Mr. Bruce Smith reports

RADIUS GOLD PROVIDES FINAL RESULTS FOR DRILLING AT TROPICO PROJECT

Radius Gold Inc. has released final results for drilling at its Tropico project, located in the Fresnillo mining district in Zacatecas, Mexico. The company completed a 1,300-metre program of diamond drilling in eight drill holes, with all pending assays received.

Drilling defined a large, gold-mineralized breccia body that starts at surface and, to date, continues 250 m down dip. Gold grades were starting to increase with depth from holes 1, 2, 3, 4 and 6 (see press release dated Nov. 7, 2023), but unfortunately the latest gold assay results from the deepest hole (hole 8) are weak (see an attached table). The drilling encountered wide zones of classic low-sulphidation epithermal alteration, high-level chalcedonic silica, banded stockwork and massive quartz veining, and breccias with gold mineralization, but not significant high-grade mineralization.

Given the unexpected flat dip of the target breccia to the east and the significantly lower gold assays in hole 8, pursuing the breccia body down dip is not justified at this time. Radius's geological team interprets the breccia body to be part of a larger diatreme and/or explosive volcanic breccia system. Targeting the source of the epithermal gold mineralization will require further evaluation and likely an agreement with Geological Survey of Mexico (GSM), which controls ground surrounding the Tropico property. Radius has had formal and positive discussions with the GSM, but any agreement would take considerable time.

Exploration focus

Radius has multiple compelling exploration projects, and in the coming months the focus of exploration activity will be on Plata Verde (Chihuahua, Mexico) and Motagua Norte (Guatemala). Radius will continue to work with its partner, Pan American Silver Corp., to restart drilling at Amalia (Chihuahua, Mexico), and progress the exploitation (mining) permit with Volcanic Gold at Holly (Guatemala). Further, Radius is constantly evaluating new projects to add to the portfolio of exploration targets.

Quality assurance/quality control

Drilling is carried out using PQ- and NQ-size tooling. Drill core is cut in half, using a rock saw, with one-half of the core then taken as a sample for analysis. Sample intervals are generally 1.5 metres, producing samples of between two to nine kilograms. Half core samples are delivered to the ALS Geochemistry laboratory facilities in Mexico. The samples are fire assayed for Au and are analyzed for Ag and multielements using method code ME-ICP61 following a four-acid digestion. Overlimits are analyzed using an appropriate method. Multielement geochemical standards and blanks are routinely entered into the drill core sample stream to monitor laboratory performance. Quality control samples submitted to ALS were returned within acceptable limits.

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, to retain the company's treasury. At the same time, management is seeking out additional investment and project acquisition opportunities across the globe.

We seek Safe Harbor.