Radius Gold Inc.
TSX.V: RDU     $0.25

News

News Releases

 September 24, 2009
Radius Gold Receives 1-million Focus Ventures Shares

 Vancouver, Canada: Ralph Rushton, a Director of Radius Gold Inc. (TSX-V: RDU), is pleased to report that with the graduation of Focus Ventures Ltd. ("Focus") to Tier 2 of the TSX Venture Exchange, the assignment agreement announced on March 18, 2009 between Radius and Focus covering the Nueva California gold project in Peru has been approved by the Exchange.

As per the terms of the agreement, Focus has issued one million common shares in the capital of Focus to Radius, and paid Radius US$50,000 cash. Focus has also granted to Radius a 1.5% net smelter return royalty on the property. At the close of markets on September 23, Focus' shares traded at $0.64.

Simon Ridgway, the President and CEO of Radius, commented: "Radius now has a solid stake in future exploration success at Nueva California. We're excited to watch this project progress and look forward to seeing drill results in the near future."

About Radius

Radius Gold Inc. has been exploring for gold in Central America for nearly a decade, and management is currently assembling a portfolio of royalties and joint ventures on promising gold projects across the Americas. In Guatemala, under joint venture with Kappes Cassidy, Radius is developing a small, high grade gold mining operation on the Tambor project. In Nicaragua, B2Gold is exploring Radius' extensive land holdings and investigating early gold production opportunities from the Pavon project.

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


ON BEHALF OF THE BOARD

"Ralph Rushton"
Ralph Rushton, Director


Investor relations: Ralph Rushton / Erin Ostrom
Symbol: TSXV-RDU; OTCBB-RDUFF
Shares Issued: 53.5-million

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
 
 

You can view the Next News Releases item: Tue Oct 6, 2009, Update on Tambor Gold Mine Project, Guatemala

You can view the Previous News Releases item: Wed Sep 23, 2009, Radius Gold Options Tlacolula Silver Project in Mexico to Fortuna Silver Mines Inc.

You can return to the main News Releases page, or press the Back button on your browser.