Mr. Bruce Smith reports

RADIUS GOLD PROVIDES UPDATE ON DRILLING AT TROPICO PROJECT AND LINK TO CORE PHOTOS

Radius Gold Inc. has provided an update on drilling at its Tropico project located in the Fresnillo mining district in Zacatecas, Mexico.

The initial hole TDD-001, planned for 300 metres to traverse the Tropico breccia pipe, encountered difficult drilling conditions and was abandoned at 56 m. Promisingly, immediately under the soil cover the hole started in silicified breccias and banded veins with strong fine-grained sulphides. The hole from 19 m to 56 m is intensely altered with clay, silicification, variable zones of hydrothermal breccias, and repeated sets of banded silica veins with fine sulphides and stockwork veining. Banded veining had not previously been seen on the property.

The drill rig has been stepped back from the target an additional 25 m and a new hole drilled deeper under hole TDD-001, this time using large-diameter PQ-sized core and casing which is expected to alleviate the drilling difficulties.

Radius plans to upload photos and videos of the core to its website as the drilling proceeds and shareholders will be able to follow progress as the 2,000 m initial program advances.

About the Tropico target

The Tropico target is defined by surface mapping and geochemical sampling outlining a sinter and silicified breccia pipe with a strong gold-mercury-arsenic-antimony geochemical signature (see news release, March 21, 2023). The Tropico gold system is roughly oval shaped, 450 m long by 250 m wide, orientated north-northeast. A CSAMT (controlled-source audio-magnetotelluric) survey defined a coherent resistive feature that precisely matched the surface geology, defining a robust pipe-shaped target that starts at surface directly below the outcropping silicification and extends to 800 m depth at the maximum extent of the survey. The resistive target is approximately 10 times more resistant than adjacent host rocks (see news release, June 7, 2023).

Location

The Tropico target is located 30 kilometres northwest of Fresnillo city, Zacatecas, Mexico. The Fresnillo mining district is one of the world's most productive epithermal systems and hosts the world's oldest continuously operating mines producing silver, gold, copper, lead and zinc for approximately five centuries, since 1554.

The district hosts over 150 veins, mantos and chimney deposits, including over 30 large-scale ore producers, and it continues to deliver more recent discoveries that include the multimillion-ounce silver and gold producer, the Juanicipio project, a joint venture between MAG Silver and Fresnillo PLC.

Radius entered into an option agreement with local claim owners to acquire 100 per cent of the property in March, 2023 (see news release, March 21, 2023).

Technical information

Bruce Smith, MSc (geology), a member of the Australian Institute of Geoscientists, is Radius's qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Mr. Smith has 30 years of mineral exploration experience and has prepared and approved the technical information contained in this news release.

About Radius Gold Inc.

Radius has a portfolio of projects located in Mexico and Guatemala which it continues to advance, utilizing partnerships where appropriate in order to retain the company's treasury. At the same time, management is seeking out additional investment and project acquisition opportunities across the globe. Radius is a member of the Gold group of companies, led by Simon Ridgway.

We seek Safe Harbor.