Radius Options Blue Hill Gold Project, Idaho From Otis Gold Corp

Radius Gold Inc. (TSX VENTURE:RDU)(OTCBB:RDUFF) is pleased to announce that it
has signed an agreement for the right to acquire a 70% interest in the Blue Hill
Gold Project (the "Property") from Otis Gold Corp (TSX VENTURE:OOO).


The Property hosts an epithermal hot-spring gold exploration target, is
drill-ready, road-accessible, and is located in southeast Idaho, 24 km south of
the town of Oakley and 4 km north of the Utah border. The property package
consists of 36 federal lode mining claims located on federal land (comprising
295 hectares), and one Idaho State lease (comprising 33 hectares). 


In July 2008, Otis completed a program of geologic mapping and sampling, as well
as contracting Zonge Geosciences Inc. to perform a controlled-source audio
magnetotelluric (CSAMT) geophysical resistivity survey over the target. Based on
the results of Otis' work program, drilling was proposed but never carried out.


Gold mineralization on the Property was first discovered by geologist Stan Dodd
and Meridian Minerals in 1985. Alteration and gold mineralization are hosted by
capping chalcedonic sinters and strongly silicified tuffaceous rocks in the
Cenozoic-aged Salt Lake Formation, which consists of epiclastic, sedimentary and
tuffaceous volcanic rocks overlying older Paleozoic and Precambrian basement
rocks. The area of sinter exposed at surface is approximately 1 km by 0.5 km in
area, and contains surface gold-in-sinter concentrations of up to 2 ppm.
Mineralization appears both disseminated in sinter and related to north- and
northeast-trending, high-angle structures within a northwest trending graben.
Local, post-mineral, northeast-trending faulting has displaced and buried
mineralized sections to the northwest, some of which have yet to be drill
tested.


Two drill programs were completed in the past: the first in 1986-1987 by
Meridian, and the second in 1998 by Latitude Minerals Corp. Both programs were
designed to test the Property for the presence of an economic low-grade,
bulk-tonnage, near-surface target. A total 3665 m of drilling in 29 drill holes
was carried out on the Property. The drill holes were all reverse circulation,
with the exception of one core hole in the 1998 campaign. Drill results
confirmed the presence of significant near-surface thicknesses of sinter-hosted
epithermal hot-spring-type gold mineralization. Mineralization is characterized
by various forms of clay, silica and 1 to 5 % primary fine-grained pyrite, now
mostly oxidized to various iron oxides.


Results from the two drilling campaigns included intervals such as 61.0 m
grading 0.91 ppm Au from 85.3 m to 146.3 m in drill hole BHC-86-09, 9.1 m
grading 1.01 ppm Au from 48.8 to 57.9 m in drill hole BHC-86-04, 21.3 m grading
0.68 ppm Au from 112.8 m to 134.1 m in drill hole 98-LBC-1, and 25.9 m grading
0.61 ppm Au from 131.1 m to 157.0 m in drill hole 98-LBR-24. In all, 20 out of
the 29 drill holes on the Property contained composite intervals longer than 3.0
m and grading over 0.5 ppm Au, confirming the overall mineralized character of
the sinter terrace assemblage. The results, however, were not deemed economic
from the point of view of a bulk tonnage target, and despite recognizing the
potential for higher grade hydrothermal feeder systems under the sinter, no
drilling has ever been focused on testing this target.


Radius' interpretation of the 2008 CSAMT survey results indicates the presence
of several resistivity anomalies that are highly suggestive of structural feeder
systems to the hot-spring sinter: 




1.  A distinctive shallowly west-dipping low- to high-resistivity transition
    zone interpreted as representing the base of the Salt Lake Formation,
    structurally overlying older Paleozoic basement. This feature is
    permissive of a permeable detachment or shallowly dipping fault feeder
    system to the overlying sinters.
    
    

2.  Several localized high-resistivity undulations at the interpreted base
    of the Salt Lake Formation are associated with the sinter area, and are
    interpreted as high-angle structural features that may extend into the
    Paleozoic rocks. The association of mineralized sinter at surface and in
    drill core directly above one of these geophysical anomalies is
    particularly of interest.
    
    

3.  A steeply-dipping major feature bounding the eastern side of the sinter
    zone and present on several CSAMT sections is interpreted as a braided
    fault system probably associated the northwest-trending graben. It
    potentially represents the ultimate plumbing system to depth for the
    hydrothermal system regionally.
    



Radius's geologists believe the Property has significant potential for
high-grade veins or vein breccias at depth below or near the mineralized sinters
and associated with one or more of the geophysical features discussed above.
These constitute the Company's exploration target on the Property. The presence
of abundant sinter with anomalous concentrations of gold is unusual in
hot-spring environments, and highly encouraging of targeting a deeper high grade
feeder system. Importantly, none of the previous drilling has focused on the
potential for high grade feeders associated with the mineralized sinters, and
this represents a significant exploration opportunity for Radius.


The President and CEO of Radius, Simon Ridgway, commented: "I see similarities
between the Blue Hill Project and our Cerro Blanco discovery in Guatemala. The
surficial sinters at Cerro Blanco carried grades similar to those found at Blue
Hill, up to about 1 g/t Au. The CSAMT survey at Cerro Blanco showed clear
resistivity anomalies we interpreted as feeders, and this proved to be the case
when we drilled. We encountered much higher grade mineralization below the
sinter. The resource at Cerro Blanco (currently owned by Goldcorp Inc.) consists
of an Indicated 1.27 Moz of Au (2.52 Mt grading 15.64 g/t Au), and an Inferred
0.67 Moz of Au (1.35 Mt grading 15.31 g/t). Our intentions with the Blue Hill
Project are to follow a similar workflow and see whether analogous high grade
mineralization exists below the sinter on the Property."


Cautionary statement: The Cerro Blanco resource is quoted from "Resources and
Reserves, Goldcorp Inc., December 31, 2013", and has not been independently
verified by Radius or its QP. The reader is cautioned that the similarities
between the surficial sinters at Blue Hill and Cerro Blanco noted above do not
necessarily imply that the Blue Hill sinter will itself be underlain by higher
grade mineralization, or that any such mineralization discovered will be
economic.


A first pass drill campaign is currently being planned and permitted, and is
expected to commence in Q3 2014. Up to 2000 m of drilling are contemplated for
this first pass program, with drill holes being designed to test the most
prospective of the geophysical anomalies associated with the mineralized sinter.



Option Terms

The Company has been granted the option to acquire a 70% interest in the
Property (subject to a 2.5% NSR royalty on a portion of the Property). The
option may be exercised by making cash payments to Otis totaling US$525,000 and
incurring exploration expenditures on the Property totaling US$5,000,000, over a
period of four years. 


Qualified Person

David Clark, M.Sc., P.Geo. (APEGBC), is the Company's Qualified Person as
defined by National Instrument 43-101, and has approved the disclosure of 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 as a result of exploration asset sales and is
looking for 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 COMPANY

Simon Ridgway, President and CEO

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 

This news release may include certain "forward-looking information" within the
meaning of Canadian securities legislation. Forward-looking statements include
predictions, projections and forecasts and are often, but not always, identified
by the use of words such as "seek", "anticipate", "believe", "plan", "estimate",
"forecast", "expect", "potential", "project", "target", "schedule", budget" and
"intend" and statements that an event or result "may", "will", "should", "could"
or "might" occur or be achieved and other similar expressions and includes the
negatives thereof. There can be no assurance that such statements will prove to
be accurate and actual results and future events could differ materially from
those anticipated in such statements. Forward-looking statements are based on a
number of material factors and assumptions. Important factors that could cause
actual results to differ materially from the Company's expectations include
actual exploration and development results, changes in project parameters as
plans continue to be refined, future metal prices, availability of capital and
financing on acceptable terms, general economic, market or business conditions,
uninsured risks, regulatory changes, delays or inability to receive required
approvals, and other exploration or other risks detailed herein and from time to
time in the documents filed by the Company from time to time 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 from those
described in forward-looking statements, there may be other factors that cause
such actions, events or results to differ materially from those anticipated.
There can be no assurance that forward-looking statements will prove to be
accurate and accordingly readers are cautioned not to place undue reliance on
forward-looking statements which speak only as of the date of this news release.
The Company disclaims any intention or obligation, except to the extent required
by law, to update or revise any forward-looking statements, whether as a result
of new information, future events or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Radius Gold Inc.
Simon Ridgway
604-801-5432
Toll free 1-888-627-9378
604-662-8829 (FAX)
info@goldgroup.com
www.radiusgold.com
Radius Gold (TSXV:RDU)
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