Radius Gold completes sale of Mexico property to Fortuna Silver Mines
news release
August 2, 2017
Radius Gold completes sale of Mexico property to Fortuna Silver Mines
Vancouver, Canada: Radius Gold Inc. (TSX-V: RDU) is pleased to advise that it has completed
the sale of its Tlacolula Property , Mexico to Fortuna Silver Mines Inc. On closing of the
transaction, Radius received US$150,000 cash and 239,385 common shares of Fortuna, and has
been granted a 2% NSR royalty on the Property. Fortuna retains the right to purchase one-half of
the royalty by paying Radius US$1.5 million.
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
Contact: Simon Ridgway
200 Burrard Street, Suite 650
Vancouver, BC V6C 3L6
Tel: 604-801-5432; Toll free 1-888-627-9378; Fax: 604-662-8829
Email: [email protected]
Website: www.radiusgold.com
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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 royalty on the
Tlacolula Property ; 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 achievement s expressed or implied by forward- looking statements. Such uncertainties and factors
include, among others, the Company’s royalty on the Tlacolula Property ; changes in general economic conditions
and financial markets; the Company or any joint venture par tner 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 attempte d 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 royalty on the Tlacolula Property will result in
revenue for the Company, or may be purchased in part by Fortuna; 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 suc h statements.
Accordingly, investors should not place undue reliance on forward-looking statements.