Radius Gold updates on recent events at the Tambor Joint Venture, Guatemala

Thursday, Jun 21, 2012

VANCOUVER, June 20, 2012 /CNW/ - Radius Gold Inc. (TSX-V: RDU) would like to comment on recent events near the Tambor gold mine development project in the municipalities of San Jose del Golfo and San Pedro Ayampuc in southern Guatemala. Radius's joint venture partner, Kappes Cassiday and Associates, of Reno, is the project operator and is constructing a small gold mine at the site.

On June 13, a local activist, Yolanda Oqueli Veliz, was shot and wounded by -as yet- unidentified attackers. Local police are investigating the incident. Radius wishes Ms. Veliz a speedy and full recovery and categorically condemns the shooting. Further, Radius's management urges all stakeholders and community members around the Tambor project to refrain from the use of violence as a means to settle disputes.

Simon Ridgway, the Chairman of Radius, commented: "We're in disbelief over the shooting. We have no idea what the shooting is related to and the circumstances are under investigation by the police, but regardless of the cause, nothing can be achieved by violence and we utterly condemn it. We've been in touch with the local and national authorities to see what we can do to assist in the investigation of the incident, and we've also been speaking to the Canadian embassy in Guatemala City to keep them updated."

The Company has recently become aware of various inflammatory articles on the internet directly linking it to the shooting of Ms. Veliz. Any such assertions are ridiculous and completely untrue and can only add to the local tensions.

Radius has always denounced the use of violence, and the Company and its employees have never engaged in, incited, or supported violence within the communities in which it works.

Radius has been working at Tambor since 2000 with the support of the local community, conducting exploration work without incident, and has engaged with the community and local authorities at every stage in the discovery and development process. The management team has been working in South and Central America for close to 20 years and has always had detailed discussions with the local communities near its projects.

Further updates will be provided as and when Radius is aware of any new
developments.

About Radius

Radius has been exploring for gold in Latin America for over a decade. It has assembled interests in a portfolio of promising gold projects in Guatemala and Nicaragua, and a number of 100% owned exploration plays, including extensive landholdings in southern Guatemala.  Please call toll free 1-888-627-9378 or visit our web site (www.radiusgold.com).

SOURCE Radius Gold Inc.