Exeter Resource Corporation

Advancing the world-class Caspiche project in Chile

Environment & Corporate Social Responsibility

Principles & Policy

January 2013

The following are the guiding principles and policies by which the Board, management and staff of Exeter Resource Corporation undertakes its business activities.
These principles and policies apply to all employees, contractors and associates involved in any and all aspects of Exeter’s activities.

Environmental Stewardship

Exeter will conduct all exploration and mine development activities in ways that minimize to the greatest extent possible negative impacts on the environment. This will be achieved by:

  1. meeting and where practicable exceeding all applicable laws, regulations, standards and codes, and,
  2. developing and implementing best practices based on clear and established policies, strategies and plans, and,
  3. updating policies and practices as needed through continuous learning and evaluation of project outcomes.

Undertake Due Diligence Prior to the Commencement of Activities

Prior to undertaking material activities on the ground, Exeter management will conduct appropriate project due-diligence and preparation of strategies and plans for the necessary management of social, environmental, human rights, legal issues and community expectations based on sound information.

Engage Host Communities and Other Affected and Interested Parties

Exeter management, staff and associates will interact with host communities and other interested parties on the basis of respect, inclusion and participation, and will strive to provide effective and transparent arrangements for communication, consultation and reporting on an ongoing basis.

Contribute to Community Development

Throughout the development of its projects, Exeter management will make every effort to create the right conditions for a positive contribution to the social, economic and institutional development of the communities in which the company operates.

Uphold Human Rights

In conformity with the United Nations Declaration on Human Rights, Exeter will uphold fundamental human rights and respect cultures, customs and values as well as civil and political rights in dealings with communities, employees and others affected by the company’s activities.

Safeguard the Health and Safety of Workers and the Local Population

Exeter will do everything within its ability to protect the health and safety of its workers, contractors and the local population. This objective will be achieved through the development and implementation of sound health and safety policies that will be continually open to review and refinement in order to seek continual improvement.

Reporting and Transparency

Exeter commits to the reasonable disclosure of information that, subject to the constraints of business confidentiality and cost, is relevant to company’s activities. The intent of this disclosure is to allow communities of interest to clearly understand the company’s approach, policies and performance associated with ethical behavior, environmental management and corporate social responsibility.

Commitment to Ethical Business Practices

Pursuant to the company’s Code of Business Conduct and Ethics for Directors, Officers and Employees, Exeter will maintain ethical business practices and sound management systems that include sustainable development as a factor in business decision making.