Replies to post #2115 on THE WALL STREET CLUB

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Luna announces acquisition of Aurizona Goldfields and closing of $3.8 million private placement
VANCOUVER, Jan. 31 /CNW/ - Luna Gold Corp. (TSXV-LGC, OTCBB-LGCU) ("Luna" or the "Company") is pleased to announce the closing of the purchase of 99.99% of the issued and outstanding shares of Aurizona Goldfields Corporation ("Aurizona") pursuant to a Share Purchase Agreement entered into with Eldorado Gold Corporation and Brascan Recursos Naturais SA (a wholly owned subsidiary of Brascan Brasil) as announced on December 21, 2006.

Aurizona owns Mineracao Aurizona S.A ("MASA"), a company incorporated in Brazil. MASA's main asset is the 100% ownership of the Piaba gold project (the "Project") in Maranhao State, Brazil. There is a historical resource estimate on the Project. From an internal report prepared for MASA in January of 2000, at a 0.3 g/t Au cut-off grade and a price of US$350/oz Au, the Project has an indicated resource of 12.5 million tonnes at 1.27 g/t Au for 500,000 oz, and an inferred resource of 8.6 million tonnes at 1.27 g/t Au for 350,000 oz. The above resource estimates are historical and do not conform to the standards of National Instrument 43-101; they may vary materially from estimates made in accordance with the classification made pursuant to NI 43-101 and should not be relied upon. The Company's qualified person ("QP") has not done sufficient work to classify the historical estimate as current mineral resource and is not treating the historical estimates as current mineral resources as defined in NI 43-101. However, the Company's QP believes the historic estimate is relevant and offers a fair description of the Project's known mineralization.

Luna is also pleased to announce the closing of a non-brokered private placement of 8,473,164 Units as announced on January 16, 2007, for gross proceeds of $3,812,923. Each Unit consist of one common share and one-half of one share purchase warrant and each whole warrant entitles the holder to purchase one common share at a price of $0.70 for a period of eighteen months.

The common shares issued pursuant to the Private Placement are subject to a four month hold period expiring on June 1, 2007.

A cash finder's fee in the aggregate of $109,494 was paid and an aggregate of 275,080 Agent's Warrants was issued to various parties for introducing investors to the Company. Each Agent's Warrant entitles the holder to purchase one common share at a price of $0.45 for a period of eighteen months.

About Luna Gold Corp

Luna is a mining exploration company with a focus on gold development in Brazil and gold exploration in Nevada.

On behalf of the Board of Directors

LUNA GOLD CORP.

"Tim Searcy"

Tim Searcy, P. Geo. - President and CEO

Website: www.lunagold.com

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 statement.