Luna announces C$5.0 million private placement

    VANCOUVER, June 20 /CNW/ - Luna Gold Corp. (TSXV-LGC, OTCBB-LGCU) ("Luna"
or the "Company") is pleased to announce that it has arranged a non-brokered
private placement of securities to raise gross proceeds of approximately C$5.0
million, subject to the approval of the TSX Venture Exchange. The private
placement is being undertaken in order to fund the completion of the
feasibility work at its Aurizona gold project in Brazil as announced on June
4, 2007.
    The securities will be issued in the form of units at a price of C$0.55
per Unit, with each Unit consisting of one common share and one-half of one
share purchase warrant. Each whole warrant will entitle the holder to purchase
an additional common share of the Company at a price of C$0.85 for a period of
18 months from the date of issue.
    The Company may pay a finder's fee of 5%, payable in cash.

    About Luna Gold Corp

    Luna is a mining exploration company with a focus on gold development in
Brazil and gold exploration in Nevada.

    On behalf of the Board of Directors


    Tim Searcy, P. Geo. - President and CEO


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

    Regulatory Footnotes

    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.

For further information:

For further information: Investor Relations at (604) 689-7317 or toll
free at 1-866-689-7317

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