Abstract: An exterior panel system is disclosed. The exterior panel system has at least one panel having a main surface and at least one panel side wall. The system has at least one gutter having gutter surface and at least one gutter side wall. The system has a lower receiver configured to join the panel and the gutter to an exterior wall. The panel is located adjacent the gutter and the at least one panel side wall located adjacent to the gutter surface and adjacent to at least one gutter side wall. The exterior panel system is capable of providing water proofing or water resistance to the exterior of a building utilizing dry joins that do not require the use of seals or expandable sealant during installation.