Mr. Bruce Smith reports

LONG TERM LAND ACCESS AGREEMENTS SIGNED AT MILA GOLD DISCOVERY ON THE MOTAGUA NORTE PROJECT, GUATEMALA

Radius Gold Inc. has signed long-term access agreements with property owners on the company's Cirilo I exploration licence, Motagua Norte project, in Guatemala. The Cirilo I exploration licence was granted in September, 2023, and covers an area of 13.5 square kilometres (4.5 km by three km). The land access agreements will allow access to, and exploration of, the high-grade Mila gold-silver prospect and nearby mineralized veins (see news release dated Oct. 11, 2023). An environmental permit to undertake surface and trench sampling is in place. Radius's joint venture (JV) partner, Volcanic Gold Mines, is preparing for a trenching and drilling campaign in the new year.

The Volcanic team has observed abundant visible gold at surface in veins and stockwork zones at Mila, with continuous lines of rock chip sampling across mixed outcrop, subcrop and colluvium boulder fields returning up to 34 m averaging 42 grams per tonne (g/t) gold and 24 m averaging 54 g/t gold. The exploration team is keen to start systematic work on the project to follow up on these exciting results. With access agreements signed, Volcanic will conduct a detailed geological mapping and trenching program, and prepare the way for drill testing in the new year. As the same time, Volcanic is engaging with the local communities to keep them informed and involved as the project moves forward.

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.

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.

We seek Safe Harbor.