Exploration Update: Radius Exercises Option on Hidekel Concessions Adjacent to Tierra Roja, Peru

(TheNewswire)

October 2, 2025 – TheNewswire - Vancouver, Canada – Radius Gold Inc.(TSXV: RDU) ("Radius" or the "Company") ispleased to announce that it has signed a Mining Assignment and OptionAgreement to acquire the 1,800-hectare Hidekel concessions directlyadjoining its 100%-owned Tierra Roja copper project in southern Peru(see press release Feb 28, 2025). The remaining concessions underreview have been released. The signing of this Mining Assignment andOption Agreement consolidates Radius’s land position at Tierra Rojaand strengthens the Company’s control over one of the mostcompelling copper exploration targets in the district.

Drill Permitting and ProgressUpdate

Radius has advanced permitting and preparation for the first drillprogram at Tierra Roja. The Company has secured key approvals requiredto drill, including:

• Ficha Técnica Ambiental (FTA) authorizing drilling and constructionof up to 20 drill platforms and access roads.

• Archaeological permit confirming clearance of cultural heritageimpacts.

• Water supply contract with a licensed provider.

• Selected local drill contractor.

• Federal land-use certification confirming the project area isunoccupied government land.

An additional access waiver is required, which is in progress.Radius’s legal team has advised that the final authorization forinitiation of activities is expected to be issued beginning ofNovember.

Radius remains well-funded and has sufficient cash reserves tocomplete the planned drill program once final approvals are received.

Figure1. Tierra Roja locationmap.

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Figure2. Tierra Roja tenure andtarget areas.

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Management Comments

Bruce Smith, President and CEO of Radius Gold, stated:

"The acquisition of the Hidekelconcessions secures a key extension of our Tierra Roja project. Ourteam is eager to commence the first drill program on this compellingcopper target. While the administrative process for final approvals istaking longer than anticipated, we remain confident in resolving theseoutstanding requirements soon."

Qualified Person

Bruce Smith, M.Sc. (Geology), a member of the Australian Institute ofGeoscientists, is Radius’ Qualified Person as defined by NationalInstrument 43-101 – Standards of Disclosure for Mineral Projects.Mr. Smith has 30 years of mineral exploration experience and hasprepared and approved the technical information contained in this newsrelease.

About Radius Gold Inc.

Radius Gold has a portfolio of projects located in Mexico, Guatemalaand Peru which it continues to advance, utilizing partnerships whereappropriate to retain the Company’s treasury. At the same time,management is seeking out additional investment and projectacquisition opportunities across the globe. Radius is a member of theGold Group of companies, led by Simon Ridgway.

More information can be found on Radius Gold’s website at www.radiusgold.com

Qualified Person

Bruce Smith, M.Sc. (Geology), a member of theAustralian Institute of Geoscientists, is Radius’ Qualified Personas defined by National Instrument 43-101 - Standards of Disclosure forMineral Projects. Mr. Smith has 30 years of mineral explorationexperience and has prepared and approved the technical informationcontained in this news release.

Radius Gold Inc.

Radius has a portfolio of projects located in Mexico,Guatemala and Peru which it continues to advance, utilizingpartnerships where appropriate to retain the Company’s treasury. At the same time, management is seeking out additional investmentand project acquisition opportunities across the globe.  Radius is amember of the Gold Group of companies, led by Simon Ridgway.  You mayfind more information on Radius Gold at www.radiusgold.com or www.sedarplus.ca .

ON BEHALF OF THE BOARD

Bruce Smith

President and CEO

Symbol: TSXV-RDU

Contact:  Bruce Smith

1111 Melville Street, Suite 1000

Vancouver, BC  V6E 3V6, Canada

Tel: 604-801-5432;  Toll free 1-888-627-9378;  Fax:604-662-8829

Email: [email protected]

Website: www.radiusgold.com

Neither the TSX Venture Exchange nor its Regulation ServicesProvider (as that term is defined in the policies of the TSX VentureExchange) acceptsresponsibility for the adequacy or accuracy of this release.

Forward-looking statements

Certain statements contained in this news release constituteforward-looking statements within the meaning of Canadian securitieslegislation. All statements included herein, other than statements ofhistorical fact, are forward- looking statements and include, withoutlimitation, statements about the Company’sexploration plans . Often, but not always, these forward lookingstatements 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”, orstatements that events, “could” or “should” occur or beachieved 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 differentfrom any results, performance or achievements expressed or implied byforward-looking statements. Such uncertainties and factors include,among others, whether the planned exploration work at the Company’sprojects will proceed as intended; changes in general economicconditions and financial markets; the Company or any joint venturepartner not having the financial ability to meet its exploration anddevelopment goals; risks associated with the results of explorationand development activities, estimation of mineral resources and thegeology, grade and continuity of mineral deposits; unanticipated costsand expenses; and such other risks detailed from time to time in theCompany’s quarterly and annual filings with securities regulatorsand available under the Company’s profile on SEDAR+at www.sedarplus.ca. Although the Company has attempted toidentify important factors that could cause actual actions, events orresults to differ materially from those described in forward-lookingstatements, there may be other factors that cause actions, events orresults to differ from those anticipated, estimated or intended.

Forward-looking statements contained herein are based on theassumptions, beliefs, expectations and opinions of management,including but not limited to: that the Company’s stated goals andthe planned exploration and development activities at its propertieswill be achieved; that there will be no material adverse changeaffecting the Company or its properties; and such other assumptions asset out herein. Forward-looking statements are made as of the datehereof and the Company disclaims any obligation to update anyforward-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 proveto be accurate, as actual results and future events could differmaterially from those anticipated in such statements. Accordingly,investors should not place undue reliance on forward-lookingstatements.

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