🕐06.04.10 - 18:07 Uhr

Extorre Reports More High Grade Results From Completed Cerro Moro In-Fill Drilli
ng ; New Resource Due in April



You can view online version http://extorregoldmineslimited.cmail1.com/t/y/e/ohjqy/uudljlhrj/ or unsubscribe http://extorregoldmineslimited.cmail1.com/t/y/u/ohjqy/uudljlhrj/ from our list. Extorre Reports More High Grade Results From Completed Cerro Moro In-Fill Drilling ; New Resource Due in April Vancouver, B.C., April 5, 2010 – Extorre Gold Mines Limited (TSX :XG, Frankfurt: E1R, OTC: EXGMF – "Extorre" or the "Company") is pleased to report the completion of its in-fill drilling program at Cerro Moro, Santa Cruz Province, Argentina.

Of the final 106 diamond drill holes assayed, 59 holes returned significant results, including 27 with very high grades.

Most notable was a bonanza intersection in MD753 with 3.4 metres (11.2 feet) at 448 .8 g/t (13.0 oz/ton) gold equivalent*. Selected high grade results at a 1 g/t gold equivalent* cut-off grade are reported below (abbreviations used are metres ("m") and grams per tonne ("g/t")):
To view table data please view the release on the Extorre website. http://www.extorre.com
* Gold equivalent grade is calculated by dividing the silver assay result by 60, adding it to the gold value and assuming 100 % metallurgical recovery. # Note: drill holes MD710, MD756, and MD828 contained intervals with core recoveries less than 85%.

The mineralized interval in MD710 averaged 63%.

The mineralized interval in MD756 between 139.45m and 143.52m averaged 75%.

The mineralized interval in MD828 averaged 83%.

As there is no correlation between gold and /or silver grades and core recovery in the database, the results have been presented above. Extorres Exploration Manager Matthew Williams stated, "The Escondida Vein in-fill drilling program comprised a total of 325 diamond drill holes, of which the above 106 drill hole batch completes the data package to be used by Cube Consulting ("Cube" ) for the estimation of a new NI43-101 mineral resource.

The latest results are consistent with earlier assay batches, where very high grade to bonanza grade assays characterise the six sectors that constitute the Escondida Vein. The completed in-fill drilling program is expected to satisfy our goal of converting a substantial part of the previously announced "inferred resource" category to the higher "indicated" category.

The entire data set is now with Cube to facilitate a scheduled release for the new resource estimate in April, 2010. That estimate will be followed by a preliminary economic assessment in Q3-2101that will set out the operating and capital costs for a potential mine at Cerro Moro. "Exploration drilling is continuing at Cerro Moro, testing potential extensions to the Escondida Vein and a number of other areas referred to as Fomicruz JV, Esperanza, Gabriela and Carla. Two rigs are performing this drilling with a third being used for drilling required for water and engineering studies." The location of the 59 drill holes reported in the table above is shown on the following plan and longitudinal sections.

Of 47 diamond drill holes that returned less significant results, 24 holes returned narrow and/or low grade intersections and 23 holes were poorly mineralized. Click Here for the sections and plans
Quality Control and Assurance Drill widths presented above are drill intersection widths and may not represent the true widths of mineralization. Gold assay results presented above are preliminary and have been calculated using a 1.0 g/t gold equivalent cut-off grade, with no cutting of high grades.

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 Acme Analytical Laboratories ("AcmeLabs") preparation facility in Mendoza, Argentina and assayed by fire assay (50 gram charge) at the AcmeLabs laboratory in Chile, both ISO-9001:2000 certified laboratories. Check assaying of all samples assaying greater than 1.0 g/t gold is completed by Acme Labs.

Samples returning greater than 10 g/t gold and/or greater than 100 g/t silver are assayed using gravimetric analyses.

Standard and blank samples are used throughout the sample sequence as checks for the diamond drilling reported in this release.

Standard, blank and duplicate samples are used throughout the sample sequence as checks for the RC percussion drilling. Assaying by the screen fire assay method has been implemented in conjunction with standard 50 gram fire assaying, for diamond drill cores that contain visible gold.

The procedure for screen fire assaying involves crushing and sieving of a nominal 1,000 gram sample to a particle size of 100 microns.

All material which does not pass through the 100 micron sieve is then assayed .

Two fire assays are undertaken on the undersize material as a check on homogeneity.

The total gold content is then calculated. Matthew Williams, Extorres 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 Extorre Extorre Gold Mines Limited is a Canadian public company listed on the Toronto Stock Exchange under the symbol "XG".

It is a spin -out entity from Exeter Resource Corporation ("Exeter") pursuant to a March 11, 2010 shareholder vote to split into two independently focussed public companies. Extorres assets comprise approximately $25 million in cash plus the Cerro Morro and Don Sixto projects, and all other Exeter exploration properties in Argentina.

Exeter retained all assets relating to the Caspiche gold-copper discovery in Chile, together with approximately $45 million in working capital. Extorre will initially apply for listing on the OTCQX exchange. That listing will be followed by an application to list on the NYSE-Amex.

Listing is subject to Extorre receiving exchange acceptances of its listing application. The Cerro Moro Project in Santa Cruz Province, Argentina is currently 100% owned by Extorre.

The Santa Cruz Government mining company, Fomicruz S.E.

is entitled to a 5% participating interest on completion of mine permitting.

In July, 2009, a NI 43-101 compliant inferred mineral resource estimate was announced for drilling completed to the end of 2008.

The estimate comprised 646,000 ounces gold equivalent at a grade of 18 g/t gold equivalent*(or 0.5 oz/ton gold equivalent*). You are invited to visit the Extorre web site at www.extorre.com
EXTORRE GOLD MINES LIMITED Eric Roth President and CEO [mailto:] For further information, please contact: Rob Grey, VP Corporate Communications Tel: 604.688.9592 Fax: 604.688.9532 Toll-free: 1.888.688.9592 Suite 1260, 999 West Hastings St. Vancouver, BC Canada V6C 2W2 *Inferred mineral resource estimate of 1,098 Mt containing 371 ,000 ounces gold at a grade of 10.5 g/t and 19.2 million ounces silver at a grade of 545 g/t for 646,000 ounces gold equivalent at a grade of 18 g/t gold equivalent.

Gold equivalent is calculated by dividing the silver assay result by 70, adding it to the gold value and assuming 100% metallurgical recovery (see Exeter Resource Corporation news release NR 9-14 dated July 8, 2009). Safe Harbour Statement – This news release contains "forward -looking information" and "forward-looking statements" (together, the "forward-looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995, the Companys belief as to the extent and timing of its drilling programs, various studies including engineering, environmental, infrastructure and other studies, and exploration results, budgets for its exploration programs, the potential tonnage, grades and content of deposits, timing, establishment and extent of resources estimates, potential for financing its activities, potential production from and viability of its properties, permitting submission and timing and expected cash reserves.

These forward -looking statements are made as of the date of this news release. Readers are cautioned not to place undue reliance on forward -looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur.

While the Company has based these forward-looking statements on its expectations about future events as at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward -looking statements.

Such factors and assumptions include, among others, the effects of general economic conditions, the price of gold and silver, changing foreign exchange rates and actions by government authorities, uncertainties associated with legal proceedings and negotiations and misjudgments in the course of preparing forward-looking information.

In addition, there are known and unknown risk factors which could cause the Companys actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements.

Known risk factors include risks associated with the ability to obtain any necessary approvals, waivers, consents and other requirements necessary or desirable to permit or facilitate the proposed Arrangement, the risk that any applicable conditions of the proposed transaction may not be satisfied, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in metal prices; title matters; uncertainties and risks related to carrying on business in foreign countries; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters of the Company with certain other projects; the absence of dividends; currency fluctuations; competition; dilution; the volatility of the Companys common share price and volume; tax consequences to U.S.

investors; and other risks and uncertainties, including those relating to the Cerro Moro project and general risks associated with the mineral exploration and development industry described in Exeter Resource Corporations Annual Information Form for the financial year ended December 31, 2008, dated March 27, 2009 filed with the Canadian Securities Administrators and available at www .sedar.com.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward -looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended.

There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

Accordingly, readers should not place undue reliance on forward-looking statements.

The Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. Cautionary Note to United States Investors - The information contained herein and incorporated by reference herein has been prepared in accordance with the requirements of Canadian securities laws, which differ from the requirements of United States securities laws.

In particular, the term "resource" does not equate to the term "reserve".

The Securities Exchange Commissions (the "SEC") disclosure standards normally do not permit the inclusion of information concerning "measured mineral resources", "indicated mineral resources" or "inferred mineral resources" or other descriptions of the amount of mineralization in mineral deposits that do not constitute "reserves" by U.S., unless such information is required to be disclosed by the law of the Companys jurisdiction of incorporation or of a jurisdiction in which its securities are traded.

U.S.

investors should also understand that "inferred mineral resources" have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. Disclosure of "contained ounces" is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measures. NEITHER THE TSX NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE www.extorre.com Forward this email to a friend http://extorregoldmineslimited.forwardtomyfriend.com/y/uudljlhrj/6EF24B04/ohjqy/l



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