Vancouver, April 24, 2014 – Luna Gold Corp. (TSX-LGC, LMA-LGC, OTCQX-LGCUF, “Luna” or the “Company”) is pleased to announce a brownfield exploration program (“Brownfield Exploration”) at the Aurizona Gold Mine (“Aurizona”) in Brazil. The Brownfield Exploration program initially will be funded by drawing down the final US$10 million from its previously announced secured debt facility (the “Sandstorm Debt Facility”) with Sandstorm Gold Ltd (“Sandstorm”). Including this additional US$10 million Sandstorm loan, the Company’s current cash balance is approximately US$34 million plus an inventory of 5,500 ounces in unsold gold bullion at March 31, 2014.

Under this initiative, the Company plans to continue exploration and condemnation drilling in the second half of 2014. The objective of this 3 to 5 year drilling program is to expand resources and reserves, specifically targeting new saprolite mineralization, and to sterilize future footprints for plant expansion, tailings and waste storage areas. Results of the drilling program will assist in the determination of the next steps for the Phase I and Phase II expansion scenarios.

The Brownfield Exploration drilling program will target new mineralization in several near mine areas as well as an expansion of resources and reserves through step-out drilling at the Piaba, Boa Esperança, Conceição and Ferradura gold deposits. The drilling program will focus on saprolite mineralization along strike from these deposits and new saprolite mineralization east-southeast of Piaba within the Micote-São Lourenço trend and basin area. A detailed map of Aurizona Gold Mine deposits, targets and areas to condemn can be found on Luna’s website at www.lunagold.com.

The Company intends to spend approximately US$6 million in 2014 on these initiatives, including the acquisition of three new multi-purpose drill rigs.

The Sandstorm Debt Facility matures on June 30, 2017, carries an interest rate of 12% per annum and is guaranteed by Luna and its subsidiary Mineração Aurizona S.A. Under the terms of this agreement, Luna will have an interest free period of up to 16 months on the portion of the Sandstorm Debt Facility that funds brownfield exploration.

About Luna Gold Corp.
Luna is a gold production company engaged in the operation, expansion, and exploration of gold projects in Brazil.


On behalf of the Board of Directors

LUNA GOLD CORP.
Geoff Chater – President and CEO