Here is the original source of the report about 95
seconds.
https://www.visir.is/g/20232489366d/rymdu-baeinn-a-95-sekundum
As you can see from the link itself it uses the word 'sekundum'
I don't think you need to speak Icelandic to be able to work out the meaning in English. It's not a mistranslation.
Grindavik really isn't a big place. You can drive from one side to the other in minutes when there's traffic.
I would imagine there are several layers of zone in terms of what's considered safe and not safe.
Earlier today there are reports taking about evacuating Sundahverfi which is an industrial area on the eastern side of Grindavik harbour. It isn't clear from the report if this is just an industrial area or a residential one ('fraid I don't know the area well enough to comment). But the point with that is although it's an area that's 'closed' it doesn't look to have been evacuated either (presumably it's being kept open for business if nothing else - keeping in mind the importance of the fishing industry to Iceland and the lack of ports).
So I really don't think the 'dangerzone' itself is all that big although the exclusion zone is much bigger (to keep out rubber neckers and would be looters).
I've driven through Grindavik. If there was an emergency and only a few people in town (all headed out of town). The road network generally has straight roads not bendy one like we are used to in other European cities (which is one reason it feels so American at the same time as feeling so European - it's European in terms of houses and buildings but the roads feel America). I do think 95secs under threat of a volcanic eruption is viable. I do wonder if people suggesting it's not, have actually been to Grindavik.
The source of this report is reputable. It's something I checked before posting. It quotes someone in authority.
Makes sense to me. An evacuation taking 95 minutes makes a lot less sense - you wouldn't allow people to the area if that's how long it would take to evacuate because of the risk involved!