Radius Grants Stock Options

VANCOUVER , Jan. 8 /CNW/ - Radius Gold Inc. (TSX-V: RDU) announces that the Company has granted incentive stock options to its directors, officers, employees and consultants to purchase up to an aggregate of 1,810,000 shares exercisable for ten years at $0.29 per share. Radius has also cancelled a total of 810,000 existing options held by employees and consultants which were exercisable at prices ranging from $0.62 to $0.70 per share.

    
    ON BEHALF OF THE BOARD

    "Simon Ridgway"
    Simon Ridgway, President

    Investor relations:  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.

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