Radius Gold Launches Tierra Roja Online Project Tour and Highlights Nearby Porphyry Copper Discovery

(TheNewswire)

February 3, 2025 – TheNewswire - Vancouver, BC – Radius Gold Inc. (TSX-V: RDU)("Radius" or the "Company") is pleasedto launch an online tour of its Tierra Rojacopper project, and to announce significant progress in drillpermitting and a new porphyry copper discovery in the vicinity thatunderscores the potential of the region.

A short tour of the Tierra Roja project is availableonline at : Tierra Roja project tour

Drill Permitting

Radius is pleased to announce that the Company hasacquired a water supply agreement to source sufficient water tooperate 5 drill rigs for the next 5 years. This supply agreement hasbeen signed off by a local magistrate and allows water trucks tosupply drilling operations. This is a significant step towards drillpermitting. Further, the Company has obtained federal notificationacknowledging that the project area has no registered or residentcommunity and is state owned, enabling the Company to proceed withdrilling and potentially mining operations without requiring communityconsultation.

Nearby Discovery Highlights Potentialat Tierra Roja

A recent porphyry copper discovery by a third partylocated 25 km west of Radius’s Tierra Roja project has gainedattention. AusQuest Limited (ASX: AQD) recently announced that itsmaiden drilling program at Cangallo Project identified a new,large-scale porphyry copper discovery, demonstrating the geologicalfertility of the region and extension north of the southern Peruporphyry copper belt. This discovery is situated within the samegeological setting as Tierra Roja and strengthens the case forexploration and discovery at Tierra Roja.

Bruce Smith, CEO and Director of Radius Gold,commented:

“The Southern Peru porphyry copperbelt is one of the most productive copper districts on the planet.There are 6 giant copper mines and several development projects whichoccur in a relatively small area of 200 x 100km along the coastalregions of Arequipa and Moquegua. This new discovery shows thepotential extension of this prolific terrain to the north encompassingthe Tierra Roja project. At Tierra Roja, we’ve already identifiedhigh grade copper mineralization at surface across an 800m x 800mtarget area.

Radius is targeting surface oxidecopper which has the potential for significant economic advantages:open pit, low strip, heap leach with low processing cost, no residentcommunities. We have made significant progress on drill permitting andexpect to have drill permits in hand in the coming months.”

Figure 1. Southern Peru porphyrycopper belt.

Click Image To View Full Size

Technical Information

Bruce Smith, M.Sc. (Geology), a member of theAustralian Institute of Geoscientists, is Radius’s Qualified Personas defined by National Instrument 43-101 - Standards of Disclosure forMineral Projects.  Mr. Smith has reviewed and approved the technicalinformation contained in this news release.

Radius Gold Inc.

Radius has a portfolio of projects located in Mexico,Guatemala and Peru utilizing partnerships where appropriate to retainthe Company’s treasury.  Management is seeking out additionalinvestment and project acquisition opportunities across the globe. Radius is a member of the Gold Group of companies, led by SimonRidgway.  You may find more information on Radius Gold at www.radiusgold.com or www.sedarplus.ca .

ON BEHALF OF THE BOARD

Simon Ridgway
Executive Chairman

Symbol: TSXV-RDU

Contact:  Bruce Smith
1111 Melville Street, Suite 1000
Vancouver, BC  V6E 3V6

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 norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange)  accepts responsibility for theadequacy or accuracy of this release.

Forward-looking statements

Certain statements contained in this news releaseconstitute forward-looking statements within the meaning of Canadiansecurities legislation. All statements includedherein, other than statements of historical fact, are forward- lookingstatements and include, without limitation, statements about the Company’s plans for itsproperties . Often, but not always, these forwardlooking statements 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”, or statements that events,“could” or “should” occur or be achieved and similarexpressions, including negative variations.

Forward-looking statements involve known and unknownrisks, uncertainties and other factors which may cause theactual results, performance or achievements of the Company to be materially different from any results, performance or achievementsexpressed or implied by forward-looking statements. Such uncertaintiesand factors include, among others, the Company’s exploration planswill proceed as expected; changes in general economic conditions andfinancial markets; the Company or any joint venture partner not havingthe financial ability to meet its exploration and development goals;risks associated with the results of exploration and developmentactivities, estimation of mineral resources and the geology, grade andcontinuity of mineral deposits; unanticipated costs andexpenses; and such other risks detailed from time to time in the Company’s quarterly and annual filings with securities regulators andavailable under the Company’s profile on SEDA R+ at www.sedarplus.ca . Althou gh the Company hasattempted to identify important factors that could cause actualactions, events or results to differ materially from those describedin forward-looking statements, there may be other factors that causeactions, events or results to differ from those anticipated, estimatedor intended.

Forward-looking statements contained herein are basedon the assumptions, beliefs, expectations and opinions ofmanagement, including but not limitedto: that the Company’s stated goals and the planned exploration anddevelopment activities at its properties will be achieved; that there will be no material adverse change affecting the Company or its properties; and such other assumptionsas set out herein. Forward-looking statements are made as of the datehereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events orresults or other wise, except as required by law.There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors shouldnot place undue reliance on forward-looking statements.

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