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News Release

August 14, 2012

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Radius Gold closes sale of Nicaraguan Projects to B2Gold

Vancouver, Canada: Radius Gold Inc. (TSX-V: RDU) is pleased to announce the closing of the sale of two of its Nicaraguan projects to B2Gold Corp., as per our previous news release of April 9, 2012. To buy Radius�s interest in the projects, B2Gold has issued 4,815,894 of its common shares to Radius.

A separate agreement has also been signed covering future contingent payments by B2Gold to Radius of $10 (U.S.) per ounce of gold on 40 per cent of any proven and probable mineral reserves in excess of 500,000 ounces outlined at Trebol (on a 100-per-cent basis).

Ralph Rushton , the President of Radius, said: �We�re pleased to have closed the sale of Trebol and El Pavon with our partner, B2Gold. The complex agreement took longer to draft than anticipated but we�re finally there and we now have a strong treasury with which to carry out our precious metals exploration programs.�

Also signed are 60:40 (B2Gold:Radius) joint venture agreements over the San Jose and La Magnolia properties in Nicaragua which the companies will jointly explore.

About Radius

Radius has been exploring for gold in Latin America for over a decade. It has assembled interests in a portfolio of promising gold projects in Guatemala and Nicaragua, and a number of 100% owned exploration plays, including extensive landholdings in southern Guatemala. Please call toll free 1-888-627-9378 or visit our web site ( www.radiusgold.com ).

ON BEHALF OF THE BOARD

� Simon Ridgway �

Chairman and CEO

Investor relations: J aclyn Ruptash

Symbol: TSXV-RDU; OTCBB-RDUFF

Shares Issued: 86.6-million

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 Statement
Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Radius Gold Inc. Actual results may differ materially from those currently anticipated in such statement.

Western Pacific Resources

Emerick Resources

Wesgold Minerals

VanEck Vectors Global Alternative Energy ETF

	DEVELOPMENT STAGE
	CODE : RDU.V
	ISIN : CA7504681007

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Radius Gold is a gold exploration company based in Canada.

Radius Gold holds various exploration projects in Guatemala, in Nicaragua and in Peru.

Its main asset in development is TAMBOR in Guatemala and its main exploration properties are EL PAVON, TREBOL and LA PATRIOTA in Nicaragua, BANDERAS and HB in Guatemala, 60 MILE in Canada, TLACOLULA in Mexico and RUBI PROJECT in Peru.

Radius Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is 5.0 millions as of today (US$ 3.6 millions, € 3.3 millions).

Its stock quote reached its highest recent level on November 21, 2003 at 2.03, and its lowest recent point on December 05, 2008 at 0.04.

Radius Gold has 47 442 200 shares outstanding.

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