Radius Gold Stakes 4 Lithium Brine Projects 

VANCOUVER - Radius Gold Inc. has applied for mineral concessions totaling 37,000ha covering four lithium brine targets in northern Mexico. Further Radius is pleased to announce it has signed an option agreement with Advantage Lithium Corp. to fund exploration of the properties.

While working in northern Mexico, Radius' exploration team recognized the potential of the large salar basins and compiled a database from historic lithium exploration conducted by the Mexican geological survey between 1987 and 1993. Radius applied for concessions covering the targets and has attracted an experienced and well-funded partner in Advantage Lithium.

Simon Ridgway, President and CEO of Radius, comments: "We are extremely pleased with these lithium brine projects and our new partner, Advantage Lithium. Our team has discovered a new region with lithium rich salars where we have the potential for a large discovery. We have a technically capable partner in Advantage Lithium willing to fund the projects and through share ownership in Advantage Lithium, exposure to excellent targets in Clayton Valley and the developing Lithium market. We look forward to advancing our new properties with the Advantage team."

Upon exercise of the First Option to earn a 55% interest, Advantage may elect to either: (a) form a 55:45 joint venture with Radius on industry standard terms, for further exploration and development of the Projects; or (b) receive an option (the "Second Option") to acquire a further 15% interest in one or more of the Projects. In order to exercise the Second Option and increase its interest to 70%, Advantage must complete a NI 43-101 compliant preliminary feasibility study within 24 months of the election date. Upon exercise of the Second Option, Advantage and Radius will form a 70:30, industry standard joint venture.