RADIUS GOLD INC.
830 – 000 Xxxxxxx Xxxxxx
Xxxxxxxxx, XX
X0X 0X0
February 11, 2005
Coastport Capital Inc.
00000 Xxxxxx Xxxxx
Xxxxxx, XX X0X 0X0
Dear Sirs:
Re:
Option Agreement (San Xxxxx Project – Nicaragua (the
“Agreement”) made as of the 20th day of July, 2004
We hereby agree to waive the requirement set out in Section 3.1(b) of the Agreement to incur exploration expense of at least $330,000 Cdn. in aggregate on the Licenses by February 1, 2005.
All of the other terms and conditions contained in the Agreement shall remain unchanged.
Yours truly,
“Xxxxx Xxxxxxx”
President
