LUNA GOLD CLARIFIES PRESS RELEASE ON ITS UPDATED NI 43-101 TECHNICAL REPORT FOR AURIZONA

VANCOUVER, Sept. 7 /PRNewswire-FirstCall/ - Luna Gold Corp. (TSXV-LGC). Further to its September 3, 2010 press release with respect to its updated NI 43-101 compliant technical report (the "Report") for its 100% owned Aurizona Gold Project ("Aurizona") Luna Gold Corp. ("Luna" or the "Company") wishes to provide additional information to clarify its earlier press release. The Report was completed by SRK Consulting (U.S.) Inc. ("SRK") and up-dates the mineral resources (outlined in our September 3, 2010 press release) and mineral reserves of the Piaba Gold deposit.  Mineral reserves are based on a culmination of pit optimization, pit design and associated mine economics and are corrected for site (July 13, 2010) topography and stockpile survey. Only measured and indicated resources were used to estimate proven and probable reserves within the pit limits. Inferred material is treated as waste with zero grade.

Summary of Proven and Probable Reserves for Piaba (As of July 13, 2010)

The September 3, 2010 press release summarizes the economic analysis of the Report required by Item 25 of Form 43-101F1 for a development property.  For clarification, the economic analysis is based on the mineral reserves only. 

About Luna Gold Corp

Luna is a gold mining and exploration company engaged in the exploration and development of gold deposits and advanced stage gold exploration projects in Brazil. The Company is currently commissioning its Aurizona gold mine in Maranhão, Brazil.

On behalf of the Board of Directors

LUNA GOLD CORP.

Jim Bahan- President and CEO

Website: www.lunagold.com

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Regulatory Footnotes

Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Leah Mach, Eric Olin and Bret Swanson of SRK Consulting are the qualified persons ("QP") under NI 43-101 who have prepared the technical information contained in this press release.  All of the QP's are independent of the Company as defined under NI 43-101.  For additional information with respect to the assumptions and parameters related to the technical information disclosed herein, refer to the Report.

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, including without limitation the expectations and goals of management as to the defining of further mineral resource estimates and timing thereof, can be guaranteed and actual future results may vary materially. Additionally, the economic analysis disclosed herein and other forward looking information are subject to various assumptions and parameters discussed in the Report.  Luna Gold does not assume the obligation to update any forward-looking statement unless otherwise required by law.

SOURCE Luna Gold Corp.

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