RADIUS GOLD INC. : http://www.radiusgold.com/ : QwikReport

News Releases

#August 31, 2012
Radius Gold sells Interest in Guatemala Gold Property

 Radius & the Tambor Gold Project

Radius sold 100% of its interest in the Tambor gold project to KCA in August 2012 for a deferred payment to made if, and only if, the project ever reaches commercial production (see news release below). Radius' Board of Directors would like to make clear that since the sale in 2012, Radius has had no input into the day-to-day management of the project, and has no influence on the permitting of the proposed mine, its construction, its operation or any decisions concerning access to the project.


Vancouver, Canada: Radius Gold Inc. (TSX-V: RDU) hereby announces the sale of its remaining interest in Exmingua S.A., the Guatemala based company that holds 100% of the Tambor Gold Project. Kappes, Cassiday & Associates ("KCA") has acquired the remaining interest from Radius, giving KCA a 100% interest in and to the Project. In consideration, KCA will repay to Radius approximately US$400,000 owing to the Company ($100,000 on signing, and approximately $300,000 once KCA has commenced shipment of gold produced from the property).

Also upon commercial production, KCA will make quarterly payments to Radius based on the then price of gold and the number of ounces produced from the property. Radius remains optimistic that commercial production will be achieved at Tambor and the Company will be reimbursed for the investment it has made in the region since discovering gold at Tambor in the year 2000.

Ralph Rushton, the President of Radius, said: "The sale of our interest in the Tambor Project is part of our corporate strategy to divest problematic assets, allowing the Company to concentrate capital and expertise on areas less conflicted regarding development in the region."

About Radius

Radius has been exploring for gold in Latin America for over a decade. More recently the Company has focused on selling non-core assets, thereby raising the capital needed to succeed in making a discovery with potential to give investors the return desired from a mineral exploration company. Please call toll free 1-888-627-9378 or visit our web site (www.radiusgold.com) for more information.


ON BEHALF OF THE BOARD
"Simon Ridgway"
Chairman and CEO

Investor relations: Jaclyn Ruptash
Symbol: TSXV-RDU; OTCBB-RDUFF
Shares Issued: 86.6-million


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

Forward-Looking Statement
Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Radius Gold Inc. Actual results may differ materially from those currently anticipated in such statement.
 
#August 14, 2012
Radius Gold closes sale of Nicaraguan Projects to B2Gold

 Vancouver, Canada: Radius Gold Inc. (TSX-V: RDU) is pleased to announce the closing of the sale of two of its Nicaraguan projects to B2Gold Corp., as per our previous news release of April 9, 2012. To buy Radius's interest in the projects, B2Gold has issued 4,815,894 of its common shares to Radius.

A separate agreement has also been signed covering future contingent payments by B2Gold to Radius of $10 (U.S.) per ounce of gold on 40 per cent of any proven and probable mineral reserves in excess of 500,000 ounces outlined at Trebol (on a 100-per-cent basis).

Ralph Rushton, the President of Radius, said: "We're pleased to have closed the sale of Trebol and El Pavon with our partner, B2Gold. The complex agreement took longer to draft than anticipated but we're finally there and we now have a strong treasury with which to carry out our precious metals exploration programs."

Also signed are 60:40 (B2Gold:Radius) joint venture agreements over the San Jose and La Magnolia properties in Nicaragua which the companies will jointly explore.

About Radius

Radius has been exploring for gold in Latin America for over a decade. It has assembled interests in a portfolio of promising gold projects in Guatemala and Nicaragua, and a number of 100% owned exploration plays, including extensive landholdings in southern Guatemala. Please call toll free 1-888-627-9378 or visit our web site (www.radiusgold.com).


ON BEHALF OF THE BOARD
"Simon Ridgway"
Chairman and CEO

Investor relations: Jaclyn Ruptash
Symbol: TSXV-RDU; OTCBB-RDUFF
Shares Issued: 86.6-million


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

Forward-Looking Statement
Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Radius Gold Inc. Actual results may differ materially from those currently anticipated in such statement.
 
#July 03, 2012
Fortuna Silver Reports High-Grade Gold and Silver Values at Radius's Tlacolula Property, Mexico

 Vancouver, Canada: Radius Gold Inc. (TSX-V: RDU) is pleased to provide an update on recent work completed by Fortuna Silver Mines Inc. (NYSE: FSM; TSX: FVI) on Radius Gold's Tlacolula Property, Mexico. Fortuna has an option to acquire a 60% interest in the Tlacolula Property by making cash payments and share issuances to Radius, and by completing expenditures totaling US$2 million on the property (see Radius news release dated Sept. 23, 2009).

Fortuna reports that surface mapping and sampling has identified a large and untested low sulfidation epithermal vein system in the Tlacolula area of central Oaxaca. Highlights of the surface channel sample results include the following mineralized intervals:
  • CH 136366: 6.30 m averaging 19.34 g/t Au and 986 g/t Ag (open)
  • CH 135709: 9.60 m averaging   0.13 g/t Au and 295 g/t Ag (open)
  • CH 138105: 3.30 m averaging   0.07 g/t Au and 234 g/t Ag
  • CH 135862: 1.00 m averaging   4.28 g/t Au and 367 g/t Ag
  • CH 135820: 1.50 m averaging   0.52 g/t Au and 561 g/t Ag
  • CH 138118: 9.00 m averaging   0.22 g/t Au and   83 g/t Ag (open)
The channel samples are generally oriented sub-perpendicular to the strike of the vein systems and are believed to approximate true widths of the mineralized structures. For several of the channels, the mineralized intervals are minimum thicknesses as the channels start and/or end in mineralization (indicated as 'open' in above highlights). Two main veins totaling approximately 1,700 meters in strike length have been identified in the project area to-date with on-going exploration focused on the discovery of further extensions of the veins. Drill testing of the Tlacolula mineralized vein system is scheduled to start in mid-July.

Qualified Person

David Clark, M.Sc., P.Geo., a member of the Association of Professional Engineers and Geoscientists of British Columbia, is the Company's Qualified Person as defined by National Instrument 43-101, and is responsible for the accuracy of the technical information in this news release. Mr. Clark has verified that it is an accurate summary of the reports provided to Radius by Fortuna. However, Radius has not independently verified Fortuna's exploration results.

About Radius

Radius has been exploring for gold in Latin America for over a decade. It has assembled interests in a portfolio of promising gold projects in Guatemala and Nicaragua, and a number of 100% owned exploration plays, including extensive landholdings in southern Guatemala. Please call toll free 1-888-627-9378 or visit our web site (www.radiusgold.com).


ON BEHALF OF THE BOARD
"Simon Ridgway"
Chief Executive Officer

Investor relations: Jaclyn Ruptash
Symbol: TSXV-RDU; OTCBB-RDUFF
Shares Issued: 86.6-million

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

Forward-Looking Statement
Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Radius Gold Inc. Actual results may differ materially from those currently anticipated in such statement.
 
#June 20, 2012
Radius Gold Updates on Recent Events at the Tambor Joint Venture, Guatemala

 Vancouver, Canada:  Radius Gold Inc. (TSX-V: RDU) would like to comment on recent events near the Tambor gold mine development project in the municipalities of San Jose del Golfo and San Pedro Ayampuc in southern Guatemala. Radius's joint venture partner, Kappes Cassiday and Associates, of Reno, is the project operator and is constructing a small gold mine at the site.

On June 13, a local activist, Yolanda Oqueli Veliz, was shot and wounded by -as yet- unidentified attackers. Local police are investigating the incident. Radius wishes Ms. Veliz a speedy and full recovery and categorically condemns the shooting. Further, Radius's management urges all stakeholders and community members around the Tambor project to refrain from the use of violence as a means to settle disputes.

Simon Ridgway, the Chairman of Radius, commented: "We're in disbelief over the shooting. We have no idea what the shooting is related to and the circumstances are under investigation by the police, but regardless of the cause, nothing can be achieved by violence and we utterly condemn it. We've been in touch with the local and national authorities to see what we can do to assist in the investigation of the incident, and we've also been speaking to the Canadian embassy in Guatemala City to keep them updated."

The Company has recently become aware of various inflammatory articles on the internet directly linking it to the shooting of Ms. Veliz. Any such assertions are ridiculous and completely untrue and can only add to the local tensions. Radius has always denounced the use of violence, and the Company and its employees have never engaged in, incited, or supported violence within the communities in which it works.

Radius has been working at Tambor since 2000 with the support of the local community, conducting exploration work without incident, and has engaged with the community and local authorities at every stage in the discovery and development process. The management team has been working in South and Central America for close to 20 years and has always had detailed discussions with the local communities near its projects.

Further updates will be provided as and when Radius is aware of any new developments.

About Radius

Radius has been exploring for gold in Latin America for over a decade. It has assembled interests in a portfolio of promising gold projects in Guatemala and Nicaragua, and a number of 100% owned exploration plays, including extensive landholdings in southern Guatemala.  Please call toll free 1-888-627-9378 or visit our web site (www.radiusgold.com).


ON BEHALF OF THE BOARD
"Ralph Rushton"
President

Investor relations: Jaclyn Ruptash
Symbol: TSXV-RDU; OTCBB-RDUFF
Shares Issued: 86.6-million


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

Forward-Looking Statement
Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Radius Gold Inc. Actual results may differ materially from those currently anticipated in such statement.
 
#May 24, 2012
Radius Gold Extends Warrants

 Vancouver, Canada: Radius Gold Inc. (TSX-V: RDU) announces that its Board of Directors has determined that it is in the best interests of the Company to extend the expiry date of certain private placement warrants previously issued by the Company. Accordingly, subject to TSX Venture Exchange acceptance, the expiry date of 6,285,001 outstanding warrants exercisable at $0.37 per share has been extended by one year to June 16, 2013, and 3,050,000 outstanding warrants exercisable at $0.55 per share has been extended by one year to July 3, 2013.

About Radius

Radius has been exploring for gold in Latin America for over a decade. It has assembled interests in a portfolio of promising gold projects in Guatemala and Nicaragua, and a number of 100% owned exploration plays, including extensive landholdings in southern Guatemala. Please call toll free 1-888-627-9378 or visit our web site (www.radiusgold.com).

ON BEHALF OF THE BOARD
"Ralph Rushton"
President

Investor relations: Jaclyn Ruptash
Symbol: TSXV-RDU; OTCBB-RDUFF
Shares Issued: 86.6-million

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

Forward-Looking Statement
Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Radius Gold Inc. Actual results may differ materially from those currently anticipated in such statement.
 

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