Radius Explorations (fka rdu.v)

[Ed Monton]

NEWS RELEASE







NR 2003-03 February 13, 2003



FIRST HOLES TO BE DRILLED AT THE MARIMBA PROJECT, GUATEMALA /

TRENCHING STARTS AT THE KUIKUINITA PROJECT, NICARAGUA



Gold exploration programs are underway at Pillar Resources' Marimba Project in Guatemala and at the Kuikuinita Project in Nicaragua. Drill testing of exposed mineralization and strong soil geochemistry will start this month at Marimba. A field camp has been established and trenching has commenced on a strong linear gold target at the Kuikuinita Project in Central Nicaragua.



Marimba Joint Venture (Radius Explorations Ltd.)



Two gold targets - Cerro T and Lantiquin - will be drill tested this month. This will be the first drilling on the Marimba Project. The inclined drill holes will test both target areas for moderately-dipping, gold-mineralized silicified limestone breccias and steeply-dipping ‘feeder' structures.



The Cerro T Zone was discovered from outcrops on a new public road. Work since then has exposed a zone of gold mineralized silicified limestone at the west end of a prominent hill (Cerro T). An excavator cut has exposed silicified breccia averaging 1.44 g/t gold over 100 metres. The thickness of the mineralized zone is estimated at 15 to 20 metres. It is overlain by recent tufa on the steep hillside to the east of the exposed silicification. A soil grid over the hillside returned a strong and consistent gold anomaly, with the +100 ppb contour extending for 1500 metres E-W and 500 metres N-S. Maximum soil values are greater than 2 g/t gold. There is little outcrop in the area of the anomaly, and pits uncovered tufa with clasts of silicified limestone, similar to the exposed mineralization to the west end. The Cerro T zone will be tested with 10 wide spaced holes. The target area has the potential to host 20 to 40 million tonnes at a grade of +1g/t Au.



The Lantiquin Zone is in a similar geological setting 2 kilometres to the west of the Cerro T zone. Pillar's exploration of this area has discovered a 1500 by 800 metre area of gold anomalous soil and rocks. Mineralization is associated with silicified limestone breccias, quartz veins and calcite stockworks in a large area of carbonate-altered greenstone. Seven inclined holes will test the zone.



The entire mineralized system on the Marimba Project covers an area of six kilometres by three kilometres with over 40 active and paleo hot-spring centres throughout the area. In addition to the Zones discussed above, there are several other areas with anomalous gold, arsenic, antimony, and mercury geochemistry which are presently undergoing target definition.





Kuikuinita, Nicaragua (100% Pillar)


Pillar has completed the acquisition of the 28,900 hectare Kuikuinita Project in northern Nicaragua, and field crews have been mobilized to the Project. The Project covers a series of geochemical (gold and trace element) and geophysical (magnetic, resistivity and chargeability) anomalies.



Initial geological mapping has identified several large mineralized systems. Previous exploration outlined a gold (with associated silver, arsenic, lead, zinc, and antimony) anomaly related to variably silicified volcanics extending over an area three kilometres by two kilometres. The anomalies were open, extending beyond the boundaries of the existing licence, and further ground has been staked.



Hand trenching of the existing anomalies is taking place, additional targets within the Kuikuinita Project are also being evaluated, and previously unexplored portions are receiving first pass inspection.



As part of the Kuikuinita acquisition Pillar has the first right of refusal on 12 additional projects within Nicaragua. These projects comprise one of the largest and most comprehensive exploration databases compiled for historically under-explored Nicaragua. Review of existing data is on-going and company geologists have begun the process of field evaluations. Further acquisitions are anticipated.



For further information on the Company, please call toll free 1-888-627-9378 or visit our web site @ www.pillargold.com.





ON BEHALF OF THE BOARD Symbol: TSXV-PRI

Shares Issued: 6.7 million

"signed"

Simon T. Ridgway, President

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