Luna Gold intercepts 20.00 m of 9.04 g/t Au including 6.00 m of 27.72 g/t Au at the Cachoeira gold project, Brazil

    VANCOUVER, Sept. 8 /CNW/ - Luna Gold Corp. (TSXV-LGC) ("Luna" or the
"Company) is pleased to announce new assay results from the Company's ongoing
drill program at the Cachoeira gold project including hole LCD-017 which
intercepted 20.00 meters of 9.04 g/t Au, including 6.00 m @ 27.72 g/t Au.
Significant mineralized intercepts are highlighted below.


    -   20.00 meters @ 9.04 g/t Au including 6.00 meters @ 27.72 g/t Au
        in hole LCD-017


    -   3.40 meters @ 7.01 g/t Au and 9.00 m @ 5.96 g/t Au including
        3.00 m @ 15.40 g/t Au in hole LCD-018

    -   3.84 meters @ 4.22 g/t Au and 22.09 meters @ 1.33 g/t Au in
        hole LCD-022

    -   6.50 meters @ 4.38 g/t Au and 11.90 m @ 3.45 g/t Au including
        2.25 m @ 15.99 g/t Au in hole LCD-025

    Luna's CEO, Tim Searcy comments, "This round of drilling has succeeded in
extending mineralization at Tucano along strike to the south and down dip. The
mineralization at Tucano exhibits good strike and dip continuity; it remains
open to the north, south and down dip. Tucano hosts a number of other zones
that Luna has yet to test for extensions. These targets remain for follow-up
drilling. These results, combined with previous results from the Arara zone
(please see the press release dated 26 June 2008), demonstrate that Cachoeira
hosts high grade gold mineralization along 4 km of strike."
    The mineralization at Tucano has two forms: 1) low-sulfide, free gold
associated with quartz veins and 2) gold associated with sulfides (oxidized
and fresh) in quartz veins. Both types of mineralization typically have a
close spatial relationship with felsic dykes. The host rocks are Proterozoic
volcanic and sedimentary units of the Chega Tudo formation, with the volcanic
units appearing to be the most favourable host rocks. The higher grade
intervals are more commonly associated with the low-sulfide, free gold, quartz
    Complete assay results have been received for 15 holes totaling 
3008 metres. Significant mineralized intercepts are tabulated below (assays
for the full length of each hole will be available on the Company's website
shortly, and will be updated as new information is released). The holes were
drilled at the Arara, Coruja and Tucano target areas covering four km of the
mineralized gold trend at Cachoeira. A project map and updated plan maps for
all targets can be viewed on the Company's website.

    HOLE ID  TARGET  AZI  DIP  DEPTH (m)  FROM (m)  TO (m)  INT (m)  AU (g/t)
    LCD-010   Arara  270  -55    218.50        no significant intercepts

    LCD-011   Arara  270  -55    233.60    173.37   177.00    3.63      1.16

    LCD-012   Arara  270  -55    160.70    144.00   146.00    2.00      4.21

    LCD-013  Coruja  090  -50     85.00     52.00    58.00    6.00      1.93

    LCD-014  Coruja  090  -55    189.00        no significant intercepts

    LCD-016  Coruja  090  -55    160.00        no significant intercepts

    LCD-017  Coruja  090  -50    110.00     33.00    53.00   20.00      9.04

    including                               47.00    53.00    6.00     27.72

    LCD-019  Coruja  090  -55    156.00        no significant intercepts

    LCD-020  Coruja  090  -55     94.50        no significant intercepts

    LCD-021  Coruja  090  -55    145.00        no significant intercepts

    LCD-015  Tucano  075  -50    250.00     56.00    60.00    4.00      1.42

                                            78.20    86.00    7.80      1.47

                                           176.00   183.00    7.00      1.17

    LCD-018  Tucano  075  -50    350.20      0.00    10.00   10.00      1.14

                                            92.60    96.00    3.40      7.01

                                           154.00   156.00    2.00      4.52

                                           197.00   205.00    8.00      1.23

                                           224.00   233.00    9.00      5.96

    including                              229.00   232.00    3.00     15.40

    LCD-022  Tucano  075  -60    252.00     61.00    63.00    2.00      2.04

                                            68.72    72.56    3.84      4.22

                                            80.00    82.00    2.00      3.57

                                           147.18   153.00    5.82      1.61

                                           194.91   217.00   22.09      1.33

    LCD-023  Tucano  075  -50    303.80    117.32   132.00   14.68      1.08

                                           136.73   147.00   10.27      2.93

    including                              136.73   138.00    1.27     17.90

                                           257.00   267.00   10.00      2.04

    including                              258.00   261.00    3.00      5.14

    LCD-025  Tucano  120  -65    300.00     77.00    79.00    2.00      2.96

                                           108.50   115.00    6.50      4.38

    including                              113.00   114.00    1.00     23.50

                                           198.00   201.32    3.32      2.58

                                           219.00   222.00    3.00      2.09

                                           227.50   239.40   11.90      3.45

    including                              227.50   229.75    2.25     15.99

                                           256.86   261.00    4.14      1.32

    Table 1. Mineralized intercepts from the Cachoeira project. Width in the
    table represents core width of the intersections, and does not represent
    the true width.

    Titus Haggan, Luna's Exploration Manager comments, "Drilling at Coruja is
now complete and one rig is currently drilling at Tucano where a further two
holes will be drilled before program completion. The drill program was
designed to open-up the strike and plunge extent of high-grade mineralized
zones defined by historic drilling. The objective of this drill program in
testing and extending the previous zones of gold mineralization at Cachoeira
has been met. Luna's drill results identify the Tucano and Coruja targets as
the priority for future resource definition and exploration drill programs."
    The drill holes reported here confirm the existence of high-grade gold
mineralization at the Coruja and Tucano targets. Drilling at Coruja identified
the northern portion of this target as having best potential. LCD-017
intersected a very high-grade intercept of 20.00 meters of 9.04 g/t Au
including 6.00 m @ 27.72 g/t Au associated with visible gold in oxidized
quartz veins. The orientation of this mineralized zone is not yet understood.
LCD-013 was located 80 meters to the north of LCD-017 and intersected 6.00 m @
1.93 g/t Au.
    Drilling at Tucano focused on the southern part of the target and
consisted of several deep holes designed to test for down-dip and plunge
extensions to the near-surface high-grade mineralized structures defined by
previous operators. LCD-018 and LCD-023 were deep step-back holes drilled
beneath the limits of historic drilling in the western area. LCD-018
intersected several high-grade zones including 3.40 m @ 7.01 g/t Au and 9.00 m
@ 5.96 g/t Au including 3.00 m @ 15.40 g/t Au. LCD-023 intersected 10.27 m @
2.93 g/t Au and 10.00 m @ 2.04 g/t. LCD-015 and LCD-022 were sited to test the
eastern mineralized trend at Tucano and were also successful in intersecting
gold mineralization. Both holes intersected several mineralized zones
including 3.84 m @ 4.22 g/t Au and 22.09 m @ 1.33 g/t Au in LCD-022. LCD-025
was drilled oblique to the main mineralized trend to test for a southeast
plunge to the mineralization at Tucano and successfully intersected several
high-grade mineralized zones including 6.50 @ 4.38 g/t Au and 11.90 m @ 3.45
g/t Au including 2.25 m @ 15.99 g/t Au. Preliminary geologic modeling of these
data indicates that ore zones display good continuity between the drill holes.
Gold mineralization is associated with a late quartz vein phase associated
with an intrusive dyke suite. The high gold grades intersected are also
supported by recent high-grade gold assays (86.70 g/t Au, 53.10 g/t Au and
26.60 g/t Au) returned from underground rock samples collected by Luna
geologists at Tucano.

    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.

    Quality Assurance/Quality Control

    Luna operates a rigorous QA/QC protocol on all aspects of sampling and
analytical procedure at Cachoeira. Drill core is checked, logged, marked for
sampling and sawn in half. One half of the HQ (71 mm diameter) core is
maintained for future reference and one half of the core is sent for analysis.
Samples are collected in approximately 2 meter intervals reduced to 1 meter or
less when a mineralized zone is encountered. All core and samples are stored
in secure locked areas. Samples are transported from the Cachoeira 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 50 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.

    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. 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: Investor Relations at (604) 689-7317 or toll
free at 1-866-689-7317

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