Radius Gold Inc. provided an update on drilling at its Tropico Project located in the Fresnillo mining district in Zacatecas, Mexico. The Company completed an initial 1,300m program of diamond drilling in 8 drillholes, with assays received for the first 7 holes. Drilling is planned to resume upon receipt of remaining assay results.

Drilling in 5 holes has defined a large gold mineralized hydrothermal breccia body that starts at surface and to date defined 250m down dip. Gold grades are starting to increase with depth, with results for the last and deepest hole pending. Initially the geological team targeted a simple model of a vertical breccia pipe below the outcropping Tropico sinter and breccia, with high grade mineralization predicted to occur approximately 300m below surface as observed in general within the Fresnillo mining district.

Drilling at Tropico has been more complex than expected, with initial drill holes (reported October 4, 2023) intersecting significant fault zones and trapped drill rods restricting progress. The expected hydrothermal breccia pipe was not found vertically below the sinter as predicted by the geophysics, instead is rather un-expectedly dipping at 45o east and has now been defined under soil cover 200m to the east of the outcropping target. It required several short drill holes to understand the geometry of the breccia body and to significantly improve drilling rates, recovery and associated costs.

The Company has paused the drilling in order to get full assays before determining additional drill hole targets along strike and down dip. The hydrothermal, polymictic breccia body intersected is widening with depth, and grades are increasing within the breccia body and the contact zones. This mineralization being intersected occurs in areas with deep soil cover and no surficial expression, and the geological team believes that opens up the strike potential of the system for the full length of the property.

About the Tropico Target. The Tropico target is defined by surface mapping and geochemical sampling, outlining a sinter and silicified breccia with a strong gold and mercury geochemical signature roughly oval shaped, 450m long by 250m wide orientated NNE. Location.

The Tropico target is located 30 km northwest of Fresnillo city, Zacatecas, Mexico. the Fresnillo mining district is one of the world's most productive epithermal systems and hosts the world's oldest continuously operating mines producing silver, gold, copper, lead, and zinc for approximately five centuries, since 1554. The district hosts over 150 veins, mantos and chimney deposits including +30 large scale ore producers and it continues to deliver more, with recent discoveries that include the multi-million ounce silver and gold producer, Juanicipio Project, a joint venture between MAG Silver and Fresnillo Plc.

Radius entered into an option agreement in March 2023 with local claim owners to acquire 100% of the property. Quality Assurance and Quality Control. Drilling is carried out using PQ and NQ size tooling.

Drill core is cut in half using a rock saw with one-half of the core then taken as a sample for analysis. Sample intervals are generally 1.5m, producing samples of between 2 to 9 kg. Half-core samples are delivered to the ALS Geochemistry laboratory facilities in Mexico.

The samples are fire assayed for Au and are analysed for Ag and multi-elements using method code ME-E-E-E-E.