VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 6, 2014) - Radius Gold Inc. (TSX VENTURE:RDU)(RDUFF) announces that as a result of its exercise of previously acquired private placement warrants, it has acquired direct ownership of 3,000,000 common shares ("Shares") in Medgold Resources Corp. ("Medgold"), such shares representing 7.2% of Medgold's outstanding common shares. The Shares were issued at a price of $0.11 per Share, for a total purchase price of $330,000.

As a result of this transaction, Radius Gold directly owns 8,000,000 common shares of Medgold, which represents 19.1% of Medgold's outstanding common shares. Radius also owns warrants (the "Warrants") to purchase an additional 2,000,000 common shares of Medgold. Assuming the exercise of the Warrants in full, Radius would own a total of 10,000,000 common shares, which would represent 25.1% of the issued and outstanding common shares of Medgold on a partially diluted basis. However, the Warrants have a restriction on exercise such that Radius may only exercise at any given time the number of Warrants that will not result in Radius owning 20% or more of Medgold's outstanding common shares

The shares were acquired by Radius for investment purposes, and it may from time to time, directly or indirectly, acquire additional securities of Medgold. The Shares were acquired by Radius in reliance on the exemption from prospectus requirements set forth in Section 2.42 of National Instrument 45-106, Prospectus and Registration Exemptions. Radius has filed on www.sedar.com a report in accordance with NI 62-103, and a copy of the report may be obtained by contacting Radius at the address noted below.

About Radius

Radius has been exploring for gold in Latin America for over a decade. The Company has a strong treasury as a result of exploration asset sales and is looking for project acquisition opportunities across the globe. Please call toll free 1-888-627-9378 or visit our web site (www.radiusgold.com) for more information.

ON BEHALF OF THE BOARD