Radius Gold provides Coyote Gold Project update

news release

January 3, 2019

Radius Gold provides Coyote Gold Project update

Vancouver, Canada: Radius Gold Inc. (TSX -V: RDU) announces that it has received all assays

from its initial drill program at the Coyote Gold Project located north of Elko, Nevada. The

980m reverse circulation drill program consisted of 5 holes and tested targets below sinter

deposits with anomalous Mercury/Antimony+-Gold geochemistry.

The drilling did not intersect any econom ic gold geochemistry, and the Company has decided to

focus attention and funding on increasing its land position in the district of the Amalia project in

Mexico, where a recent drill hole intersected Bonanza G old/Silver grades over significant widths

(see December 4, 2018 news release).

Technical Information

Bruce Smith, M.Sc. (Geology), a member of the Australian Institute of Geoscientists, is Radius’s

Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral

Projects. Mr. Smith participated in the reported programs and prepared and approved the

technical information contained in this news release.

Radius Gold Inc.

Radius has a portfolio of projects located primarily in the United States and Mexico which it

continues to advance, utilizing partnerships where appropriate in order to retain the Company’s

strong treasury. At the same time, management is seeking out additional investment and project

acquisition opportunities across the globe.

ON BEHALF OF THE BOARD

Simon Ridgway

President and CEO

Symbol: TSXV-RDU

-2-

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

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 plans for its

properties; 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; ex penditures; 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 its properties ; 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 plans for its properties will proceed as anticipated ;

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.