SOURCE: Luna Gold Corp.

Luna Gold Corp.

February 02, 2015 05:30 ET

Luna Gold Announces the Appointment of Marc Leduc to the Position of President, CEO and Director

VANCOUVER, BC--(Marketwired - February 02, 2015) - Luna Gold Corp. (TSX: LGC) (LMA: LGC) (OTCQX: LGCUF) ("Luna" or the "Company") is pleased to announce that Marc Leduc has been appointed as President, Chief Executive and a Director of the Company.

Mr. Leduc is a mining engineer and geologist with experience involving all aspects of the development, operations, planning and evaluation of mining projects. He has led technical teams in the design, operation and construction of large mines, heap leach (including valley-fill heap leach) and tailings facilities in the United States, Costa Rica, Mexico, Chile, Peru and Armenia. Mr. Leduc has also worked in the area of complex metallurgy, site water management and heap planning, and has used innovative solutions to solve environmental concerns at different sites around the world. In Peru, Mr. Leduc worked for Barrick Gold as Chief Engineer for the design, construction and initial operation of the Pierina valley-fill heap leach gold mine and, until recently, he served as the Chief Operating Officer of Lydian International. With Lydian he led the team that completed the bankable feasibility study and government acceptance of the project's Environmental Impact Statement. Mr. Leduc was President and COO of Bear Creek Mining for over 7 years and advanced both of their silver projects to feasibility level. Mr. Leduc holds a B.Sc. degree in Geology and a B.Sc. (Honours) degree in Mining Engineering, and is a Professional Engineer in Ontario and British Columbia and member of the Society for Mining Metallurgy and Exploration and the Canadian Institute of Mining and Metallurgy.

Commenting on the appointment of Mr. Leduc, Steve Krause, Chairman of Luna Gold said "On behalf of the Board of Directors, I would like to welcome Mr. Leduc as the new Chief Executive Officer of Luna. We believe that Marc will be able to use his experience to help Luna optimize the value of the Aurizona gold mining operation and the Company's Greenfields exploration properties."

About Luna Gold Corp.

Luna is a gold production and exploration company engaged in the operation, discovery, and development of gold projects in Brazil.

On behalf of the Board of Directors

LUNA GOLD CORP.

Steven Krause - Chairman of the Board of Directors.

Forward-Looking Statements

This release contains certain "forward looking statements" and certain "forward looking information" as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. Forward-looking statements include, but are not limited to, statements with respect to future gold production and/or the results of analysis on gold production. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in Luna Gold Corp.'s periodic filings with Canadian Securities Regulators. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drill results and other exploration data, the potential for delays in exploration or development activities, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties with or interruptions in production and operations, fluctuating metal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, regulatory restrictions, including environmental regulatory restrictions and liability, competition, loss of key employees, and other related risks and uncertainties. The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

Contact Information

  • For further information contact:

    Patrick Balit
    Investor Relations Manager
    +1 (604) 568-7993
    Website: www.lunagold.com