Luna Gold hires O&M Partners as consultants

    VANCOUVER, Aug. 9 /CNW/ - Luna Gold Corp. (TSXV-LGC) ("Luna" or the
"Company") is pleased to announce it has engaged O&M Partners LLC ("O&M") to
implement an institutional targeting program. Based in New York, O&M is a
buyside consulting firm that specializes in small-cap institutional targeting
for public companies in the commodities sector.
    Luna and O&M have signed a 12 month consulting agreement during which O&M
will provide Luna a minimum of 5 months of service. Luna will pay O&M
US$10,000 per month of service and issue O&M 250,000 stock options at a price
of Cdn$0.85 per share and will vest on a basis of 25% per quarter. The
agreement is subject to any required approval of the TSX Venture Exchange.

    Luna Issues Stock Options

    In addition, Luna has granted directors, management and employees 785,000
incentive stock options at a price of Cdn$0.85 per share, exercisable on or
before August 8th, 2012. These options will vest as to 33.3% every six months.

    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


    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.

    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

For further information:

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

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