0001113260-04-000019 Sample Contracts

Re: Right of First Offer – Guatemala and Nicaragua
Radius Explorations LTD • June 30th, 2004 • Metal mining

We write to confirm the agreement reached yesterday that in consideration of the exercise by Gold Fields Exploration B.V. (“GF”) of its warrants to purchase 1,904,762 shares at $1.25 per share, Radius Explorations Ltd. hereby grants to GF a right of first offer with respect to property interests held by Radius in Guatemala and Nicaragua on the following terms:

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AMALGAMATION AGREEMENT
Amalgamation Agreement • June 30th, 2004 • Radius Explorations LTD • Metal mining • British Columbia

RADIUS EXPLORATIONS LTD., a company duly incorporated under the laws of the Province of British Columbia, and having its head office at Suite 830-355 Burrard Street, Vancouver, BC V6C 2G8

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