Step 1: Identify the upper and lower curves.
The curves are
\[
y=2^x
\]
and
\[
y^2=4x
\quad\Rightarrow\quad
y=2\sqrt{x},
\]
since \(y>0\) in the given interval.
For
\[
\frac12\le x\le1,
\]
we have
\[
2\sqrt{x}>2^x.
\]
Hence,
\[
\text{Area}
=
\int_{1/2}^{1}
\left(2\sqrt{x}-2^x\right)\,dx.
\]
Step 2: Integrate each function.
Now,
\[
\int2\sqrt{x}\,dx
=
2\cdot\frac23x^{3/2}
=
\frac43x^{3/2},
\]
and
\[
\int2^x\,dx
=
\frac{2^x}{\log2}.
\]
Therefore,
\[
\text{Area}
=
\left[
\frac43x^{3/2}
-
\frac{2^x}{\log2}
\right]_{1/2}^{1}.
\]
Step 3: Substitute the limits.
At
\[
x=1,
\]
\[
\frac43(1)^{3/2}
-
\frac2{\log2}
=
\frac43-\frac2{\log2}.
\]
At
\[
x=\frac12,
\]
\[
\frac43
\left(\frac12\right)^{3/2}
-
\frac{\sqrt2}{\log2}
=
\frac{\sqrt2}{3}
-
\frac{\sqrt2}{\log2}.
\]
Hence,
\[
\text{Area}
=
\left(
\frac43-\frac2{\log2}
\right)
-
\left(
\frac{\sqrt2}{3}
-
\frac{\sqrt2}{\log2}
\right).
\]
Simplifying,
\[
\boxed{
\text{Area}
=
\frac{4-\sqrt2}{3}
-
\frac{2-\sqrt2}{\log2}.
}
\]
Therefore, the correct option is \(\boxed{(B)}\).