Lumina Resources Corp.
TSX : LUR

Lumina Resources Corp.

January 16, 2006 08:30 ET

Lumina Resources Cuts 94.95 Metres at 1.00 G/T Au, 0.17% Cu and 0.025% Mo in Follow Up Drilling in Island Copper Belt

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 16, 2006) - Lumina Resources (TSX:LUR) announces that during follow up drilling in the NW Expo area of its Island Copper Belt holdings on Vancouver Island, it has discovered significant gold mineralization in a structure that is estimated to be 80 metres in width. The structure is located in an area of poor outcrop but appears to be defined by a magnetic anomaly over 2 kms in length. The results were as follows:



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Hole No. From To Interval Gold Copper Molybdenum
metres metres metres g/t % %
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228 132.9 227.85 94.95 1.00 0.17 0.025
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Anthony Floyd, president, said: "We already have a large resource nearby at Hushamu. This new discovery of gold rich mineralization could have a major impact on the economics of developing a mine in the district if we can delineate a significant tonnage with a gold grade similar to what we see in Hole 228".

The mineralized zone, which projects to surface, is hosted by variably altered andesitic units of the Bonanza Group. Previous drilling on the same structure and drilled deeper on the same section returned the following results:



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Hole No. From To Interval Gold Copper Molybdenum
metres metres metres g/t % %
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218 317.8 442.7 124.9 0.52 0.11 0.005
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Currently the company is reviewing all of the results from the 2005 drill program which tested numerous targets on its Island Copper Belt holdings. The majority of this drilling was conducted on claims held under option from Electra Gold Ltd ("Electra"). Lumina can earn a 100% interest in Electra's mineral rights, totaling 14,600 hectares, by paying Electra $200,000 over a three-year period. Upon a production decision on any mineral resources delineated on the Electra concessions, Lumina will pay Electra $800,000 in cash or Lumina stock.

Anthony Floyd, P.Geo, is the Qualified Person as defined by National Instrument 43-101 for the Hushamu Project. Bruce Davis of Norwest Corporation is supervising the quality control and quality assurance program. Core logging and sampling were completed in the Company's secure facility located at the project. The BTW core was sawn on site and samples were transported in tamper proof containers to the ALS Chemex facility in Vancouver for sample preparation and analysis. The Company inserts standards, blanks and duplicates selected on a random basis into the sample stream and sends 5% of the sample pulps to check laboratories in Vancouver. At ALS Chemex, all pulps were analyzed for gold by ore grade 30 g Fire Assay-Atomic Absorption Spectroscopy Combination (AAS) and 25 additional elements using High Grade Four Acid Digestion and inductively coupled plasma-emission spectroscopy (ICP-ES).

LUMINA RESOURCES CORP

Signed: "Anthony Floyd"

Anthony Floyd, President

CAUTION REGARDING FORWARD LOOKING STATEMENTS: Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995: Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements" within the meaning of the Private Securities Act of 1995. Such forward-looking statements, including but not limited to those with respect to the price of copper, gold and molybdenum, the timing and amount of future production, metallurgical recoveries, costs of production, reserve and resource determination and reserve conversion rates, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks relating to the integration of acquisitions, risk relating to international operations, risks relating to joint-venture operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project and exploration parameters as plans continue to be refined, future prices of copper, gold and molybdenum, as well as those factors discussed in the section entitled "Risk Factors" in the Form 20-F as on file with the Securities and Exchange Commission in Washington, D.C. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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