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Luna Gold Corp

Published : September 27th, 2010

Announces Appointment of New President & CEO

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News Release Monday, September 27, 2010

Luna Gold Announces Appointment of New President & CEO

Vancouver, September 27, 2010 - Luna Gold Corp. (TSXV-LGC) ("Luna", "Luna Gold" or the "Company") is pleased to announce the appointment of John Blake, to serve as President and CEO of the Company. John will succeed Jim Bahan who will continue his contribution to the company as a director and be available as a consultant in the future. This change of CEO and the retention of Jim Bahan will strengthen the company management and board of directors for the continued growth of Luna Gold Corp. Marcel de Groot comments, "We would like to thank Jim Bahan for his outstanding contribution to the Company from the acquisition through production of the Aurizona Gold Project, and look forward to his continued contribution on the Board of Directors."

Australia born and based in Vancouver, John has over 30 years in the mining industry with extensive operations experience as Chief Executive/Director of Operations for the Indonesian subsidiary of Newcrest Mining, Australia's largest gold producer. While with Newcrest Dr. Blake oversaw the completion of a mine and the advancement of two mines from discovery through to production, including the underground Kencana Mine a 450,000 ounce per annum gold producer. Dr. Blake has strong operational experience and a demonstrated ability to manage and grow an operation through all facets of development. His business acumen is demonstrated from his experience as CEO of Australian Solomons Gold Ltd (ASX - SGA) responsible for the redevelopment of the Gold Ridge mine in Guadalcanal, Solomon Islands. John was also an executive Director of Agincourt Resources Ltd (ASX- AGC) and President of PT Agincourt Resources Indonesia responsible for the development of the Martabe Gold mine in Indonesia. Dr. Blake remains a non executive Director of Sihayo Gold (ASX - SIH) a company developing a gold mine in North Sumatra Indonesia.

"We are very pleased to bring on someone with John's skill set at this juncture of Luna's development. With Aurizona nearing commercial production, an aggressive 20,000 m drill program launched recently and a maiden NI 43-101 resource due out on Cachoeira in the fourth quarter of 2010, the future looks very exciting in this strong gold price environment," commented Luna Gold Chairman Marcel de Groot. "I am very excited to be joining the Luna Gold team at this period of its genesis as a gold company. Aurizona and the rest of Luna's assets present themselves as highly prospective projects with outstanding potential. I am pleased to be involved in a Company with such growth prospects," commented John Blake.

Dr. Blake has a Doctorate in Business Administration and a Masters in Engineering Science, from the University of New South Wales and a Masters in Business Administration from Deakin University in Victoria. Dr. Blake is also a member of the Australasian Institute of Mining and Metallurgy.

Other Matters

Luna Gold's board of directors has granted 5,000,000 stock options to an officer of the corporation. The options will have an exercise price of $0.58 per common share, with a hold period of four months and will expire on September 24, 2015.

The company also reports the cancellation and return to treasury of 213,839 common shares held in escrow pursuant to an escrow agreement dated June 23, 1997.

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 Maranh�o, Brazil.

On behalf of the Board of Directors

LUNA GOLD CORP.

Marcel de Groot - Chairman

Website: www.lunagold.com
For further information contact Investor Relations at (604) 689-7317 or toll free at 1-866-689-7317.

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

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. Luna Gold does not assume the obligation to update any forward-looking statement unless otherwise required by law.

You can also view this News Release on our website at:
http://www.lunagold.com/s/NewsReleases.asp?ReportID=420741
 
 

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Luna Gold Corp

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Luna Gold is a gold exploration company based in Canada.

Luna Gold holds various exploration projects in Brazil.

Its main asset in development is AURIZONA in Brazil and its main exploration properties are AURIZONA and CACHOEIRA in Brazil.

Luna Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 257.4 millions as of today (US$ 189.8 millions, € 170.8 millions).

Its stock quote reached its highest recent level on March 23, 2012 at CA$ 3.30, and its lowest recent point on May 20, 2022 at CA$ 0.03.

Luna Gold has 104 640 000 shares outstanding.

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Financings of Luna Gold Corp
9/30/2011Announces Closing of Private Placement
7/26/2011Announces The Closing of a US $30 Million Senior Secured Cre...
7/21/2011Enters Into Debt Amendment Agreement With Eldorado and Brasc...
10/30/2009Accelerates Expiry Date of Outstanding Share Purchase Warran...
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11/18/2008Closes Private Placement Of C$2.46 Million
3/13/2008Closes Private Placement Of C$4 Million
3/7/2008Announces CAD 4.0 Million Private Placement
Nominations of Luna Gold Corp
3/1/2012Announces Appointment of New Director
7/9/2009Appoints New Director & Engages Up Communications
Financials of Luna Gold Corp
11/13/2012. Announces Results for the Third Quarter of 2012
5/18/2011Reports Operational and Financial Results for the Three Mont...
3/29/2011Reports Operational And Financial Results For The Three Mont...
Project news of Luna Gold Corp
1/9/2013Announces Record Production of Over 74,000 Ounces in 2012
12/8/2011(Aurizona)Announces Major Resource Update at Aurizona
8/10/2011Defines Priority Gold Target at Maranhao Greenfields and Fur...
7/25/2011(Aurizona)Drills 19.00 Meters @ 4.67 g/t Au and 53.00 Meters @ 2.09 g/...
7/5/2011Q2 Production Update
6/6/2011(Aurizona)Drills 48.00 Meters @ 3.29 g/t Au Including 12.00 Meters @ 7...
2/16/2011Intersects 81.50 Meters @ 1.18 G/T Au Including 2.04 Meters ...
2/10/2011(Cachoeira)Files NI 43-101 Technical Report For Initial Resource Estima...
2/9/2011(Aurizona)Announces Commercial Production at Aurizona
5/21/2010(Aurizona)Announces Full Process Commissioning And Commencement Of Gol...
1/13/2010(Aurizona)Provides a Development Update on its Aurizona Gold Project
9/25/2008(Aurizona)Intercepts 15.00m of 4.45 g/t Au and 31.00m of 2.27 g/t Au a...
8/6/2008(Aurizona)Intercepts 30.00 M Of 3.52 g/t Au And 40.00 M Of 2.01 g/t Au...
7/7/2008(Aurizona)Announces Results Of The Feasibility Study For Its Aurizona ...
6/24/2008(Aurizona)Intercepts 57.00 M Of 1.25 g/t Au At Aurizona, Extending Gol...
4/23/2008(Aurizona)Intercepts 73.00 M Of 1.47 G/T Au At Aurizona And Continues...
2/21/2008(Aurizona)Secures Grinding Mills For The Aurizona Gold Project
1/28/2008(Aurizona)Intercepts 33.00 m of 2.46g/t Au from Surface and 5.00 m of ...
1/26/2008(Red Rock)Update On Its Red Rock Project, Cortez Trend, Nevada
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Corporate news of Luna Gold Corp
3/11/2013Announces Completion of Secured Credit Facility
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9/25/2012(Cachoeira)Brazil Resources Inc. Completes Acquisition of the Cachoeira...
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9/20/2012Conditionally Approved to Graduate to the TSX
9/10/2012(Aurizona)Sandstorm Gold Ltd. To Contribute Towards Expanding Producti...
3/2/2012Reports Operational and Financial Results for the Three Mont...
2/24/2012Announces Effective Date Of Share Consolidation
2/14/2012Announces Shareholder Approval of Share Consolidation
1/19/2012(Aurizona)Aurizona Gold Mine Announces Record Gold Production In Q4 An...
12/22/2011Announces Proposed Share Consolidation
11/29/2011(Aurizona)Drills 23.00 Metres @ 4.04 g/t Au Including 6.00 Metres @ 12...
10/13/2011Announces Exercise of Over-Allotment Option
10/7/2011(Aurizona)Aurizona Gold Mine Third Quarter Production Update
9/22/2011Announces Terms of Equity Financings
9/6/2011(Aurizona)Aurizona Gold Mine August Production Update
9/3/2011Announces Equity Financings
8/8/2011Reports Operational and Financial Results for the Three And ...
8/3/2011Announces the Addition of Augusto Baertl as Advisor to Manag...
6/28/2011(Aurizona)Drills 44.00 Meters @ 4.94 g/t Au Including 5.00 Meters @ 30...
5/5/2011Increases Operational and Exploration Strength of Management
4/13/2011Applies for a Secondary Listing on the Lima Stock Exchange a...
3/15/2011(Aurizona)Drills 19.00 m @ 1.45 g/t Au and 2.00 m @ 130.45 g/t Au at A...
6/9/2010Increases Financing To $33,130,000
1/18/2010Completion Of A US$15 Million Project Debt Facility
2/5/2010Named as Part of 2010 TSX Venture 50
10/15/2009Acceptance Of An Offer Of Finance For A US$15 Million Projec...
10/21/2009Launches New Website
10/19/2009Announces Release of Funds and Shares from Escrow
9/30/2009Provides Development Update
7/30/2009Hires Chief Financial Officer
7/27/2009Names Dr. J. David Lowell And Geoff Loudon As Advisors To Th...
7/15/2009Provides Development Update
5/15/2009Enters Into US$17.8 Million Gold Sales Agreement Contract
1/6/2009Renegotiates Aurizon Goldfields Share Purchase Agreement
12/12/2008Renegotiates Earn-In Terms For The Cachoeira Project
12/8/2008Intercepts 21.45 M Of 5.87 G/T Au Including 7.95 M Of 14.96 ...
9/8/2008Intercepts 20.00 M Of 9.04 G/T Au Including 6.00 M Of 27.72 ...
6/26/2008Intercepts 6.00 M Of 12.58 G/T At The CachoeiraGold Project=...
5/21/2008Nominates Dr. Thomas O'Neil For The Board Of Directors
5/15/2008Nominates Mr. Nolan Watson for Board of Directors
3/4/2008 Awards 6,000 Meter Drill Contract and Provides Exploration ...
2/25/2008Awarded Major Landholding In The Aurizona Gold Belt, Brazil
1/16/2008Hires Chief Financial Officer
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