Luna Gold intercepts 30.00 m of 3.52 g/t Au and 40.00 m of 2.01 g/t Au at Aurizona demonstrating vertical continuity of high-grade gold mineralization

    VANCOUVER, Aug. 6 /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 Piaba, the main gold deposit at its wholly owned gold
project, Aurizona. Significant mineralized intercepts are highlighted below.

    -   30.00 meters @ 3.52 g/t Au including 2.00 meters @ 28.29 g/t Au
        in hole BRAZD-262

    -   7.00 meters @ 3.67 g/t Au in hole BRAZD-263

    -   60.00 meters @ 1.39 g/t Au in hole BRAZD-264

    -   12.00 meters @ 3.25 g/t Au and 40.00 m @ 2.01 g/t Au including
        7.00 meters @ 7.06 g/t Au in hole BRAZD-265

    Luna's CEO, Tim Searcy, comments "Drilling from the fresh rock zone, in
the central portion of Piaba, continues to return grades that are well above
average for the deposit. This, obviously, has very positive implications for
continued resource growth at Piaba. Furthermore, these deeper intercepts are
approximately 50m below the pit floor as modeled in Luna's recently delivered
Feasibility Study (see press release dated July 7th) and represent excellent
potential to enhance the project economics."
    Complete assay results have been received for a further 5 holes totaling
978 meters drilled in the east-central portion of the Piaba deposit (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). All drill holes
intersected gold mineralization. Significant mineralized intercepts are
tabulated below.

                            DEPTH                        INT   WIDTH      AU
    HOLE ID     AZI  DIP       (m)  FROM (m)   TO (m)     (m)     (m)   (g/t)
    BRAZD-261   168   55   167.60    131.00   147.00   16.00   11.30    1.59
    BRAZD-262   168   70   208.80    140.00   170.00   30.00   12.80    3.52
    including                        155.00   157.00    2.00    0.90   28.29
    BRAZD-263   168   70   180.05    103.00   110.00    7.00    3.20    3.67
    BRAZD-264   348   70   174.85     10.00    70.00   60.00    5.50    1.39
                                     111.00   127.00   16.00    1.30    1.17
    BRAZD-265   168   60   246.15     29.00    32.00    3.00       -    4.67
                                     106.00   118.00   12.00    6.80    3.25
    including                        116.00   117.00    1.00       -   32.80
                                     185.00   225.00   40.00   23.80    2.01
    including                        185.00   192.00    7.00    4.20    7.06
    Table 1. Mineralized intercepts from the Piaba deposit. Width in the
    table represents core width of the intersections, True width, where
    available, is also shown. An updated Piaba plan map showing the location
         of these drill holes has been uploaded to the Luna website.

    Luna's Exploration Manager, Titus Haggan states, "The most significant
aspect of these new results is that they continue to demonstrate strong
vertical continuity to the Piaba deposit and more importantly that gold grades
are increasing with depth in several areas. The mineralized intervals in drill
holes BRAZD-261, 262 and 263 all show an increase in average gold grade
compared to holes drilled up-section. The Luna drill program continues to hit
significant intervals of gold mineralization demonstrating the existence of a
large orogenic gold deposit at Piaba which has a strike length of over
2.3 km."
    The drill holes were sited to test the vertical continuity of the fresh
rock mineralization within a 760 m strike length at Piaba. All holes
successfully extended gold mineralization. Drill holes BRAZD-261 and 263
intersected 16.00 m @ 1.59 g/t Au and 7.00 m @ 3.67 g/t Au respectively,
extending gold mineralization to a depth of -100 m RL (RL is "reference
level"; at Aurizona the RL is sea level) in this area. Drill holes BRAZD-262
intersected 30.00 m @ 3.52 g/t including a high-grade interval of 2.00 m @
28.29 g/t Au extending mineralization to a depth of -130 m RL. BRAZD-264 was
drilled parallel to the deposit dip on section 200E to provide additional
grade control information and to extend mineralization and intersected 60.00 m
@ 1.39 g/t and 16.00 m @ 1.17 g/t Au. BRAZD-265 was drilled 60 m vertically
beneath BRAZD-204 (59.00 m @ 1.48 g/t Au) to determine continuity of the
mineralization. This hole intersected 12.00 m @ 3.25 g/t Au and 40.00 m @ 2.01
g/t including a high-grade intercept of 7.00 m @ 7.06 g/t Au extending
mineralization to the -180 m RL level in this area.

    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 50
and 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: Investor Relations at (604) 689-7317 or toll
free at 1-866-689-7317

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