Exploration Update: Radius Advances Tierra Roja Permits and Reviews Project Portfolio

(TheNewswire)

January 21, 2026 – TheNewswire - Vancouver, Canada – Radius Gold Inc.(TSXV: RDU) ("Radius" or the "Company")provides an update on its exploration activities and project portfolioin Peru, Mexico and Guatemala.

Tierra Roja Copper Project,Peru

Radius continues to advance permitting activities at the Tierra Rojacopper project in southern Peru. The technical review for access hasbeen approved by the Regional Government of Arequipa (GREM),representing a key milestone in the permitting process.

Project documentation is currently being processed by theSuperintendencia de Bienes Nacionales (SBN) for evaluation of surfacerights and issuance of a Temporary Surface Use Permit. Uponcompletion, Radius expects to have all required approvals in place,including access authorization, Ficha Técnica Ambiental (FTA),archaeological clearance and drill contracts, enabling application toGREM for the Authorisation to Commence Activities.

The exploration team has completed logistical and technicalpreparations, with multiple drill targets defined for testing oncepermits are granted. The appointment of Alejandro Ly as VicePresident, Exploration in November 2025, based in Lima, hassignificantly advanced the permitting process and project readiness.

Alejandro Ly, VP Exploration comments: “The progress achieved at Tierra Roja over recent months reflectsa focused effort to advance permitting and prepare for drilling. Withkey approvals nearing completion, we believe the project is wellpositioned for the next phase of exploration.”

Amalia Gold Silver Project –Chihuahua, Mexico

Between 2019 and 2022, Radius and joint venture partner Pan AmericanSilver Corp. completed 67 drill holes for 23,058 meters of diamonddrilling at the Amalia Project, defining high-grade gold-silvermineralization at the Amalia and El Cuervo zones.

Further significant drill interceptions were reported in the lastdrill holes (eg August 30 2022, AMDD-066 13.55M @ 841 g/t Ag and 10.25g/t Au) and remain open to expansion along strike and down dip. Alongthe 6 km strike of the system multiple targets remain untested.

Pan American held the right to earn 65 % interest under an existingoption agreement. As operator Pan American Silver suspended work onthe property during merger negotiations with Yamana in 2022. Radiuscontinues discussions with Pan American with the objective of agreeinga pathway forward for the Amalia gold-silver project thatappropriately reflects the value of the Amalia asset to Radius’sshareholders.

Holly Gold Silver Project –Guatemala

In Guatemala, regional mining activity continues to advance, providinga positive backdrop for the Holly gold-silver project. Radius holds a40% interest in the Holly project through a joint venture withVolcanic Gold Mines Inc. The project hosts a high-grade epithermalgold-silver system with multiple vein structures. Holly’s Peña vein hosts inferred resources of 1.32Mt at 6.46g/t Au and 256 g/t Ag. The effective date of the Mineral ResourceEstimate is June 7, 2022 and a Technical Report on the Holly propertyis filed on the Company’s website and SEDAR+.

The commencement of construction works at Aura Minerals’ Era Doradaunderground mine, 40km south of Holly highlights renewed developmentmomentum within the district. The Era Dorada gold deposit hosts over 3million ounces in Measured and Indicated (M&I) resources.

Regional Portfolio Activity andStrategic Positioning

Radius continues to evaluate new gold, silver and copper opportunitiesin Mexico, Peru and Chile. Two projects are currently in advancedstages of technical review and commercial due diligence.

Qualified Person

Bruce Smith, M.Sc. (Geology), a member of theAustralian Institute of Geoscientists, is Radius’ Qualified Personas defined by National Instrument 43-101 - Standards of Disclosure forMineral Projects. Mr. Smith has 30 years of mineral explorationexperience and has prepared and approved the technical informationcontained in this news release.

Radius Gold Inc.

Radius has a portfolio of projects located in Mexico,Guatemala and Peru which it continues to advance, utilizingpartnerships where appropriate to retain the Company’s treasury. At the same time, management is seeking out additional investmentand project acquisition opportunities across the globe.  Radius is amember of the Gold Group of companies, led by Simon Ridgway.  You mayfind more information on Radius Gold at www.radiusgold.com orwww.sedarplus.ca.

ON BEHALF OF THE BOARD

Bruce Smith

President and CEO

Symbol: TSXV-RDU

Contact:  Bruce Smith

1111 Melville Street, Suite 1000

Vancouver, BC  V6E 3V6, Canada

Tel: 604-801-5432;  Toll free 1-888-627-9378;  Fax:604-662-8829

Email: [email protected]

Website: www.radiusgold.com

Neither the TSX Venture Exchange norits Regulation ServicesProvider (as that term is defined in the policies of the TSX VentureExchange) acceptsresponsibility for the adequacy or accuracy of this release.

Forward-looking statements

Certain statements contained in this news release constituteforward-looking statements within the meaning of Canadian securitieslegislation. All statements included herein, other than statements ofhistorical fact, are forward- looking statements and include, withoutlimitation, statements about the Company’sexploration plans. Often, but not always, these forward lookingstatements can be identified by the use of words such as“estimate”, “estimates”, “estimated”, “potential”,“open”, “future”, “assumed”, “projected”, “used”,“detailed”, “has been”, “gain”, “upgraded”,“offset”, “limited”, “contained”, “reflecting”,“containing”, “remaining”, “to be”, “periodically”, orstatements that events, “could” or “should” occur or beachieved and similar expressions, including negative variations.

Forward-looking statements involve known and unknown risks,uncertainties and other factors which may cause the actual results,performance or achievements of the Company to be materially differentfrom any results, performance or achievements expressed or implied byforward-looking statements. Such uncertainties and factors include,among others, whether the planned exploration work at the Company’sprojects will proceed as intended; changes in general economicconditions and financial markets; the Company or any joint venturepartner not having the financial ability to meet its exploration anddevelopment goals; risks associated with the results of explorationand development activities, estimation of mineral resources and thegeology, grade and continuity of mineral deposits; unanticipated costsand expenses; and such other risks detailed from time to time in theCompany’s quarterly and annual filings with securities regulatorsand available under the Company’s profile on SEDAR+at www.sedarplus.ca.  Although the Company has attempted toidentify important factors that could cause actual actions, events orresults to differ materially from those described in forward-lookingstatements, there may be other factors that cause actions, events orresults to differ from those anticipated, estimated or intended.

Forward-looking statements contained herein are based on theassumptions, beliefs, expectations and opinions of management,including but not limited to: that the Company’s stated goals andthe planned exploration and development activities at its propertieswill be achieved; that there will be no material adverse changeaffecting the Company or its properties; and such other assumptions asset out herein. Forward-looking statements are made as of the datehereof and the Company disclaims any obligation to update anyforward-looking statements, whether as a result of new information,future events or results or otherwise, except as required by law.There can be no assurance that forward-looking statements will proveto be accurate, as actual results and future events could differmaterially from those anticipated in such statements. Accordingly,investors should not place undue reliance on forward-lookingstatements.

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