Luna Gold intercepts 15.00 m of 4.45 g/t Au and 31.00 m of 2.27 g/t Au at Aurizona

    VANCOUVER, Sept. 25 /CNW/ - Luna Gold Corp. (TSXV-LGC) ("Luna" or the
"Company") is pleased to announce new assay results from the Company's
resource drill program at Piaba, the main gold deposit at its wholly owned
gold project, Aurizona. Significant mineralized intercepts are highlighted

    -   31.00 meters @ 2.27 g/t Au including 3.00 meters @ 9.73 g/t Au
        in hole BRAZD-267

    -   17.00 meters @ 1.16 g/t Au in hole BRAZD-268

    -   15.00 meters @ 4.45 g/t Au and 18.00 meters @ 1.34 g/t Au in
        hole BRAZD-269

    Luna's CEO, Tim Searcy, comments, "The Aurizona project continues to
deliver great results. These holes will have a significant impact on the
economics of the deposit. They were drilled into a large inferred block that
falls within the proposed open-pit area. The Feasibility Study (see press
release dated 7 July 2008) modeled it as waste, now much of it will be modeled
as ore, reducing the strip rate and costs, while increasing production.
Furthermore, the grades are significantly higher than what was estimated
    Complete assay results have been received for a further 4 holes totaling
602 meters drilled in the western portion of the Piaba deposit. All drill
holes intersected gold mineralization. Significant mineralized intercepts are
tabulated below.

     HOLE ID     AZI    DIP     FROM       TO      INT       AU   TRUE WIDTH
                                 (m)      (m)      (m)    (g/t)          (m)
    BRAZD-266    168     60    75.00    83.00     8.00     1.91         7.00

    BRAZD-267    340     55     0.00    18.00    18.00     1.78        10.16
                               44.00    75.00    31.00     2.27        17.07
      including                53.00    56.00     3.00     9.73         1.66

    BRAZD-268    338     50    90.00   107.00    17.00     1.16        10.38
                              118.00   120.00     2.00     2.81         1.22

    BRAZD-269    178     55    47.00    62.00    15.00     4.45        14.30
                               71.00    89.00    18.00     1.34        17.05
    Table1. Mineralized intercepts from the Piaba deposit. Width in the table
            represents core width of the intersections, True width, where
            available, is also shown.

    Luna's Exploration Manager, Titus Haggan states, "These holes were sited
to drill into inferred blocks in the resource model and estimate released on
May 20, 2008 which cubed a measured and indicated resource of 763,000 ounces
gold at 1.30 g/t and an inferred resource of 525,000 ounces gold at 1.29 g/t
at Aurizona. The gold grades returned in holes BRAZD-267 and BRAZD-269 are
higher than expected for this area and demonstrate good grade continuity at
depth. The Phase 1 drill program is now completed and a new resource estimate
will be conducted to incorporate the 19 new holes drilled by Luna since the
database was frozen for the May resource estimate. All 19 new holes
intersected significant gold mineralization."
    The drill holes were sited to test the vertical continuity of oxide and
fresh rock gold mineralization within a 175 m strike length at Piaba West. All
holes successfully extended gold mineralization. Drill holes BRAZD-266
intersected 8.00 m @ 1.91 g/t Au. BRAZD-267 intersected 18.00 m @ 1.78 g/t Au
from surface and 31.00 m @ 2.27 g/t Au from 44.00 m core depth including a
high-grade interval of 3.00 m @ 9.73 g/t Au. BRAZD-268 intersected 17.00 m @
1.16 g/t Au from 90.00 m core depth. BRAZD-269 intersected 15.00 m @ 4.45 g/t
Au from 47.00 m and 18.00 m @ 1.34 g/t Au from 71.00.

    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

    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 Belo Horizonte using a
30 gram fire assay with AAS finish. Each sample batch contains approximately
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. These factors include the inherent risks involved in the
exploration and development of mineral properties, the uncertainties involved
in interpreting drill results and other exploration data, fluctuating metal
prices, the possibility of project cost overruns or unanticipated costs and
expenses, uncertainties relating to the availability and costs of financing
needed in the future. The Company undertakes no obligation to update
forward-looking information except as required by applicable law. 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.

For further information:

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

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