Mr. Bruce Smith reports

EXPLORATION UPDATE: RADIUS EXERCISES OPTION ON HIDEKEL CONCESSIONS ADJACENT TO TIERRA ROJA, PERU

Radius Gold Inc. has signed a mining assignment and option agreement to acquire the 1,800-hectare Hidekel concessions directly adjoining its 100-per-cent-owned Tierra Roja copper project in southern Peru (see press release Feb. 28, 2025). The remaining concessions under review have been released. The signing of this mining assignment and option agreement consolidates Radius's land position at Tierra Roja and strengthens the company's control over one of the most compelling copper exploration targets in the district.

Drill permitting and progress update

Radius has advanced permitting and preparation for the first drill program at Tierra Roja. The company has secured key approvals required to drill, including:

• Ficha Tecnica Ambiental (FTA) authorizing drilling and construction of up to 20 drill platforms and access roads;
• Archaeological permit confirming clearance of cultural heritage impacts;
• Water supply contract with a licensed provider;
• Selected local drill contractor;
• Federal land-use certification confirming the project area is unoccupied government land.

An additional access waiver is required, which is in progress. Radius's legal team has advised that the final authorization for initiation of activities is expected to be issued beginning of November.

Radius remains well financed and has sufficient cash reserves to complete the planned drill program once final approvals are received.

Management comments

Bruce Smith, president and chief executive officer of Radius Gold, stated:

"The acquisition of the Hidekel concessions secures a key extension of our Tierra Roja project. Our team is eager to commence the first drill program on this compelling copper target. While the administrative process for final approvals is taking longer than anticipated, we remain confident in resolving these outstanding requirements soon."

Qualified person

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

Qualified person

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.

We seek Safe Harbor.