LETTER OF INTENTRadius Gold Inc. • May 29th, 2009 • Metal mining
Kappes, Cassiday & Associates ("KCA") and Radius Gold Inc. ("Radius") wish to set forth the following terms of their understanding regarding their proposed venture to develop economic ore bodies on the Tambor project (the "Project") in Guatemala. The following terms are binding and enforceable upon the parties, although it is the intention of the parties to more fully document their agreement in a formal agreement (the "Agreement") to be entered into within 90 days after the date hereof, The Agreement will contain the terms set out herein and such other terms as are usual in agreements of this nature in the gold mining industry, and if the Agreement is not entered into by the parties on or before the 90 days after the date hereof, either party may terminate this agreement without further obligations to the other party.
