes, one of the RAB holes intersected 8.2 g/t gold. This gold result and the distribution of drill holes with quartz veining (yet to be assayed), indicates a potential strike length to the Luna extension of +500 metres (1640 feet). RAB drilling is currently in progress northwest of the new zone.

Three reverse circulation ("RC") drill holes have now tested the outcropping portion of one of the two new vein sets. The drill holes intersected 6 metres at a grade of 2.0 grams per tonne ("g/t") gold, 6 metres at a grade of 2.5 g/t gold and 6 metres at a grade of 1.0 g/t gold respectively. Three continuous rock chip sample traverses over the outcropping portion of the veins have returned, respectively, widths of 29 metres at a grade of 1.8 g/t gold, 9 metres at a grade of 3.0 g/t gold and 8 metres at a grade of 2.7 g/t gold.

Exeter Chairman, Yale Simpson stated: "We continue to expand the La Cabeza gold system. The latest results follow closely behind our announcement of positive drilling results on the Cuello zone south of Luna. Remarkably, our geologists are still finding new outcropping gold mineralization: although we believe that the most significant discoveries yet to be made will likely be under the areas of sand that surround the mineralized hills. For example, RC drilling of a new promising gold target located next to the Ojo Zone is now underway. RAB drilling on this target returned multiple holes with strongly anomalous gold values (see news release December 1, 2005)."

The new Luna mineralization will be tested by RC drilling as part of the current drilling program at La Cabeza.

Detailed Drilling Results

Significant preliminary assay results from the first three drill holes at Luna are as follows:

Significant RC Drilling Results - Luna Extension

--------------------------------------------------
From To Width Au grade
Hole (m) (m) (m) (g/t)
--------------------------------------------------
--------------------------------------------------
LCP-200 13 25 12 1.4
--------------------------------------------------
including 13 19 6 2.0
--------------------------------------------------
LCP-201 14 23 9 1.8
--------------------------------------------------
including 14 20 6 2.5
--------------------------------------------------
LCP-202 17 23 6 1.0
--------------------------------------------------
--------------------------------------------------


Detailed Rock Chip Results

Significant assay results from the continuous rock chip sample traverses over the Luna Extension are as follows:

--------------------------------------------------
Sample
From To length Au grade
Line (m) (m) (m) (g/t)
--------------------------------------------------
--------------------------------------------------
Line 01 4 14 10 2.1
--------------------------------------------------
including 10 12 2 4.4
--------------------------------------------------
Line 02 0 2 2 1.5
--------------------------------------------------
and 14 22 8 2.7
--------------------------------------------------
including 16 18 2 3.4
--------------------------------------------------
including 20 22 2 3.2
--------------------------------------------------
Line 03 10 14 4 3.4
--------------------------------------------------
including 12 14 2 6.1
--------------------------------------------------
Line 04 16 20 4 1.6
--------------------------------------------------
including 16 18 2 2.3
--------------------------------------------------
Line 06 8.4 11.4 3 1.5
--------------------------------------------------
and 17.4 21.4 4 1.2
--------------------------------------------------
Line 07 4.0 8.3 4.3 2.5
--------------------------------------------------
including 4.0 6.3 2.3 3.9
--------------------------------------------------
Line 08 6.0 8.5 2.5 2.3
--------------------------------------------------
Line 10 4 6 2 2.7
--------------------------------------------------
and 16 20 4 1.0
--------------------------------------------------
and 22 33.8 11.8 1.4
--------------------------------------------------
and 45.8 47.8 2 1.0
--------------------------------------------------
Line 11 4 33 29 1.8
--------------------------------------------------
including 15 25 10 2.5
--------------------------------------------------
Line 12 0 2 2 1.2
--------------------------------------------------
and 4 12.5 8.5 1.3
--------------------------------------------------
Line 13 4 13 9 3.0
--------------------------------------------------
including 4 6 2 9.1
--------------------------------------------------
Line 14 4 10 6 2.9
--------------------------------------------------
Line 15 2 10 8 1.1
--------------------------------------------------
and 16 21.2 5.2 1.4
--------------------------------------------------
Line 16 10 34.5 24.5 1.3
--------------------------------------------------
including 12 18.5 6.5 2.5
--------------------------------------------------
--------------------------------------------------
Note: Sample length is actual length of sample
collected, irrespective of topography or
orientation of mineralization.
Cut-off grade for reporting: 0.5 g/t Au


The rock chip traverses were typically on sections 25 metres apart, testing a northwest trending zone of veining, sub-parallel to the main mineralization within the Luna zone. Sawn channel sampling has been planned as follow up to the rock chip traverses.

Quality Control and Assurance

The assay results presented above are preliminary and have been calculated using a 0.5 g/t gold cut-off grade, with no cutting of high grades. Samples were prepared at the ALS Chemex preparation facility in Mendoza and assayed by fire assay (50 gram charge) at the ALS Chemex laboratory in Chile.

Check assaying of all samples assaying greater than 1.0 g/t gold will be completed by ALS Chemex. Standard, blank and duplicate samples are used throughout the sample sequence as checks. Note that the sample length of the continuous rock chip traverses is actual length of sample collected, irrespective of topography or orientation of mineralization.

Matthew Williams, Exeter`s Exploration Manager and a "qualified person" within the definition of that term in National Instrument 43-101, Standards of Disclosure for Mineral Projects, has supervised the preparation of the technical information contained in this news release.

About Exeter

Exeter is a technically-advanced, Canadian gold exploration company, focused on the discovery of epithermal gold-silver properties in Argentina and Chile. The current three-rig, drilling program at its advanced La Cabeza gold project is 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 partnership with Cerro Vanguardia S.A, an AngloGold Ashanti subsidiary. The agreement provides Exeter with an option over 12 epithermal gold-silver properties.

In southern Chile, Exeter has a strategic agreement with Rio Tinto Mining and Exploration Limited over gold prospects within an 800 square kilometre area. Prospecting of gold targets is currently underway.

In the Maricunga district of northern Chile, Exeter has a strategic agreement with Anglo American Limitada and Mantos Blancos S.A. on epithermal gold properties.

You are invited to visit the Exeter web site at www.exeterresource.com.

EXETER RESOURCE CORPORATION

Bryce Roxburgh, President and CEO

Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission ("SEC") permits mining companies in their filings with the SEC to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this news release, such as "inferred resource", that the SEC guidelines strictly prohibit us from including in our filing with the SEC. U.S. investors are urged to consider closely the disclosure contained in our Form 20-F Registration Statement, File No. 000-51016. You can review and obtain copies of our filings from the SEC`s website at http://www.sec.gov/edgar.shtml.

Safe Harbour Statement - This news release may contain certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements reflect our current belief and are based upon currently available information. Actual results could differ materially from those described in this news release as a result of numerous factors, some of which are outside of the control of Exeter.

The TSX Venture Exchange does not accept responsibility for the ad equacy or accuracy of this news release.

Exeter Resource Corporation (TSX VENTURE:XRC - News; PINK SHEETS:EXRCF - News; FRANKFURT:EXB - News)



Contact:
Exeter Resource Corporation
Bryce Roxburgh
President and CEO
[phone] or Toll Free: 1-888-688-9592
OR
Exeter Resource Corporation
Rob Grey
Investor Relations
[phone] or Toll Free: 1-888-688-9592
Fax: [phone]
[e-mail]
www.exeterresource.com

--------------------------------------------------------------------------------
Source: Exeter Resource Corporation

[Peterace]

Exeter Resource Corporation: La Cabeza Gold Project Development Program on Track
Thursday March 2, 6:00 am ET


VANCOUVER, British Columbia--(BUSINESS WIRE)--March 2, 2006--Exeter Resource Corporation (TSX VENTURE:XRC - News; PINK SHEETS:EXRCF - News; FWB:EXB) reports that exploration drilling and project development studies on its La Cabeza gold project in Argentina are on track for Exeter to announce a decision to proceed to final feasibility later this year. On the basis of a positive determination, mine development activities would be expected to commence in 2007.
ADVERTISEMENT


Exeter Chairman Yale Simpson said, "Infrastructure and development studies of the La Cabeza project have been completed over the last 12 months by Exeter staff and key independent consultants. These studies, which are summarized below, have established to our satisfaction that all the required services can be delivered to the project within an acceptable time-frame and at reasonable cost.

"As drilling continues, we have a workable template for project development at La Cabeza. Importantly, we are in a position to present preliminary, but comprehensive, mine concepts to communities near the La Cabeza site, and to the provincial government in Mendoza. We believe that working with the relevant authorities from an early stage will expedite project permitting when a go-ahead decision is reached."

Studies completed to date, as detailed below, cover a range of essential engineering, technical and development options. Further details about the individual studies are available on the Exeter website www.exeterresource.com.

Geotechnical Studies

Geotechnical logging and core orientation by Exeter`s Argentina staff geologists was used by Vector Chile Limitada to carry out a first evaluation of open pit slope stability. Using conservative assumptions, Vector estimated an average pit slope angle of 55 degrees, still incorporating 50% safety factors. This is a relatively steep slope which assists in keeping the quantity of waste rock to a minimum. The logging program is continuing on drill cores and is now being supplemented by on-site point load testing to give a comprehensive evaluation of different rock strengths. These data will be re-evaluated in coming months by independent consultants to provide data of "open pit design quality".

Conceptual Mine Design

Australian Mine Design and Development, of Brisbane, Australia, ("AMDAD") used specialized software to develop conceptual open pits based upon current costs and Vector`s geotechnical slope criteria. Preliminary open pit designs followed for the Cuello, Luna, Mandibula and Ojo zones, based upon Hellman & Schofield`s resource estimates (see Exeter News Release dated July 27, 2005). AMDAD`s report provided waste to ore(i) ratios for each conceptual open pit and led to a base case production schedule. The average waste to ore ratio for the four zones was 2.5 to 1. These data were used as a basis for a conceptual project infrastructure layout and an internal project evaluation.

Electricity Supply

Exeter engineers worked with power authorities and suppliers of generating equipment, based in Mendoza, Argentina, to compare two electricity supply alternatives for the project: the Provincial electricity grid and on-site power generation using diesel fuel. On a cost-benefit basis, electricity supply using the Provincial grid was shown to be superior, as it locks in a key component of the project operating cost. The preliminary cost of a transmission line is US$ 5-7 million. Studies in 2006 will evaluate the preferred power supplier, the supply route, and the best cost-offset options for the early production years.

Water Supply

A San Juan, Argentina water consultant, FUUNSAJ, carried out geophysical surveys over potentially large aquifers near La Cabeza to evaluate water supplies. FUUNSAJ also carried out pump tests on exploration drill holes for geotechnical purposes and to evaluate the potential contribution from the open pits. Two sites are potentially capable of meeting the project requirement of 2000 to 3000 cubic metres of water daily. Pump testing is scheduled to be completed by July 2006.

Groundwater surveys by FUUNSAJ and Exeter examined water quality for drinking water supplies. The water is slightly to moderately saline, depending on the source. The range of groundwater salinity is well within the efficient processing range of modern reverse osmosis plants for drinking water.

Road Access

Exeter engineers, Mendoza-based civil construction companies, and the Municipality of Malargue reviewed and surveyed the existing 200 kilometre-long access routes to the project area. The studies determined the roads to be generally good. First pass costs were obtained for road sections requiring repair or upgrading. Two preferred routes to the project area were selected for further evaluation during the second half of 2006. With rainfall normally restricted to a three month period of thunderstorms in summer, road maintenance appears to be straightforward.

Exeter engineers reviewed the transport logistics for typical construction and operational supplies with a number of large Argentinean transport companies. The costs on a "first pass" basis fall within the range expected for a project of this size.

Mine Accommodation

A Mendoza-based architect was contracted to produce a sympathetic conceptual design for the accommodation camp and offices incorporating the use of local materials. The design was costed by local construction companies and the cost is well within the expected range.

Engineering Consultants

Ausenco Limited of Brisbane, Australia ("Ausenco") is an independent minerals engineering and construction company specializing in international projects. Ausenco coordinated mining, metallurgical and infrastructure results into an engineering review. Capital and operating costs to +/- 25% accuracy were developed using detailed equipment lists and current cost factors. Ausenco made useful recommendations for studies to be implemented by Exeter in 2006.

Study Outcomes

At the end of 2005, all the studies described above were reviewed and incorporated into an overall development report prepared by independent engineer, H. Sandercock & Associates of Sydney, Australia ("HSA"). HSA provided capital and operating cost estimates for a project with production rates of 500,000 to 1,000,000 tonnes of ore per year. The development report formed the basis of the decision by Exeter`s directors to conduct the current resource expansion drilling program.

Current Activity

The objective of these coordinated studies is to facilitate the transition from exploration to a final feasibility study. Both the final feasibility study and the environmental impact assessment study could be initiated later this year. On the basis of a positive determination, mine development activities would begin in 2007.

The second phase of development studies is now underway, as is a multi-rig exploration drilling program. The development studies will include independent database verification and resource estimations by Hellman & Schofield, Australia. An expanded geotechnical program will also be completed to better define open pit design criteria.

About Exeter

Exeter is a technically-advanced, Canadian gold exploration company, focused on the discovery of epithermal gold-silver properties in Argentina and Chile. A three-rig drilling program to discover new resources at its advanced La Cabeza gold project is a key component of project development activities, which include engineering, metallurgical, hydrological, and environmental studies. Successes from the initial part of the discovery drilling program have been announced over the past few months.

In the prospective, Patagonia region of Argentina, Exeter has a strategic partnership with Cerro Vanguardia S.A, an AngloGold Ashanti subsidiary. The agreement provides Exeter with an option over 12 epithermal gold-silver projects.

In southern Chile, Exeter has a strategic agreement with Rio Tinto Mining and Exploration Limited over epithermal gold prospects within an 800 square kilometre area. Prospecting of epithermal gold targets is currently underway.

In the Maricunga district of northern Chile, Exeter has a strategic agreement with Anglo American Limitada and Mantos Blancos S.A. on epithermal gold properties.

You are invited to visit the Exeter web site at www.exeterresource.com.

EXETER RESOURCE CORPORATION

Bryce Roxburgh, President

Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission ("SEC") permits mining companies in their filings with the SEC to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this news release, such as "inferred resource", that the SEC guidelines strictly prohibit us from including in our filing with the SEC. U.S. investors are urged to consider closely the disclosure contained in our Form 20-F Registration Statement, File No. 000-51016. You can review and obtain copies of our filings from the SEC`s website at http://www.sec.gov/edgar.shtml.

Safe Harbour Statement - This news release may contain certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 referring to the current and future size, development, and commercial viability of the La Cabeza gold project. These statements reflect our current belief and are based upon currently available information. Actual results could differ materially from those described in this news release as a result of numerous factors, some of which are outside of the control of Exeter.

(i) The use of the term "ore" is in the context of the common mining expression "waste to ore ratio" or "stripping ratio" and is not intended to imply that the inferred resources used in this study have any economic status as "ore" as defined in NI 43-101 and the relevant CIM guidelines.

The TSX Venture Exchange does not accept responsibility for the ad equacy or accuracy of this news release.

Exeter Resource Corporation (TSX VENTURE:XRC - News; PINK SHEETS:EXRCF - News; FRANKFURT:EXB - News)



Contact:
Exeter Resource Corporation
Bryce Roxburgh
President
[phone] or Toll Free: 1-888-688-9592
OR
Exeter Resource Corporation
Rob Grey
Investor Relations
[phone] or Toll Free: 1-888-688-9592
Fax: [phone]
[e-mail]
www.exeterresource.com

[Peterace]

Exeter Resource Corporation: New High-Grade Gold Intersections Extend Recent Discoveries-Two Gold Zones Likely Linked
Wednesday March 15, 4:00 am ET


VANCOUVER, British Columbia--(BUSINESS WIRE)--March 15, 2006--Exeter Resource Corporation (TSX VENTURE:XRC - News; PINK SHEETS:EXRCF - News; FWB:EXB) reports resource expansion drilling continues to encounter high-grade gold mineralization, extending the strike length of recent discoveries at its La Cabeza Project, in Argentina.
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New drill intercepts from the Central Vein Zone include 3 metres (10 ft) at a grade of 16.3 grams (0.47 oz/ton) per tonne ("g/t") gold, 3 metres (10 ft) at a grade of 11 g/t gold (0.32 oz/ton) and 2 metres (6.6 ft) at a grade of 15.2 g/t gold (0.44 oz/ton). The zone is situated immediately north of, and along strike from, the Cuello Zone and is the site of high-grade vein intercepts announced November 16, 2005.

Significantly, structural interpretation of the new data, combined with a strong gold-silver association, indicates that the Central Vein Zone is likely linked to the important Cuello Zone, forming a single zone of gold mineralization.

Exeter`s Exploration Manager, Matt Williams, commented: "The results from drill holes LCP-198 and LCP-199 are particularly significant as they extend the zone of high-grade mineralization previously identified in drill hole LCP-188 (6 metres (20 ft) at a grade of 60.5 g/t (1.75 oz/ton) gold). The vein outcrops for 300 metres (1000 ft) and the new results indicate much stronger sub-surface mineralization than is evident in outcrop directly above the drill intersections.

An overall southerly plunge to gold mineralization is interpreted in the Central Vein Zone, a control now apparent for most of the La Cabeza gold zones. As a result, we now believe that structures previously thought to have low potential, because of a lack of veining in outcrop, may well host "blind" sub-parallel gold veins."

Mr. Williams added, "The Cuello and Central Vein Zones appear to be linked; and this has important exploration implications for La Cabeza. The strike length of the combined zone exceeds 1000 metres (3,300 ft), beyond which it is concealed by sand cover. To the north, the zone is projected to pass between the Ojo and Luna Zones, where rotary air blast ("RAB") drilling is underway. Importantly, none of the Central Vein Zone mineralization was included in the development study formulated in 2005."

Detailed Results

Significant assay results from four additional drill holes testing the Central Vein Zone are as follows:

Significant Results - Central Vein Zone

------------------------------------------------------------------
------------------------------------------------------------------
Au Ag
From To Width grade grade
Zone Hole (m) (m) (m) (g/t) (g/t)
------------------------------------------------------------------
------------------------------------------------------------------
East LCP-198 36 42 6 8.9 5.2
------------------------------------------------------------------
including 33 36 3 16.3 8.4
------------------------------------------------------------------
------------------------------------------------------------------
East LCP-199 30 36 6 7.7 11.1
------------------------------------------------------------------
including 30 33 3 11.0 13.7
------------------------------------------------------------------
------------------------------------------------------------------
South LCD-87 16.0 21.0 5.0 4.3 awaited
------------------------------------------------------------------
including 18.0 19.2 1.2 9.3 69.9
------------------------------------------------------------------
23.0 24.0 1.0 2.1 18.0
------------------------------------------------------------------
31.6 33.3 1.7 6.5 50.2
------------------------------------------------------------------
including 31.6 32.2 0.6 15.6 107.0
------------------------------------------------------------------
52.6 54.0 1.4 8.6 awaited
------------------------------------------------------------------
including 52.6 53.3 0.7 15.7 96.9
------------------------------------------------------------------
63.0 64.0 1.0 1.2 3.4
------------------------------------------------------------------
------------------------------------------------------------------
South LCD-94 25.0 29.1 4.1 1.9 awaited
------------------------------------------------------------------
including 26.0 27.0 1.0 2.1 awaited
------------------------------------------------------------------
including 28.0 29.1 1.1 3.4 42.6
------------------------------------------------------------------
30.3 33.8 3.5 8.7 awaited
------------------------------------------------------------------
including 31.8 33.8 2.0 15.2 69.6
------------------------------------------------------------------


Diamond core drill holes LCD-87 and LCD-94 have been drilled at the southern end of the Central Vein Zone. LCD-87 confirms at an approximate 20 metre (66 ft) vertical depth, the mineralization tested by rock chip line 13 (10 metres (33 ft) at a grade of 9.1 g/t gold (0.26 oz/ton) - see news release dated August 24, 2005). LCD-94 confirms at an approximate 20 metre (66 ft) vertical depth, the gold mineralization delineated by rock chip line 14 (6 metres (19.8 ft) at a grade of 22.6 g/t gold (0.66 oz/ton) and 6 metres (19.8 ft) at a grade of 2.3 g/t gold (0.07 oz/ton)). LCD-87 and 94 were drilled on sections 25 metres (82.5 ft) apart. Follow-up drilling has been scheduled to test extensions to the mineralization.

Linking the Cuello and Central Vein Zones - "The Silver Connection"

Exeter routinely assays for silver all drilling and channel samples that assay greater than 1.0 g/t gold (0.03 oz/ton), using HF-HNO3-HCIO4 digestion, HCL leach and AAS (by ALS Chemex). The silver content is especially significant in the Cuello zone, where individual silver assays have exceeded 500 g/t (14.50 oz/ton).

Although a silver resource was calculated in 2005 by Hellman & Schofield Pty Ltd of Australia, utilizing the ordinary kriging method of estimation, Exeter was unable to report the results. According to CIM Mineral Resource and Mineral Reserve Definitions, only an indicative order of magnitude estimate of the silver resource was possible as the silver data set was only a fraction of that of the gold data set. The report can be viewed on SEDAR.

Significant silver grades have also been seen in assays of drilling, channel, and rock chip samples from the Central Vein Zone. This data, together with Exeter`s structural interpretation of the area, indicates the Central Veins and the Cuello Veins are linked and can now be explored as a single target area. The linkage is illustrated on a schematic geological map on Exeter`s website (www.exeterresource.com).

Significant silver results are as follows:

Significant Silver Results - Central Vein Zone

------------------------------------------------------------------
------------------------------------------------------------------
Silver
Drill Hole/ From To Width grade
Zone Channel (m) (m) (m) (g/t)
------------------------------------------------------------------
------------------------------------------------------------------
West LCD-75 29.1 32.0 2.9 315
------------------------------------------------------------------
including 30.0 30.7 0.7 900
------------------------------------------------------------------
LCD-76 45.2 45.8 0.6 45
------------------------------------------------------------------
Channel 1 10 12 2 30
------------------------------------------------------------------
Channel 2 18 22 4 340
------------------------------------------------------------------
including 18 20 2 550
------------------------------------------------------------------
Channel 4 36.5 38.5 2 35
------------------------------------------------------------------
Channel 5 2.0 9.3 7.3 45
------------------------------------------------------------------
including 2.0 4.4 2.4 65
------------------------------------------------------------------
------------------------------------------------------------------
South Rock Chip 12 6 7.5 1.5 100
------------------------------------------------------------------
and 17 19 2 20
------------------------------------------------------------------
Rock Chip 13 10 16 6 80
------------------------------------------------------------------
and 26 30 4 10
------------------------------------------------------------------
Rock Chip 14 2 8 6 80
------------------------------------------------------------------
and 22 26 4 25
------------------------------------------------------------------


A comprehensive program of re-assaying sample pulps will be undertaken this year to establish a silver database of sufficient size and quality to allow the reporting of an initial estimated silver resource for the Cuello and Central Vein zones, and, in part, the Luna zone.

Expanded 2006 Drilling Program

Due to the success of the drilling in identifying new gold zones and extensions, an expanded CDN$5 million program has been developed for 2006 exploration at La Cabeza. A total of 17,000 metres (56,000 feet) of drilling is scheduled to be completed before September 2006, comprising 6,000 metres (19,800 feet) of diamond drilling, 6,000 metres (19,800 feet) of reverse circulation drilling, and +5,000 metres (+16,500 feet) of RAB drilling.

The proposed drilling is divided into three categories: (i) resource definition drilling within the known zones, (ii) drilling to delineate extensions to the known vein systems, and (iii) "discovery drilling". The discovery drilling program uses the RAB drill to test the extensive areas of shallow sand cover for hidden gold zones.

Exeter currently has three drill rigs under contract from Major Perforaciones SA, the Argentina division of Major Drilling Group International Inc. of Canada. Additional drill rigs are being sought to expedite the program.

Quality Control and Assurance

The assay results presented above are preliminary and have been calculated using a 0.5 g/t gold cut-off grade, with no cutting of high grades. All reverse circulation samples were collected using a cyclone in one metre intervals; the majority were then composited into three-metre samples. All diamond drill core samples are split on regular metre intervals or on geological contacts and represent sawn half HQ-size core. Samples were prepared at the ALS Chemex preparation facility in Mendoza and assayed by fire assay (50 gram charge) at the ALS Chemex laboratory in Chile.

Check assaying of all samples assaying greater than 1.0 g/t gold will be completed by ALS Chemex. Standard blank and duplicate samples are used throughout the sample sequence as checks. Drill widths presented in this news release are drill intersection widths and may not represent true widths. The reported length of continuous rock chip samples is the actual length of the sample collected, irrespective of topography or orientation of mineralization.

Matthew Williams, Exeter`s Exploration Manager and a "qualified person" within the definition of that term in National Instrument 43-101, Standards of Disclosure for Mineral Projects, has supervised the preparation of the technical information contained in this news release.

About Exeter

Exeter is a technically-advanced, Canadian gold exploration company, focused on the discovery of epithermal gold-silver properties in Argentina and Chile. The current three-rig, drilling program at its advanced La Cabeza gold project is 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 partnership with Cerro Vanguardia S.A, an AngloGold Ashanti subsidiary. The agreement provides Exeter with an option over 12 epithermal gold-silver properties.

In southern Chile, Exeter has a strategic agreement with Rio Tinto Mining and Exploration Limited over gold prospects in the Patagonia region. Prospecting of gold targets is currently underway.

In the Maricunga district of northern Chile, Exeter has a strategic agreement with Anglo American Limitada and Mantos Blancos S.A. on epithermal gold properties.

You are invited to visit the Exeter web site at www.exeterresource.com.

EXETER RESOURCE CORPORATION

Bryce Roxburgh, President

Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission ("SEC") permits mining companies in their filings with the SEC to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this news release, such as "inferred resource", that the SEC guidelines strictly prohibit us from including in our filing with the SEC. U.S. investors are urged to consider closely the disclosure contained in our Form 20-F Registration Statement, File No. 000-51016. You can review and obtain copies of our filings from the SEC`s website at http://www.sec.gov/edgar.shtml.

Safe Harbour Statement - This news release may contain certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 referring to the current and future size, development, and commercial viability of the La Cabeza gold project. These statements reflect our current belief and are based upon currently available information. Actual results could differ materially from those described in this news release as a result of numerous factors, some of which are outside of the control of Exeter.

The TSX Venture Exchange does not accept responsibility for the ad equacy or accuracy of this news release.

Exeter Resource Corporation (TSX VENTURE:XRC - News; PINK SHEETS:EXRCF - News; FRANKFURT:EXB - News)



Contact:
Exeter Resource Corporation
Bryce Roxburgh
President
[phone] or Toll Free: 1-888-688-9592
OR
Exeter Resource Corporation
Rob Grey
Investor Relations
[phone] or Toll Free: 1-888-688-9592
Fax: [phone]
[e-mail]
www.exeterresource.com

[Peterace]

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