Luna Gold closes $31 million private placement

    VANCOUVER, Feb. 26 /CNW/ - Luna Gold Corp. (TSXV-LGC) ("Luna" or the
"Company") is pleased to announce the closing of a non-brokered private
placement of 258,403,949 common shares for gross proceeds of $31,008,473.88,
as previously announced on January 27 and February 23, 2009.
    The common shares issued pursuant to the private placement are subject to
a four month hold period expiring on June 27, 2009.
    Cash finder's fees aggregating $47,486.40 were paid to various parties
for introducing arm's length investors to the Company.

    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 north-eastern Brazil.

    On behalf of the Board of Directors


    Marcel de Groot, Chairman


    Neither the TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of this 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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