Mr. Bruce Smith reports

RADIUS GOLD COMPLETES $580,500 PRIVATE PLACEMENT FINANCING

Radius Gold Inc. has closed its previously announced non-brokered private placement with the issuance of 8,292,859 units at a price of seven cents per unit for gross proceeds of $580,500. Each unit consists of one common share of the company and one warrant entitling the holder to purchase one common share at a price of 10 cents for a period of one year following the closing of the private placement.

In connection with the placement, the company paid cash finders' fees totalling $7,560. The net proceeds of the private placement are intended to be used to finance an exploration program on the Tierra Roja copper project in Peru, and for general working capital purposes.

The common shares and warrants issued on closing are subject to a regulatory resale restriction until March 1, 2025. The placement is subject to the final approval of the TSX Venture Exchange.

About Radius Gold Inc.

Radius has a portfolio of projects located in Mexico, Guatemala and Peru, 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.