Luna Gold Corp. (fka LGCUF)

[golden08]

Thu Jun 26, 2008
Luna Gold Intercepts 6.00 M Of 12.58 G/T At The Cachoeira Gold Project, Pará State, Brazil

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Vancouver, June 26, 2008 - Luna Gold Corp. (TSXV-LGC) ("Luna" or the "Company") is pleased to announce assay results from the first nine holes of the Company's ongoing 6,000 m drill program at its Cachoeira gold project, including hole LCD-009 which intercepted 6.00 meters of 12.58 g/t Au. Significant mineralized intercepts are highlighted below.


6.00 meters @ 12.58 g/t Au in hole LCD-009
2.00 meters @ 9.50 g/t within 15.00 meters @ 1.75 g/t Au in hole LCD-008
2.00 meters @ 5.40 g/t Au in hole LCD-007
14.35 meters @ 1.68 g/t Au in hole LCD-004
1.00 meter @ 9.52 g/t Au in hole LCD-006
97.00 meters @ 0.43 g/t Au in hole LCD-001
Luna's CEO, Tim Searcy comments, "This first set of drill results from Cachoeira highlights the quality of projects that Luna is acquiring in the northeast of Brazil. The advanced stage exploration ongoing at Cachoeira is an excellent complement to the feasibility work ongoing at the Aurizona project 100 km to the northeast."

He continues, "These results come from the Arara target, which is the most northerly target along the 5 km of variably mineralized strike at Cachoeira. The Company is very pleased with the high grade intervals encountered at Arara, as it is viewed, primarily, as an underground type target. Further south along strike, the targets Coruja and Toucano have potential for both broad zones of lower-grade mineralization and structurally controlled higher-grade mineralization. Drilling will continue at Cachoeira for two months as the Company has a contract for a minimum of 6,000 m in this phase. Luna anticipates the delivery of the first NI 43-101 resource estimate for Cachoeira by the second quarter of 2009. The estimate will incorporate historic drilling from previous operators and Luna's recent results."

Complete assay results have been received for 9 holes totaling 1940 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 on east-west sections spaced approximately 50 meters apart on the Arara Target Area in the north of the project area. Project maps have been updated to the Company's website. (http://www.lunagold.com/i/pdf/Arara_Plan_Map_240608.pdf)