November 3, 2016 – Vancouver, BC – Luna Gold Corp. (TSX: LGC) (“Luna Gold” or “the Company”) announced today that it has filed a preliminary short form base shelf prospectus with the securities commissions or similar regulatory authorities in each of the provinces of Canada, except Quebec.

The base shelf prospectus will allow Luna to offer up to US$200,000,000 (or the equivalent in Canadian dollars) of common shares, debt securities, subscription receipts, units, warrants and share purchase contracts from time to time over the 25-month period after Canadian securities regulatory authorities have issued a receipt for the final short form base shelf prospectus.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualifications under the securities laws of any such jurisdiction.

A copy of the preliminary short form base shelf prospectus may be obtained from the Corporate Secretary of the Company by directing a request to Luna Gold at Suite 730 - 800 West Pender Street, Vancouver, British Columbia, Canada, V6C 2V6, Attn: Corporate Secretary, or can be downloaded from SEDAR at www.sedar.com.

On behalf of the Company

“Christian Milau”

Christian Milau, Chief Executive Officer and Director