Luna Gold names Michael Williams as an advisor to the company

    VANCOUVER, Aug. 10 /CNW/ - Luna Gold Corp. (TSXV-LGC) ("Luna" or the
"Company") is pleased to announce that Michael Williams, the President and CEO
of Full Metal Minerals, has agreed to join the Company as an advisor. Since
going public in May 2004, Full Metal has made three significant mineral
discoveries in the State of Alaska. In the past two seasons, the company has
discovered two high-grade extensions to the historic Lucky Shot gold mine. In
2006, the company made two zinc-silver-rich massive sulphide discoveries in
the 40 Mile District of Alaska.
    Mr. Williams was formerly the Vice President of Atna Resources Ltd.,
where he developed and implemented all of the company's communications and
investor relations programs from 1996 to 2004. He left Atna to co-found Full
Metal Minerals. Mr. Williams has significant contacts with both retail and
institutional investors and an extensive investment banking network.
    Luna's President, Tim Searcy, comments "We are very pleased to have
Michael join the team. Through his experience marketing junior mining
companies over the last 15 years, Mike has developed an extensive network of
retail and institutional investors, which will benefit Luna as it expands its
investor base."
    In addition the Company will be granting Mr. Williams 80,000 incentive
stock options at a price of Cdn $0.85 per share, exercisable on or before
August 8th, 2012. These options will vest on a basis of 25% per quarter.

    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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