Radius Gold Inc.
TSX.V: RDU     $0.28

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 October 13, 2006
Radius Provides Natividad Drilling Update

 Natividad North Drill Results (PDF, 480 kb)
Natividad Central Drill Results (PDF, 468 kb)

Vancouver: Simon Ridgway, President of Radius Gold Inc. ("Radius") is pleased to report that as of September 30th, Meridian Gold Inc. ("Meridian") has completed a total of 4,430m of drilling in 27 holes in the second phase of drilling at the Natividad concessions in Nicaragua under its joint venture agreement with Radius. Drilling to date has tested the Manceras, Las Brisas, Ahumada, Pavon Central and Pavon North veins. Drilling is currently underway at the Las Vallas zone with approximately 1,000m planned.

Overall, results to date from the veins in the southern portion of the property, the Las Brisas and Ahumada veins, have been disappointing and have failed to extend the mineralized shoots intersected in last year's drilling. Strong veining with highly favorable textures was intersected in the drill holes but results generally failed to exceed 2 g/t gold, with a best intercept of 0.55m @ 9.17 g/t Au in hole NAT-06-049.

Results from the drilling at Pavon Central and Pavon North veins show more encouragement with a couple of significant intercepts, although here also deeper drilling shows a dramatic decrease in veining and gold grades. The best result from Pavon Central was 30.54m @ 5.84 g/t Au in hole NAT-06-060 from a vein/breccia zone that included 7.0m @ 11.26 g/t Au, and at Pavon North hole NAT-06-067 cut 20.2m @ 3.22 g/t Au including 4.52m @ 7.25 g/t Au.

Full results received to date are shown in the table below and collar locations and key drill sections can be found on the Radius Gold web site (www.radiusgold.com).
Hole No.    From(m)  To (m)   Int (m)  Au (g/t)
      
NAT06-044   No significant intersection   
NAT06-045   No significant intersection   
            
NAT06-046   169.45   172.30    2.85     4.25
            
NAT06-047   169.16   172.11    2.95     1.95
            175.26   176.47    1.21     2.03
            215.58   216.46    0.88     2.73
            
NAT06-048   229.83   230.54    0.71     6.53
            
 
NAT06-049    88.73    91.26    3.53     2.99
            
NAT06-050    48.76    54.86    6.10     2.00
             59.43    60.96    1.53     3.00
            
NAT06-051   No significant intersection   
            
NAT06-052    53.44    54.86    1.42     1.39
             68.02    69.30    1.28     1.09
            
NAT06-053   No significant intersection   
NAT06-054   No significant intersection   
            
NAT06-055   120.40   121.25    0.85     1.13
            
NAT06-056   No significant intersection   
NAT06-057   No significant intersection   
NAT06-058   No significant intersection   
NAT06-059   No significant intersection   
            
NAT06-060   54.86     85.4    30.54     5.84
including   72.70     79.70    7.00    11.26
NAT06-061   42.67     44.08    1.41     3.12
            
NAT06-062   62.78     67.83    5.05     2.33
            
NAT06-063   No significant intersection   
            
NAT06-064   41.60     42.67    1.07     1.10
            43.60     48.26    4.66     2.68
            49.57     54.25    4.68     6.87
            
NAT06-065   No significant intersection   
            
NAT06-066   71.00     71.50    0.50     3.23
            
NAT06-067   29.60     49.81   20.21     3.22
including   29.60     34.12    4.52     7.25
NAT06-068   57.67     58.32    0.65     1.12
            59.49     59.94    0.45     1.10
            64.08     64.48    0.40     1.71
            89.79     90.52    0.73     2.75
            98.36    101.48    3.12     2.09
           102.75    103.69    0.94     1.42
            
 

NAT06-069   67.23     69.93    2.70     1.09
            73.12     73.77    0.65     1.34
            75.89     76.39    0.50     1.92
            77.27     80.37    3.10     1.03
            85.48     89.57    4.09     1.33            

Following the completion of drilling at Las Vallas and receipt of results, the management committee will be meeting to assess the results and evaluate the potential for a near-surface target. Results from Las Vallas will be released when they have been received from Meridian.

Background

The Natividad (El Pavon) low sulphidation epithermal vein system was discovered by Radius in 2003. In September 2004, Meridian optioned Natividad from Radius. The agreement gives Meridian the exclusive option to acquire a 60% interest in El Pavon by spending an agreed amount on exploration, completing a feasibility study within four years and paying to Radius a set amount per ounce of resource defined by the feasibility study for the 60% of the ounces Meridian will acquire (see release NR-RGI5, Sept. 23rd 2004).

Mark Hawksworth, M.Sc., P.Geol., an employee of Meridian Gold Inc., is the Qualified Person, as defined in NI 43-101, responsible for the design and management of the Natividad exploration program, including the current drill program.

Harmen Keyser, P.Geol., a Director of Radius, is the Qualified Person as defined in NI 43-101, and has verified that the results presented in this press release have been accurately summarized from the drill data provided to the Company by Meridian Gold Inc.

For further information on Radius Gold Inc., please call toll free 1-888-627-9378 or visit our web site (www.radiusgold.com).

The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release.

ON BEHALF OF THE BOARD

"signed"
Simon Ridgway, President

Symbol: TSXV-RDU; OTCBB-RDUFF
Shares Issued: 53.3-million
 
 

You can view the Next News Releases item: Thu Nov 9, 2006, Radius provides update on its gold exploration programs

You can view the Previous News Releases item: Tue May 30, 2006, Second Phase Drilling Starts at Radius's Natividad Project, Nicaragua

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