Preparation Underway to Restart Exploration at Holly Property with a Focus on Increasing the High-grade Resource

(TheNewswire)

March 3, 2025 – TheNewswire - Vancouver, Canada – Radius Gold Inc. (TSXV:RDU) (“Radius” or the “Company”) and joint venture partner,Volcanic Gold Mines Inc. (TSXV: VG) (“Volcanic”) are pleased toannounce the resumption of explorationactivities on the Holly Property in Guatemala. Previous drilling in2021-22 at Holly defined an inferred resource of 1.32 million tonnesat 6.46 g/t Au and 256 g/t Ag (1) .

Spectacular grades were obtained in the last drillcampaign where north-west trending epithermal veins cut theregional-scale east-west trending Jocotán fault breccia. Drilling hasdefined continuous high-grade mineralization along the La Peña vein to approximately 200 mbelow surface which remains open to depth and on strike. The La Peña vein has beentraced over 50 m into the metamorphic phyllites to the north of the Jocotán breccia with grades of up to 15.55 m at 7.67 g/t gold and615 g/t silver (drill holeHDD-21-015) . To the South of the Jocotánbreccia, high-grade intercepts have been returned where drillholes cutthe vein in a sequence of interbedded volcanic and sedimentaryrocks . The highest-grade drill intercept todate, 4.58 m at 79.84 g/t gold and 5,053 g/tsilver (drill hole HDD-21-023), occurs in a thick mudstone unit at thebase of the current mineral resource . The areaaround this high-grade drill intercept and the depth continuation ofthe intersection of the Peña vein and the Jocotán breccia are priority targets for further drilling.

The Peña vein is only one of severalepithermal veins on the Holly property. Insufficient drill density onother veins means that they have not been included in the currentmineral resource estimate, but they contain significant gold-silvermineralization that may add to the overall Holly resource with furtherdrilling. The stand-out Pino vein which cuts the Jocotán breccia only 650 m to the eastof the Peña vein has a strike length of at least 100 m defined byrock chip samples. Three exploration drillholes at the northern end ofthe vein returned drill intercepts of (1) 3.60 m at 22.03 g/t gold and697 g/t silver, (2) 4.23 m at 4.00 g/t gold and 136 g/t silver, and(3) 3.17 m at 2.93 g/t gold and 284 g/t silver, all from within 40 mof the surface. These exploration drill results are comparable withthe best intercepts at La Peña vein.

Drilling permits are in place and the Volcanic team isworking with landowners, local authorities and the local community fora social licence to operate. Additional drilling will aim to extendthe depth and strike extent of mineralization and tighten drillspacing to upgrade the confidence level of the mineral resource.

Initial drilling will test the two priority areasoutlined above: (1) defining the strike length and tracking the Peñavein down-dip where the mineral resource could potentially beexpanded, and (2) additional drilling on the Pino vein to bring theexisting high-grade drill intercepts into the mineral resource.

Figure 1: Vertical long section along the Pena veinlooking 040 ° northeast showing drill intercepts and interpretedgeology. The area around the isolated high-grade intercept in the mudstone in drillhole HDD-21-023(labelled 23) is targeted for infill and extension drilling.

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Figure 2: Holly project interpreted surface geology,surface rock chip samples, and selected drill intercept projected tosurface.

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Drill intercepts in the Peñavein hosted by the Jocotán breccia

*Reported as 5.29 g/t Au in news release July 7, 2021prior to receiving laboratory overlimit re-assay. Recalculated as 5.45g/t Au using final assay results.

Drill intercepts in the Peñavein hosted by metamorphic phyllite rock

Drill intercepts in the Peñavein hosted by the interbedded volcanic andsedimentary unit

Drill intercepts in the Pino vein hosted by theJocotán breccia

(1) News Release, Volcanic Gold Mines Inc. Volcanicfiles NI 43-101 technical report for Initial Resource Estimate atHolly Project, Guatemala, July 27, 2022.

Simon Ridgway, President and CEO of Volcanic GoldMines, commented: “Since 2022 when demonstrations resulted insuspension of the drilling campaign, we have worked with the localcommunity promoting the benefits that resource development can bring.There is a sense now that the attitude towards foreign investment andmetallic mining is changing for the better and feedback from the localcommunity is positive. We feel the time is right to reactivate what isan exciting high-grade gold-silver prospect at Holly. The nextdrilling campaign will be an opportunity to further support theexisting mineral resource estimate and to start bringing some of theother veins in the Holly system into the resource envelope.”

Technical Information

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.

The Holly project mineral resource of 1.3 Mt at6.5 g/t for 270,000 oz contained gold and 11 Moz at 260 g/tcontained silver, which equates to 9.6 g/t at 410,000 oz goldequivalent with an effective date 7 June 2022.

1. Resources estimated using a 3.0 g/t gold equivalentcut-off grade and a top cap grade of 100 g/t Gold and 2,000 g/tSilver and presented on a 100%-basis.

2. Gold Equivalent Au(eq) values were based on Au$1800 andAg$22 using formula (Au g/t + (Ag g/t*0.01222)).

3. Mineral Resources are not Mineral Reserves and have notdemonstrated economic viability. The estimate of Mineral Resources maybe materially affected by environmental, permitting, legal, marketing,or other relevant issues. The mineral resources in this report wereestimated using the Canadian Institute of Mining, Metallurgy andPetroleum standards on mineral resources and reserves, definitions,and guidelines prepared by the CIM standing committee on reservedefinitions and adopted by the CIM council. Notwithstanding, to meetthe requirement that the reported Mineral Resources show “reasonableprospects for eventual economic extraction”.

4. The quantity and grade of reported Inferred resourcesin this estimation are uncertain in nature and there has beeninsufficient exploration to define these Inferred Resources as anIndicated or Measured Mineral Resource. It is uncertain whetherfurther exploration will result in an upgrade to Indicated or MeasuredMineral Resource category.

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 or www.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: info@goldgroup.com

Website: www.radiusgold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined inthe policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of thisrelease.

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 results of explorationwork and future plans at the Company’s projects . Often, butnot always, these forward looking statements can be identified by theuse 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”, or statements that events,“could” or “should” occur or be achieved and similarexpressions, 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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