Mr. Bruce Smith reports

FRESNILLO PLC COMPLETES $171,000 PROPERTY PAYMENT AT PLATA VERDE; DRILLING ANTICIPATED TO START Q1 2024

Minera San Julian SA de CV, a wholly owned subsidiary of Fresnillo PLC, has paid $171,000 (U.S.) to Geometales del Norte-Geonorte SA de CV (Geonorte), a wholly owned subsidiary of Radius Gold Inc., under the terms of the exclusivity agreement for the development of the Plata Verde project in Chihuahua, Mexico. This amount has been used by Radius to finance payments pursuant to the underlying option agreements with the owners of Plata Verde's mining concessions. A maiden drill program is anticipated at Plata Verde in Q1 2024.

Under the terms of the exclusivity agreement between the companies (see news release July 19, 2023), Minera San Julian has an exclusivity period to Jan. 7, 2024, to negotiate a definitive agreement that would include an option agreement to earn a 70-per-cent interest in Plata Verde. Minera San Julian has the right to extend its exclusivity period for six additional months beyond Jan. 7, 2024, by providing Geonorte a minimum of $500,000 (U.S.) to commence drilling at Plata Verde. Such drilling shall be initiated within three months following Jan. 7, 2024.

Bruce Smith, Radius Gold president and chief executive officer, commented: "We are pleased with Fresnillo's, the world's largest silver mining company, continued commitment to the Plata Verde project, given some uncertainty over new Mexican mining regulations which have delayed the start of drilling. With the last payment of the exclusivity agreement completed, Radius anticipates drilling will start within the first months of 2024. Plata Verde is located in a historically prolific silver mining district. The Plata Verde property has shown widespread silver mineralization in surface and underground rock chip sampling, excellent silver recoveries in initial metallurgical testing, and it has never been drill tested. Our team looks forward to getting drills turning on this property in the near term."

About Radius Gold Inc.

Radius has a portfolio of projects located in Mexico and Guatemala which it continues to advance, utilizing partnerships where appropriate 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.

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