Radius Explorations (fka rdu.v)

[Ed Monton]

I received an update from IR as follows:

Drills will be turning on the Banderas property before the end of this month.

Goldfields has been very good about forwarding results to Radius on their joint venture. Their approach to date has been to collect data from large areas rather than focus on one spot. More drilling will be going on before the end of this month.

The Holly property was subject to a joint venture with Lalo at the time of drilling which took place last Sept. When Lalo defaulted on their part of the agreement (funding), the results of the drilling were shelved until the legal situation was resolved. Thats why the late (December) release of the Holly results. Radius is reevaluating their strategy for Holly in light of the Lalo joint venture falling apart. Further development is in the works but thats all I was told.

I wasn't given any information on the Marimba joint venture with Pillar.

I was also told that there would be a news release out in the "near future".

tf