Radius Reports Good Progress by B2 Gold in Nicaragua

VANCOUVER, Nov. 4 /PRNewswire-FirstCall/ - Radius Gold Inc. (TSX-V: RDU) is
pleased to report that B2Gold ("B2") has provided an update on recent
exploration at the Trebol and El Pavon gold properties in Nicaragua. B2 is
exploring the Trebol project and has been successful in expanding the extent
of known gold mineralization there. At the Pavon project, B2 is investigating
the potential for gold production. Highlights are reported below.

Trebol Gold Project, northeast Nicaragua

The Trebol project located in northeastern Nicaragua is a low sulphidation
epithermal hot springs district consisting of numerous strong gold anomalies
spanning over 14 km of strike length. Gold is associated with vein and
replacement style mineralization in volcanic rocks found in a series of
low-lying, heavily forested hills. Rock chip and soil sampling completed by
Radius in 2005 was followed up by nine drill holes for 963 m in the Santo
Domingo zone, previously reported in Radius news releases dated August 7 and
September 12, 2008. Thick intersections of mineralized rock cut by the
drilling yielded intervals such as 23 m of 1.5 g/t Au (TR-DH-001) and
TR-DH-which returned 19.8 m of 2.9 g/t Au, demonstrating the potential for
bulk tonnage gold mineralization.
The Santo Domingo zone remains open to the south where trench results such as
TRSD-027 show values of 11 m at 3.9 g/t Au, 800 m to the southwest of the area
drilled by Radius. New areas of mineralization are currently being evaluated
by B2 including SW Trebol, another 5 km to the southwest, where rock chip
samples taken from hydrothermal breccias have yielded values from trace to in
excess of 4 g/t Au. Another recently discovered zone of silica and breccias,
for which sample results are pending, occurs some 3 km to the northeast.
B2's current exploration effort is concentrated on further defining the Santo
Domingo Zone and developing the newly discovered mineralized occurrences for a
drilling campaign in 2010.

Pavon Gold Project, central Nicaragua

The Pavon low sulphidation system was discovered by Radius in 2003. Several
veins occurring over a strike length of 6 km have been explored with 74
trenches and 71 diamond drill holes totaling approximately 10,700 m. Historic
results include up to 9.1 g/t Au over 14.2 m in Trench 1 and 10.3 g/t Au over
16.8 m in PADH-005 in the north zone and up to 6.7 g/t Au over 11 m in PADH-01
in the south zone (see Radius news releases dated Sept. 16, 2004 and March 17,
2004). B2 is currently evaluating the viability of open pit mining portions of
the veins and shipping it to the mills at Orosi or El Limon.

B2's Option

B2Gold has been granted an option from Radius to acquire a 60% interest in the
Trebol, Pavon and San Pedro properties in Nicaragua by spending a total of $4
million on exploration on any one or more of the properties within 4 years
from the date of the agreement. When B2Gold has spent the $4 million, it will
own a 60% interest in all of the properties and a joint venture will be formed
whereby each party will contribute its pro-rated share of the exploration
costs.
Radius began exploring in Nicaragua in 2003. In addition to discovering a
number of exploration projects with potential to host gold resources;
specifically the Trebol, Pavon and San Pedro exploration properties, Radius's
technical team also compiled an extensive regional exploration data base
covering much of Nicaragua. Radius has agreed to provide this to B2Gold, on an
exclusive basis. If as a result of reviewing the regional data, B2Gold
identifies a prospect or project for acquisition and exploration on ground
that is not covered by an existing concession, Radius will apply for a
concession over the area and that area will then be designated a "project
area".

Qualified Person

The technical information in this release was prepared under the supervision
of 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

Radius Gold Inc. has been exploring for gold in Central America for nearly a
decade, and management is currently assembling a portfolio of royalties on
promising gold projects in South and Central America. In Guatemala, under
joint venture with Kappes Cassidy, Radius is developing a small, high grade
gold mining operation on the Tambor project. Radius recently optioned the
Nueva California project in Peru for 1-million shares in Focus Ventures and
royalty interests in any future production from the project.

ON BEHALF OF THE BOARD

"Simon Ridgway"
Simon Ridgway, President

Contact: Ralph Rushton / Erin Ostrom
Symbol: TSXV-RDU; OTCBB-RDUFF
Shares Issued: 53.5-million

Neither the TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or accuracy of
this release.

SOURCE Radius Gold Inc.

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