UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.
20549



|FORM 40-F/A
(Amendment No. 1)
|-----------------------------



| |  ̈ | REGISTRATION STATEMENT PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934
| | - | ------------------------------------------------------------------------------------

OR

| | x | ANNUAL REPORT PURSUANT TO SECTION 13(a) OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
| | - | ---------------------------------------------------------------------------------------

For the fiscal year ended December
31, 2011










|Commission file number: 001-33136
|---------------------------------







EXETER
RESOURCE CORPORATION








(Exact Name of Registrant
as Specified in its Charter)



|British Columbia                                                  |  | 1400                                               |  | N/A                                 
|----------------------------------------------------------------- |  | -------------------------------------------------- |  | ------------------------------------
|(Province or other jurisdiction of incorporation or organization) |  | (Primary Standard Industrial 
Classification Code) |  | (I.R.S. Employer Identification No.)



|999 West Hastings Street, Suite 1660                                      
|--------------------------------------------------------------------------
|Vancouver, British Columbia, Canada V6C 2W2                               
|(604) 688-9592                                                            
|(Address and Telephone Number of
Registrant’s Principal Executive Offices)



|DL Services
        Inc.Columbia Center, 701 Fifth Avenue, Suite 6100
        Seattle Washington 98104
        (206) 903-5448 | Copies to:
        Kenneth G. Sam
        Jason K. Brenkert
        Dorsey & Whitney LLP
|----------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------
|(Name, address (including zip code) and telephone number (including area code) of agent for service in the United States)     | 1400 Wewatta Street, Suite 400
        Denver, Colorado 80202
        (303) 629-3445    








Securities registered or to be registered
pursuant to Section 12(b) of the Act:





|Title of Each Class:        |  | Name of Each Exchange On Which Registered:
|--------------------------- |  | ------------------------------------------
|                            |  |                                           
|Common Shares, no par value |  | NYSE Amex                                 





Securities registered
or to be registered pursuant to Section 12(g) of the Act: N/A

Securities for which
there is a reporting obligation pursuant to Section 15(d) of the Act: N/A






For annual reports,
indicate by check mark the information filed with this form:

x
Annual Information Form                      x Audited Annual Financial Statements






Indicate the number of
outstanding shares of each of the issuer's classes of capital or common stock as of the close of the period covered by the annual
report: As at December 31, 2011, 87,325,753 common shares of the Registrant were issued and outstanding.






Indicate by check mark
whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding
12 months (or for such shorter period that the Registrant was required to file such reports) and (2) has been subject to such filing
requirements for the past 90 days.     x Yes     ̈
No






Indicate by check mark
whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required
to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months
(or for such shorter period that the registrant was required to submit and post such files).  ̈
Yes      ̈ No













EXPLANATORY NOTE



Exeter Resource Corporation (the “Company”
or the “Registrant”) is a Canadian issuer eligible to file its annual report pursuant to Section 13 of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), on Form 40-F pursuant to the multi-jurisdictional disclosure
system of the Exchange Act. The Company is a “foreign private issuer” as defined in Rule 3b-4 under the Exchange
Act. The equity securities of the Company are accordingly exempt from Sections 14(a), 14(b), 14(c), 14(f) and 16 of the Exchange
Act pursuant to Rule 3a12-3 under the Exchange Act.



The Company is filing this Amendment
No. 1 to its annual report on Form 40-F, as originally filed on March 30, 2012, to include in Exhibit 99.2 the report of the independent
auditor on the audited consolidated financial statements of the Company for the years ended December 31, 2011 and 2010, which was
inadvertently omitted from the original filing. No other amendments are being made to the annual report
on Form 40-F as originally filed.



UNDERTAKING AND CONSENT TO SERVICE OF
PROCESS

Undertaking



The Company undertakes to make available,
in person or by telephone, representatives to respond to inquiries made by the SEC staff, and to furnish promptly, when requested
to do so by the SEC staff, information relating to: the securities registered pursuant to Form 40-F; the securities in relation
to which the obligation to file an annual report on Form 40-F arises; or transactions in said securities.



Consent to Service of Process



The Company filed an
Appointment of Agent for Service of Process and Undertaking on Form F-X/A with the SEC on March 29, 2011, with respect to
the class of securities in relation to which the obligation to file this annual report on Form 40-F/A arises.



SIGNATURES



Pursuant to the requirements
of the Exchange Act, the Registrant certifies that it meets all of the requirements for filing on Form 40-F/A and has duly caused
this annual report to be signed on its behalf by the undersigned, thereto duly authorized.



|EXETER RESOURCE CORPORATION
|---------------------------
|                           
|                           
|By:                        
|Name:                      
|Title:                     



Date: April 2, 2012











EXHIBIT INDEX



The following exhibits
have been filed as part of this annual report on Form 40-F/A:



|Exhibit            | Description                                                                                                                                                                                                                                       
|------------------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                  
|Annual Information
|                  
|99.1*              | Annual Information Form of the Company for the year ended December 31, 2011                                                                                                                                                                       
|                   |                                                                                                                                                                                                                                                   
|99.2               | Audited consolidated financial statements for the years ended December 31, 2011 and 2010, including the report of the auditors thereon and on the effectiveness of the Company’s internal control over financial reporting as at December 31, 2011
|                   |                                                                                                                                                                                                                                                   
|99.3*              | Management Discussion and Analysis for the year ended December 31, 2011                                                                                                                                                                           
|                   |                                                                                                                                                                                                                                                   
|Certifications    
|                  
|99.4               | Certificate of Chief Executive Officer Pursuant to Rule 13a-14(a) of the Exchange Act, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                                                                       
|                   |                                                                                                                                                                                                                                                   
|99.5               | Certificate of Chief Financial Officer Pursuant to Rule 13a-14(a) of the Exchange Act, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                                                                       
|                   |                                                                                                                                                                                                                                                   
|99.6               | Certificate of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                                                                                   
|                   |                                                                                                                                                                                                                                                   
|99.7               | Certificate of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                                                                                   
|                   |                                                                                                                                                                                                                                                   
|Consents          
|                  
|99.8               | Consent of PricewaterhouseCoopers LLP                                                                                                                                                                                                             
|                   |                                                                                                                                                                                                                                                   
|99.9*              | Consent of Justin Tolman                                                                                                                                                                                                                          
|                   |                                                                                                                                                                                                                                                   
|99.10*             | Consent of Jerry Perkins                                                                                                                                                                                                                          
|                   |                                                                                                                                                                                                                                                   
|99.11*             | Consent of Graham Holmes                                                                                                                                                                                                                          
|                   |                                                                                                                                                                                                                                                   
|99.12*             | Consent of Alex Duggan                                                                                                                                                                                                                            
|                   |                                                                                                                                                                                                                                                   
|99.13*             | Consent of Carlos Guzman                                                                                                                                                                                                                          
|                   |                                                                                                                                                                                                                                                   
|99.14*             | Consent of David Coupland                                                                                                                                                                                                                         
|                   |                                                                                                                                                                                                                                                   
|99.15*             | Consent of John Wells                                                                                                                                                                                                                             
|                   |                                                                                                                                                                                                                                                   
|99.16*             | Consent of Louis Nguyen                                                                                                                                                                                                                           

* Previously filed with the Company’s annual report on Form 40-F as filed with the Securities and Exchange Commission on March 30, 2012.