Radius Gold Inc. provided an update on exploration plans for the company's extensive land holdings in Guatemala. The Company has active precious metals exploration and development projects in Guatemala and in Nicaragua. An update on progress in Nicaragua will be given in the next few weeks. In Guatemala, the company is active on two fronts. In Eastern Guatemala the company has large land holdings and concession applications in the volcanic belt that hosts the Escobal silver deposit. Closer to Guatemala City, the company's joint venture partner Kappes Cassiday and Associates is operating the Tambor mine development project, with the aim of beginning construction of a small but potentially high grade gold mine. The Zapote Zone is located approximately 1 km southwest of the Pyramid Hill zone on the Banderas property, and consists of a northwest-trending stockwork zone exposed along a ridge and a southwest-facing cliff. The company's early stage exploration results at Zapote are very positive: Anomalous gold and silver mineralisation has been detected in rock and soil samples over more than 600m strike length, and reconnaissance soil sampling indicates that the zone may extend for up to 3 km in total. The Holly Zone overlies the major regional scale east-west trending Jocotan continental transform fault, at the northern limits of the HB property. Gold and silver mineralization occurs in association with epithermal quartz and quartz-hematite veins both within the phyllites north of the fault and in the volcanic rocks to the south. At the Ivy prospect, located 38 km due west of the Holly-Banderas property and also spatially-associated with the Jocotan fault, gold mineralization is associated with an altered diorite intrusive. The prospect was identified during follow up of regional stream sediment anomalies. The company and its joint venture partner, Kappes Cassiday and Associates continue to make progress at the Tambor mine development project in southern Guatemala. The company reported that Mr. Simon Ridgway, the current President of the company, is taking on the role of Chief Executive Officer and Chairman of the Board of Directors. Mr. Ridgway will maintain his close involvement in the Company's Central American exploration programs. Mr. Ralph Rushton, a director of the company, will be moved from his current position as VP Corporate Development to take on the role of President of the company. As a new addition to the Radius team, Mr. David Clark will join the company in the position of Chief Geologist. Finally, Ms. Sally Whittall, currently in charge of Corporate Compliance, will take on the role of Corporate Secretary.