Luna Gold intercepts 33.00 m of 14.54 g/t Au at the Aurizona gold project, Brazil



    VANCOUVER, March 19 /CNW/ - Luna Gold Corp. (TSXV-LGC) ("Luna" or the
"Company") is pleased to announce new assay results from Tatajuba, the main
satellite deposit at Aurizona. Complete assay results have been received for a
further eleven holes (1,326 metres), ten of which are strongly mineralized.
Significant mineralized intercepts are tabulated below.

    
    -   17.00 meters @ 2.06 g/t Au in hole BRAZD-241

    -   12.00 meters @ 4.06 g/t Au in hole BRAZD-242

    -   48.00 meters at 1.15 g/t Au including 18.00 meters at 2.32 g/t Au in
        hole BRAZD-247

    -   33.00 meters at 14.54 g/t Au including 9.00 meters at 30.80 g/t Au
        and 2.63 meters at 59.66 g/t Au in hole BRAZD-250

    -   34.00 meters at 1.43 g/t Au in hole BRAZD-251
    

    Luna's CEO, Tim Searcy, comments, "We are very pleased with the drilling
results from Tatajuba. The consistency of the mineralization combined with
intercepts of higher grade material confirms our view that the gold potential
of the Aurizona region has been underestimated in the past. As we aggressively
push the Piaba deposit towards development, we will continue exploring at
Piaba, Tatajuba, and the other satellite deposits on the project, as well as
the 47,000 ha of prospective ground that we have recently been awarded in the
region."

    
                                                             TRUE
                           DEPTH    FROM      TO     INT     WIDTH    AU
    HOLE ID     AZI   DIP   (m)      (m)      (m)    (m)      (m)    (g/t)
    -------------------------------------------------------------------------
    BRAZD-241   358   50    81.05   31.00    48.00   17.00    6.0    2.06

    BRAZD-242   358   50    80.25   27.00    39.00   12.00    6.0    4.06
    including                       36.00    37.00    1.00    0.5   27.80

    BRAZD-243   178   50    90.45   14.00    26.00   12.00    n/a    1.05
                                    30.00    45.00   15.00    n/a    1.09

    BRAZD-244   178   50   145.20   78.00    98.00   20.00   12.0    1.31

    BRAZD-245   178   50   135.20   84.00    89.55    5.55    3.8    2.27

    BRAZD-246   178   50   120.25   59.00    70.00   11.00   11.0    1.33

    BRAZD-247   178   50    80.55    2.00    50.00   48.00   48.0    1.15
    including                       13.00    31.00   18.00   18.0    2.32

    BRAZD-248   178   50   130.50   65.00    91.40   26.40   17.5    1.15
    including                       87.00    91.00    4.00    2.6    4.86

    BRAZD-249   358   60   151.05          no significant intercept

    BRAZD-250   358   50   150.55   23.00    56.00   33.00   15.0   14.54
    including                       31.00    40.00    9.00    4.1   30.80
    and                             47.00    49.63    2.63    1.2   59.66

    BRAZD-251   358   50   161.10   94.00   128.00   34.00   19.0    1.43
                                   134.00   137.00    3.00    n/a    1.47
                                   144.00   147.00    3.00    n/a    1.88

      Drill Results from the Tatajuba deposit, at the Aurizona project.
    Width in the table represents core width of the intersections, True width
where available is also shown. To view assays for the full length of each hole
please go to www.lunagold.com. To view location of Tatajuba relative to Piaba
                               please click on:
       http://www.lunagold.com/i/maps/AUR_Regional_Targets_220208.pdf
    

    TATAJUBA

    Tatajuba is the principal satellite deposit within the Aurizona Main gold
camp and is located 1.8 km west from the Piaba deposit along the same
structural lineament. Drill holes BRAZD-241 to 251 were drilled on 50 m spaced
sections in the central and eastern portions of the Tatajuba deposit to extend
both the oxide and fresh rock gold mineralization.
    Luna's Exploration Manager, Titus Haggan states, "The new drill results
have exceeded our expectations for Tatajuba, which was previously considered
to be a narrow discontinuous deposit. The Luna drilling has defined a
continuous, sub-vertical to north-dipping, mineralized zone of over 550 m
strike extent which remains open along strike and at depth. Gold grades are
very consistent within the mineralized zone which attains very high grades in
the eastern area, as demonstrated by BRAZD-250. All assay data have now been
received for Tatajuba and work will now commence on a preliminary resource
estimate."
    From west to east BRAZD-241 intersected 17.00 m @ 2.06 g/t Au in oxide on
Section 2150W. BRAZD-242 intersected 12.00 m @ 4.06 g/t Au from 27.00 m core
depth. BRAZD-243 intersected two wide zones of near surface oxide
mineralization. Drill holes BRAZD-244 and 245 intersected zones of fresh rock
mineralization which significantly extend the previously known depth of
mineralization at Tatajuba. BRAZD-246 and 247 were drilled as step-up and
step-back holes from historic drill hole BRAZD-167 (16.15 m @ 1.73 g/t Au) on
Section 1950W and both holes hit the main mineralized zone with BRAZD-246
intersecting 48.00 m at 1.15 g/t Au from 2.00 m core depth. BRAZD-248
intersected 26.40 m @ 1.15 g/t Au 50 m east on Section 1900W.
    BRAZD-250 and 251 were drilled as step-up and step-back holes from
historic drill hole BRAZD-114 (53.34 @ 2.82 g/t Au) on Section 1800W in the
east margin. Step-up hole BRAZD-250 intersected a wide zone of bonanza-grade
gold mineralization of 33.00 m @ 14.54 g/t Au in oxide from 23.00 m core depth
including 9.00 m @ 30.80 g/t Au and 2.63 m @ 59.66 g/t Au. Step-back hole
BRAZD-251 intersected 34.00 m @ 1.43 g/t Au in fresh rock from 94.00 m,
intersected several narrow mineralized zones and ended in mineralization at
161.10 m. These results define a steeply, north-dipping, mineralized zone
which widens at depth.
    Drilling is ongoing at the Aurizona project and will continue for the
foreseeable future. Currently, one rig is drilling fence holes into the deeper
portions of the Piaba deposit. Upon completion of that program, a rig will be
mobilized back to Tatajuba to continue the expansion drill program there.

    About Luna Gold Corp

    Luna is a mining exploration company focused on the acquisition,
exploration, and development of gold resources and advanced stage gold
exploration projects in northeastern Brazil.

    On behalf of the Board of Directors

    LUNA GOLD CORP.

    Tim Searcy, P. Geo. - President and CEO

    Website: www.lunagold.com

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this press release.

    Regulatory Footnotes

    Luna operates a rigorous QA/QC protocol on all aspects of sampling and
analytical procedure. Drill core is checked, logged, marked for sampling and
sawn in half. One half of the HTW (71 mm diameter) core is maintained for
future reference and one half of the core is sent for analysis. Samples are
collected in approximately 1 meter intervals or less when a mineralized zone
is encountered. All core and samples are stored in secure locked areas.
Samples are transported from the Aurizona project to the ALS Chemex sample
preparation facility in Belo Horizonte, Minas Gerais accompanied by Luna
personnel. Samples are assayed at ALS Chemex Labs in Lima, Peru using a
30 gram fire assay with AAS finish. Each sample batch contains 10% of randomly
inserted internal control samples consisting of certified analytical
standards, blanks (barren rock) and duplicates. These QA/QC procedures provide
several measures of data quality and assure the Company that the assay data is
representative of the original sample.
    Titus Haggan Ph.D., EurGeol Certified Professional Geologist No.746,
Luna's Brazil Exploration Manager is the Qualified Person as defined under
National Instrument 43-101 responsible for the scientific and technical work
on the exploration program and has reviewed the technical disclosure in this
press release.
    This news release does not constitute an offer to sell or a solicitation
of an offer to sell any of the securities in the United States. The securities
have not been and will not be registered under the United States Securities
Act of 1933, as amended or any state securities laws and may not be offered or
sold within the United States or to U.S. persons unless registered under the
United States Securities Act of 1933 and applicable state securities laws or
an exemption from such registration is available.

    Forward-Looking Statements

    Statements in this release that are 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. 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.
Luna Gold does not assume the obligation to update any forward-looking
statement.





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For further information: Investor Relations at (604) 689-7317 or toll
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