Radius Gold Inc.: Drilling Commences at the Rubi Gold-Silver Project, Peru

Simon Ridgway, President of Radius Gold Inc. (TSX VENTURE:RDU)(OTCBB:RDUFF), is
pleased to announce that its joint venture partner, International Minerals
Corporation (TSX:IMZ) ("IMC"), has commenced drilling on the Rubi gold-silver
project located in south-eastern Peru.


Gold-silver mineralization at Rubi is associated with a swarm of epithermal
quartz-carbonate veins, breccias and stockworks that crop out over an area 1km x
0.5km. Four principal veins were mapped and have cumulative length of 2.6
kilometers, including the Rica Chola and Rio Azul veins, which have shown the
best results to date in terms of mineralized grades and widths in surface and
underground sampling.


Work to date by IMC has consisted of detailed mapping and sampling of surface
and underground workings and a PIMA alteration study.


Significant weighted average assays from rock chip/panel sampling undertaken by
IMC include:


Rica Chola Vein

3.6 g/t Au & 223 g/t Ag over 5.65m (surface trench)

3.1 g/t Au & 111 g/t Ag over 7.7m (surface trench)

4.7 g/t Au & 359 g/t Ag over 2.25m (surface trench)

2.4 g/t Au & 175 g/t Ag over 4.35m (surface trench)

9.64 g/t Au & 440 g/t Ag over 1m (underground)

3.22 g/t Au & 131 g/t Ag over 2m (underground)

Rio Azul Vein

7.5 g/t Au & 786 g/t Ag over 3m (surface trench)

4.62 g/t Au & 439 Ag over 1.4m (underground)

The Rica Chola and Rio Azul veins continue on surface for 600m and 800m
respectively. A high level of preservation of the epithermal system is indicated
by colloform vein textures and wallrock alteration characterized by low
temperature carbonate minerals and illite-smectite clays. Thus the potential for
high-grade (bonanza) zones at depth is considered good.


The initial diamond drill program will consist of 6 diamond drill holes totaling
approximately 1,200m and will test the Rica Chola and Rio Azul veins for their
continuity of mineralization at depth, possible bonanza-grade zones and
structural targets where wide widths of mineralization may be expected. A drill
hole location plan will be posted on the Radius website shortly
(www.radiusgold.com).


IMC is an emerging precious metal producer, with mines and projects in Peru and
Ecuador. The Company owns 40% of the producing Pallancata high-grade silver mine
with its partner Hochschild Mining. The Pallancata Mine is located 90 kilometers
due east of Rubi.


Project Background

Rubi is located 16 km east of the town of Puquio in the Department of Ayacucho,
in south-central Peru. The site was host to a former producing gold-silver mine
in the 1980 and 1990's when it was held by the Peruvian State for 15 years.

In August 2007, Radius optioned the project from a private Peruvian company and
carried out a systematic exploration program comprising property-scale
geological mapping and rock chip geochemical sampling (see company press release
dated Aug. 28, 2007).


Under a revised agreement with the vendor of the property (see company press
release dated Oct. 8, 2008), Radius and IMC, as joint venture partners, can earn
a 100% interest in the Rubi and San Sebastien claims (total 2,200 hectares) by
making a series of cash payments and exploration expenditure commitments,
comprising:


- US$75,000 on signing of the revised agreement (paid)

- Investing US$400,000 in exploration and paying US$ 150,000 by October 2, 2009.

- Investing US$600,000 in exploration and paying US$ 300,000 by October 2, 2010.

- Investing US$1,000,000 in exploration and paying US$ 600,000 by October 2, 2011.

- Investing US$1,000,000 in exploration and paying US$ 1,875,000 by October 2, 2012.

The vendor also retains a 2 percent Net Smelter Return royalty, with the joint
venture partners having a right of first offer to purchase such royalty.


IMC, the operator of the joint venture, can earn a 60% interest in the project
by paying the initial signing fee (already paid) and by funding the first year's
exploration expenditures, for a total of US$475,000. The exploration and cash
payments over the remainder of the term will be funded jointly by IMC (60%) and
Radius (40%), with each party subject to standard dilution requirements for
non-contribution of funds.


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 technical information in this release was prepared under the supervision of
Mr. David Cass, Radius's Vice-President of Exploration, who is a member of the
Association of Professional Engineers and Geoscientists of British Columbia, and
a "Qualified Person" in accordance with National Instrument 43-101.


About Radius

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


ON BEHALF OF THE BOARD

Simon Ridgway, President

Shares Issued: 53.5-million