Radius Gold Inc.

Published : August 28th, 2007

signs option to acquire the Rubi gold - silver property, Peru

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Keywords :   Copper | Gold | Peru | Sac | Silver | Silver Producer |
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Radius signs option to acquire the Rubi gold - silver property,
Peru
======================================================================

Simon Ridgway, President of Radius Gold Inc. (TSX-V: RDU) is pleased to
announce that the Company's Peruvian subsidiary, Radius Peru S.A.C.,
has signed an option agreement to acquire 100% of the Rubi gold-silver
property located some 400 km south-east of Lima, and 16 km east of the
town of Puquio, Department of Ayacucho in south-central Peru.

The claims lie within a northwest trending belt of Neogene-age volcanic
rocks that hosts several producing precious metal mines.

The property, which comprises seven mineral concessions totaling 3,000
hectares, covers a 9km long north-south corridor where gold and
silver-bearing veins outcrop within three broad areas called the San
Andres, Virgen de Chapi and Minas Rubi areas. Historically the Spanish
mined high-grade veins in all three areas, and more recently local
informal miners have mined small tonnages of gold and silver ore. No
drilling or modern exploration is known to have been carried out on the
claims. A location map and description of the project will be available
shortly on the Radius website - www.radiusgold.com.

On the Minas Rubi property, located in the southern part of the claims,
a series of oxidized epithermal quartz-carbonate Au-Ag veins and
breccias are hosted within porphyritic andesites. The veins outcrop on
a low hill approximately 1 km x 0.5 km in area, with mineralization
traceable at least 1 km to the north. Surface pits and shallow
underground workings are extensive, with numerous veins and at least
three vein trends evident with individual veins at surface reaching
widths of over 4m. Surface channel sampling of veins by Radius returned
assays ranging from trace to 20.8 g/t Au and 356 g/t Ag over 2m, and 3
g/t Au and 373 g/t Ag over 3.9m.

At Virgen de Chapi, some 6 km north of Minas Rubi, a bonanza-grade
Au-Ag vein system is evidenced from surface and underground workings.
Channel sampling of veins in surface outcrops gave assays from trace up
to 52.5 g/t Au and 843 g/t Ag over 0.8m. A grab sample of high grade
stockpiled quartz-sulphide ore from underground workings assayed 556
g/t Au (18 oz/t Au) and 1,205 g/t Ag (39 oz/t Ag).

In the San Andres area, 1.5 km to the north of Virgen de Chapi, surface
and underground workings along the Esperanza-Espanola vein have exposed
bonanza precious metal grades over narrow widths. Two channel samples
taken by Radius in underground workings assayed 25.6 g/t Au, 932 g/t Ag
over 1.0m, and 9.1 g/t Au, 450 g/t Ag over 0.9m. A 1.6m channel sample
across the same vein at surface assayed 15.8 g/t and 299 g/t Ag, with a
grab sample taken from an ore stockpile from the same vein assaying 119
g/t Au and 939 g/t Ag. The Esperanza-Espanola vein can be traced on
surface for +1 kilometer. At Chirulin, some 400m north of the
Esperanza-Espanola vein, mineralization as veins and vein breccias up
to several metres wide is exposed in surface and underground workings.
Two underground channel samples assayed 6.2 g/t Au and 433 g/t Ag over
1.25m, and 5.4 g/t Au, and 649 g/t Ag taken over 0.9m. The veins at San
Andres and Virgen de Chapi do not generally outcrop as prominent
features on surface and therefore the exploration for blind veins under
cover will be an important target for exploration. The 5 km corridor
between the Rubi and Virgen de Chapi areas contains known mineralized
outcrops and is an additional target for exploration.

Prior to the commencement of exploration activities, Radius will be
consulting and working with the local communities in the area to ensure
support for the exploration activities.

Terms of the Agreement

Under an agreement with Exploraciones Andinas S.A.C. ("Andinas"), a
private Peruvian company, Radius can purchase 100% of the property by
incurring exploration expenditures of US$1.75 million and making staged
cash payments to Andinas of US$1.65 million and 450,000 shares in
Radius over three years, with US$100,000 and 50,000 shares paid on
signing. Radius will then have the option to purchase the claims
outright by paying $4 million by the fourth anniversary, with the
vendor retaining a 1.5% NSR. Additional reserves defined after this
payment will be subject to a $5/oz gold equivalent payment to the
vendor. Finder's fees of $10,000 and 25,000 shares each are payable to
two individuals in connection with the project.

The acquisition marks Radius's first project in Peru, a country where
numerous mines have been discovered and developed since dramatic
improvements were made in the mining law in early 1990's. Peru is the
world's biggest silver producer, third largest copper and fifth largest
gold producer, and continues to provide an attractive investment
climate for foreign mining and exploration companies. Radius recently
established an exploration office in Lima, and is actively reviewing
opportunities within the country, in line with Radius's strategy of
developing a portfolio of quality precious metal projects in Central
and South America.

Assay Protocol & Qualified Person

All sample preparation and analyses were conducted by ALS Chemex Labs
in Lima. Samples were analyzed for Au, using a 30 gram pulp with Fire
Assay and AAS with gravimetric finish for samples over 10 g/t Au.
Silver was analyzed by ICP, with AAS for samples over 100 g/t Ag. .

The information in this release was prepared under the supervision of
Mr. Gregory Smith, a member of the Association of Professional
Engineers and Geoscientists of British Columbia, and the Company's
"Qualified Person" in accordance with National Instrument 43-101.

For further information on Radius Gold Inc., please call toll free
1-888-627-9378 or visit our web site ().

The TSX Venture Exchange has not reviewed and does not take
responsibility for the adequacy or accuracy of this release

ON BEHALF OF THE BOARD

"Simon Ridgway"
Simon Ridgway, President

Investor relations: Ralph Rushton / Erin Ostrom
Symbol: TSXV-RDU; OTCBB-RDUFF
Shares Issued: 53.3-million

======================================================================
Copyright (c) 2007 RADIUS GOLD INC. (RDU) All rights reserved. For
more information visit our website at http://www.radiusgold.com/ or
send mailto:info@radiusgold.com
======================================================================
.
Data and Statistics for these countries : Peru | All
Gold and Silver Prices for these countries : Peru | All

Radius Gold Inc.

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 CA$ 17.3 millions as of today (US$ 13.9 millions, € 12.1 millions).

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

Radius Gold has 86 675 617 shares outstanding.

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