VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 22, 2017) - Radius Gold Inc. (TSX VENTURE:RDU) is pleased to announce that it
has signed a binding agreement with a private individual to option the 380-hectare Amalia Project which is host to high grade
epithermal silver-gold mineralization. The Project is located approximately 25 km SW of the historic Guadalupe y Calvo mining
district in Chihuahua, Mexico. During due diligence evaluation Radius geologists sampled bonanza grade outcrop containing 20.4
g/t Au and 5360 g/t Ag from a 1.2m chip.
Amalia Project
The Amalia Project is unexplored, with only minor historic artisanal-scale mining of surface outcrop known. There is no known
history of previous systematic exploration of the property. Epithermal Au-Ag mineralization has been sampled by Radius in several
veins, vein breccias and disseminated zones over 3.5km of strike length and a 600m vertical interval following the trace of a
large regional fault zone.
At the main target area, known as Campamento, a 70-meter-wide zone of intense silicification, and brecciation with massive and
stockwork veining has been mapped at the contact between the upper Rhyolite and lower Andesite volcanic sequence. Twenty-two rock
chip samples were collected by Radius at Campamento, from an area 250m x 70m. The samples ranged from 0.004 to 33.3 g/t Au and
1.4 to 288 g/t Ag. With results capped at 5 g/t Au, these samples averaged 0.75 g/t Au and 65 g/t Ag. The silica is chalcedonic
banded and amorphous indicating a high level within the epithermal system.
Approximately 700m along strike to the SE of Campamento, and 200m vertically below, Radius geologists sampled the Guadalupe
zone where intensely silicified, sulphide rich fault zones are exposed in two historic workings separated by 120m. During the
initial evaluation only two rock chip samples were collected from Guadalupe zone:
AGU023 graded 20.3 g/t Au and 5360 g/t Ag over 1.2m
MX90439 graded 3.05 g/t Au and 476 g/t Ag over 1.3m
The Guadalupe area is steep and bush covered with limited exposure, hence the extent of the mineralized zone is not yet known.
However, locating this high grade mineralized structure on strike and below the high level silica system of Campamento is very
encouraging.
Elsewhere along strike to the East and West of Campamento sampling has returned anomalous to high grade results in veins and
vein breccias both within the upper volcanic Rhyolite sequence and within the lower Andesites. With Au-Ag mineralization
occurring over a vertical interval of 600m in multiple targets over 3.5km strike length, Radius believes there is excellent
potential for a significant discovery at Amalia. Exploration will commence immediately. Maps and photos of the Amalia Project
will be available on the Company's website.
The Agreement
Radius can earn a 100% interest in the Amalia Project by making an immediate cash payment of US$5000 (paid) and by completing
staged payments over a period of 5 years totaling US$845,000 cash and, subject to stock exchange approval, US$15,000 in Radius
shares.
Corporate Update
Radius announces that Bruce Smith, M.Sc. Geology, MAusIMM CP, has joined the Radius Board. Bruce has 24 years' global
exploration and mining experience, with 15 years in Latin America focused on gold and silver exploration. He has participated in
the discovery of several gold deposits and led the exploration team that discovered the Chinchillas Ag-Pb-Zn deposit in
Argentina. Bruce has worked with Radius and Goldgroup companies since 1994 and the Company is pleased to welcome him to the
Board.
Qualified Person
Bruce Smith, M.Sc., MAusIMM CP, is a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for
Mineral Projects. Mr. Smith has visited the Amalia Project and prepared and approved the technical information contained in this
news release.
About Radius
Radius has been exploring for gold in Latin America for over a decade. The Company has a strong treasury and is looking for
investment and project acquisition opportunities across the globe. 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
President and CEO
Symbol: TSXV-RDU
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 Statements
Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian
securities legislation. All statements included herein, other than statements of historical fact, are forward-looking statements
which include, without limitation, statements about the Company's exploration plans for the Amalia Project; the Company's
business strategy, plans and outlook; the merit of the Company's investments and properties; timelines; the future financial
performance of the Company; expenditures; approvals and other matters. Often, but not always, these forward looking 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 similar
expressions, including negative variations.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be materially different from any results, performance or achievements
expressed or implied by forward-looking statements. Such uncertainties and factors include, among others, the Company's plans for
exploring the Amalia Project; changes in general economic conditions and financial markets; the Company or any joint venture
partner not having the financial ability to meet its exploration and development goals; risks associated with the results of
exploration and development activities, estimation of mineral resources and the geology, grade and continuity of mineral
deposits; unanticipated costs and expenses; and such other risks detailed from time to time in the Company's quarterly and annual
filings with securities regulators and available under the Company's profile on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause
actual actions, events or results to differ materially from those described in forward-looking statements, there may be other
factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of
management, including but not limited to: that the Company's exploration activities at the Amalia Project will proceed as
planned; that the Company's activities will be in accordance with its public statements and stated goals; that all required
approvals will be obtained; that there will be no material adverse change affecting the Company or its investments or properties;
and such other assumptions as set out herein. Forward-looking statements are made as of the date hereof and the Company disclaims
any obligation to update any forward-looking statements, whether as a result of new information, future events or results or
otherwise, 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 should
not place undue reliance on forward-looking statements.