Vancouver, December 29, 2010 -- Luna Gold Corp. (TSXV-LGC) ("Luna Gold" or the "Company") announces that its Aurizona gold operation, located in Maranhao state, Brazil was the target of an armed robbery early on December 29th.

A group of armed robbers gained access to the site and escaped with approximately 1,500 ounces of gold. No employees were injured during the robbery.

Luna Gold has purchased insurance to cover this type of loss with an internationally recognized insurance company and is in the process of filing a claim.

The robbery is currently under investigation by Maranhao State Police.

Luna Gold's President & CEO, John Blake comments, "The safety and welfare of our employees is our highest priority and we will ensure that those involved receive appropriate support and counseling. Theft in this manner is disturbing and regrettable.
The company is co-operating with authorities and will update the market when information becomes available."

About Luna Gold Corp.

Luna Gold is a gold mining and exploration company engaged in the exploration and development of gold deposits and advanced stage gold exploration projects in Brazil. The Company is currently commissioning its Aurizona gold mine in Maranhão, Brazil.