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.


    "Simon Ridgway"
    Simon Ridgway, President

    Investor relations:  Ralph Rushton/Erin Ostrom
    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.

For further information: 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)

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