Exploration Update: Radius Exercises Option on Hidekel Concessions Adjacent to Tierra Roja, Peru

Executive Summary

• Radius Gold signed a Mining Assignment and Option Agreement to acquire the 1,800‑hectare Hidekel concessions adjoining its 100 % owned Tierra Roja copper project in southern Peru, consolidating its land position.
• The company secured key permits (environmental, archaeological, water supply, federal land‑use) needed to commence the first drill program at Tierra Roja, with final authorization expected in early November.
• Radius confirmed it has sufficient cash reserves to fund the upcoming drill campaign once all approvals are received.

Key Details

• Acquisition: Mining Assignment and Option Agreement for Hidekel concessions (1,800 ha) directly adjoining Tierra Roja; remaining concessions under review have been released.
• Strategic Impact: Strengthens control over a premier copper exploration target in the district and expands the project’s land base.
• Permitting Milestones Secured:
• Ficha Técnica Ambiental (FTA) authorizing drilling and construction of up to 20 drill platforms and access roads.
• Archaeological permit confirming clearance of cultural heritage impacts.
• Water supply contract with a licensed provider.
• Selection of local drill contractor.
• Federal land‑use certification confirming the area is unoccupied government land.
• Pending Item: Additional access waiver in progress; final authorization for drilling activities expected beginning of November 2025.
• Financial Position: Company states it remains well‑funded with sufficient cash reserves to complete the planned drill program once approvals are obtained.
• Management Comment (Bruce Smith, President & CEO): Emphasized that the Hidekel acquisition secures a key extension of Tierra Roja and expressed confidence in resolving remaining permitting requirements promptly.

Notable Quotes

“The acquisition of the Hidekel concessions secures a key extension of our Tierra Roja project. Our team is eager to commence the first drill program on this compelling copper target. While the administrative process for final approvals is taking longer than anticipated, we remain confident in resolving these outstanding requirements soon.” – Bruce Smith, President and CEO

All boilerplate, forward‑looking statements, and company background sections have been omitted for brevity.