Radius Resources Corp.: Revised Q3 Financial Statements

CALGARY, ALBERTA--(Marketwire - Jan. 23, 2009) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Radius Resources Corp. ("Radius" or the "Corporation") (TSX VENTURE:RAX) announces today that it has filed revised interim financial statements and management's discussion and analysis for the three and nine months ended September 30, 2008 on SEDAR.

The Corporation recorded $500,000 of additional expenditures, spent on its flow-through commitments. The interim financial statements has also been amended to increase petroleum and natural gas properties by $500,000 and accounts payable and accrued liabilities by $500,000. In addition, the statements of operation, comprehensive (loss) income and deficit has been amended by $150,000 to increase revenue and expenses for the three and nine months ended September 30, 2008 with no effect on the net loss and comprehensive loss for the three and nine months periods ended September 30, 2008. The events subsequent to September 30, 2008 were also updated. The revised management's discussion and analysis was amended to reflect the foregoing revisions.

Radius is a junior oil and gas company engaged in the exploration for, and development and production of, crude oil and natural gas focusing in the Peace River Arch region of central Alberta. The Corporation's shares trade on the TSX Venture Exchange under the symbol "RAX".

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.