Radius Gold Inc.
TSX.V: RDU     $0.28

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 October 16, 2007
Update on Nicaragua Exploration Programs

 Simon Ridgway, President of Radius Gold Inc. (TSX-V: RDU) is pleased to provide further results from its exploration projects located in Nicaragua.

Trebol trenching returns 4.9 g/t Gold over 35.2 meters, including 8.35 g/t Gold over 17.6 meters

Mapping, prospecting and trenching have further expanded the broad zone of alteration and mineralization at its Trebol property to over 5.6 km in strike length, comprising a series of low-lying, silicified volcanic ridges. A total of 13 trenches have now been excavated and sampled.

Trenching to date has highlighted two areas, some 2.6 km apart, in the vicinity of trenches TRSD-02, 03 & 04) and TRSD-05 & 06 respectively. Surface rock exposure is limited due to soil and vegetation cover, and trench locations were based on results from sampling of available outcrops. Results from initial sampling at trenches TRSD-03 and TRSD-04 were previously reported by Radius and were extended to 34.0 and 35.23 m respectively. An updated map showing trench locations can be found on the Radius website at www.radiusgold.com.

Trench Results

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                     Sampled  Weighted Average
Trench Number       Interval            Au g/t
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TRSD-01(i)              13.5              0.24
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TRSD-02(i)              10.4              1.34
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TRSD-03                 34.0               1.0
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TRSD-04                35.25              4.91
includes                8.35              17.6
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TRSD-05                11.65               2.7
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TRSD-06                 10.0              0.93
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TRSD-07                 13.4               0.5
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TRSD-08                12.65              0.75
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TRSD-09                19.43              0.37
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TRSD-10                  9.0              0.37
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TRSD-11                 11.8              0.38
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TRSD-12                 11.0              0.29
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TRSD-13                  6.0              1.73
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(i) reported previously - see press release 29 May 2007
Trench TRSD-03 is located 150m from trench TRSD-02. Trench TRSD-04 is located 700m from Trench TRSD-03. Highest gold grades are associated with massive sugary quartz veins, breccias and stockworks, with abundant iron oxides and pyrite. Lower gold grades (<2 g/t) are hosted by intervals of andesitic volcanics with weaker silicification/stockworks, chalcedonic quartz veining and strong clay-sericite alteration.

The mineralization appears to be controlled by several structural trends, and broader areas of alteration and mineralization appear to coincide with several structural "nodes" where different trends converge. Additionally, prospecting and sampling has shown anomalous gold values in rocks over 1km west and east of the main trend, with up to 6 g/t gold reported and associated with similar low-lying ridges and topographic highs.

All trenches started and ended in mineralized and/or altered rock with anomalous gold values. The full width of the mineralized system at Trebol remains unconstrained due to soil and vegetation cover.

The sampling reported above was undertaken before the region was affected by Hurricane Felix, (see press release dated 12 Sept 2007.) The Category 5 storm caused widespread damage in the region. Work at Trebol has been effectively suspended until crews can safely return to the area.

Radius begins work at La Flor

The La Flor property is located some 10 km immediately south of the Trebol, and is a new acquisition by the Company (see press release 12 Sept 2007). Trenching and sampling has commenced at Linda Ventura located within the 15,605 hectare La Flor concession. The main Linda Ventura vein has been traced for at least 1.1 km, and several new veins have been located. Previous sampling of the main workings at Linda Ventura gave trace to 8.5 g/t Au, with visible gold in many samples. A total of 21 trenches have been excavated and sampled, and 9 line km of soil samples have been taken, with results pending. Regional mapping and sampling have also commenced within the remainder of the La Flor concession, where several other low sulphidation vein systems are known.

Radius acquires the Estrella de Oro Gold Project

Title has recently been granted to a new epithermal gold property in north-central Nicaragua. The Estrella de Oro property consists of 46,220 hectares and is located 17 km west of the town of Siuna, within Nicaragua's "Golden Triangle". An all-weather dirt road transects the central part of the property.

In the Cerro Estrella area, old mine workings are present along two parallel, north-easterly trending structural zones and comprise quartz veins and breccias hosted within crystal and lithic tuffs. The most southerly vein contains visible gold and is approximately 12m in width and exposed over some 400m in old trenches and pits. Rock channel samples of vein material taken by Radius assayed from trace to 21.5 g/t Au over 2m and 22.4 g/t Au over 1m. The zone remains open to the northeast and southwest.

Future work by Radius will consist of stream sediment sampling, mapping, trenching and channel sampling to define the extent of the known mineralization and locate additional target areas for follow-up and drilling.

Assay Protocol & Qualified Person

All sample preparation and analyses were conducted by CAS Laboratories in Tegucigalpa, Honduras. Samples were analyzed for Au, using a 30 gram pulp with Fire Assay, AA finish. Check assays are undertaken by Acme Laboratories in Vancouver.

The scientific and technical information in this release was prepared under the supervision of Mr. David Cass, Radius's Vice-President of Exploration, who is a member of the Association of Professional Engineers and Geoscientists of British Columbia, and a "Qualified Person" in accordance with National Instrument 43-101.

About Radius

Radius Gold is a well-funded, Canadian junior gold explorer with a portfolio of exploration properties in Mexico, Nicaragua, Guatemala, Ecuador and Peru. The Company's strategy is to build value for shareholders by the identification, acquisition and exploration of early-stage properties that show significant potential for the discovery of gold.

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
"Simon Ridgway"
Simon Ridgway, President
Investor relations: Ralph Rushton / Erin Ostrom Symbol: TSXV-RDU; OTCBB-RDUFF Shares Issued: 53.3-million
 
 

You can view the Next News Releases item: Mon Oct 22, 2007, Radius's Tambor Exploration Adit Returns Additional Intercept of 65.6g/t Gold Over 4.45m

You can view the Previous News Releases item: Tue Sep 25, 2007, Radius Commences Exploration at the Rubi gold - silver Property, Peru

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