Luna Gold Announces Appointment of New Director


VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 1, 2012) - Luna Gold Corp. (TSX VENTURE:LGC)(LMA:LGC) ("Luna", "Luna Gold" or the "Company") is pleased to announce the appointment of Keith Hulley as a Director of the Company.

Keith Hulley is the current Chairman of the Board of Directors of Gabriel Resources and is the former Interim CEO of Gabriel Resources. Previously, Mr. Hulley served seven years as President, CEO and Executive Chairman of Apex Silver Mines before retiring as CEO in 2004 and from the Board in 2009. Mr. Hulley has more than 40 years of experience in the mining industry which includes Board and senior executive experience at Western Mining Holdings Ltd. and USMX Inc.

Luna Gold's Chairman, Marcel de Groot comments, "The addition of Mr. Hulley complements our recently transformed management team headed by John Blake. Mr. Hulley's appointment represents a further significant step in the growth of Luna Gold into a mid-tier producer."

About Luna Gold Corp.

Luna Gold is actively engaged in the operation, exploration, acquisition and development of gold opportunities in Brazil. The Company currently has a gold mining operation, Aurizona Gold Mine in Maranhão, Brazil, a gold development project, the Cachoeira project in Para, Brazil and the Company is exploring in a large strategically placed greenfields land position in Maranhão, Brazil.

On behalf of the Board of Directors

LUNA GOLD CORP.

John Blake - President and CEO

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.

Contact Information:

Luna Gold Corp.
Investor Relations
604 558 0560
604 558 0561 (FAX)
www.lunagold.com