Vancouver, British Columbia – Radius Gold Inc. (TSXV: RDU) (“Radius” or the “Company”) is pleased to report progress from its Plata Verde Project, located in Chihuahua, Mexico.

In July 2022 Radius announced an Exclusivity Agreement (the “Agreement”) with Minera San Julian, S.A. de C.V. (“Minera San Julian”), a wholly owned subsidiary of Fresnillo plc, for Plata Verde Project in Chihuahua, Mexico (see Radius’ news release of July 12, 2022). The Agreement granted Minera San Julian an exclusive right for nine months to carry out evaluation and exploration activities in order to negotiate an option agreement to earn a 70% interest in the project (the “Option Agreement”). The Option Agreement envisages Minera San Julian would commence drilling before 7 July 2023.