Luna Gold Announces Board of Directors Change and Strengthens Management

Luna Gold Corp. (TSX VENTURE:LGC)(OTCQX:LGCUF)(LMA:LGC) ("Luna" or the
"Company") announces changes to the Board of Directors and strengthening the
management team.


BOARD OF DIRECTOR CHANGES

At the annual general meeting of shareholders on June 22, 2012, shareholders
re-elected six directors to the Board of Directors. Mr. Marcel de Groot,
Chairman of the Board, decided not to stand for election as a director so he
could devote more time on other growing businesses he is associated with.
Consequently at a Board of Directors meeting following the AGM, the Board
unanimously elected Mr. Keith Hulley as Chairman of the Board of Directors.


Mr. Hulley is the current Chairman of the Board of Directors of Gabriel
Resources and is the former Interim CEO of Gabriel Resources. Previously, Mr.
Hulley served seven years as President, CEO and Executive Chairman of Apex
Silver Mines before retiring in 2004. Mr. Hulley has more than 40 years'
experience in the mining business which includes Board and senior executive
experience at Western Mining Holdings Ltd. and USMX Inc.


"As a Director and Chairman, Mr. Marcel de Groot has made an invaluable
contribution to the establishment and growth of Luna Gold Corp. since its
inception, his loyalty and dedication has placed Luna Gold on a strong platform
for further growth, on behalf of shareholders and the Board of Luna Gold I thank
Mr. de Groot for his contribution and wish him well in his business pursuits. We
are very fortunate to have Mr. Keith Hulley as Chairman of the Board of
Directors to lead Luna Gold into the next growth phase of our development. His
valuable leadership experience will strengthen the Board as Luna Gold continues
to expand our production and development in the coming years," commented John
Blake, President and CEO.


LUNA GOLD STRENGTHENS MANAGEMENT TEAM

The Company is pleased to announce that Mark Halpin has joined Luna Gold as Vice
President Corporate Development. Mr. Halpin is responsible for growing Luna Gold
through identifying growth opportunities, managing investor relations,
developing the investor base and ensuring Luna is effectively and efficiently
capitalized to maximize shareholder value. Prior to joining Luna Gold, Mark was
a Director in WestLB AG, New York Metals and Mining Financing team where he
focused on project and corporate financings, and advisory in the Mining and
Energy sectors throughout the Americas. Mark's banking experience began in
Sydney, Australia where he worked for Westpac Banking Corporation and then
WestLB AG. His banking experience spans across project finance lending and
advisory, M&A advisory, corporate lending and distressed debt. Prior to banking
Mark worked at KPMG where he advised Mining and Energy clients on improving
project operational and financial efficiencies throughout the Australia Pacific
region. He holds a Master of Economics from the University of Sydney, a Bachelor
of Applied Finance and a Bachelor of Commerce from Macquarie University, Sydney.


"Mark adds a valuable asset to the already strong Luna Gold management team, his
complimentary skills and experience provide additional leverage for Luna Gold to
realise greater shareholder value in the solid resources our Company is
expanding in Brazil," said John Bake, President and CEO of Luna Gold Corp.


LUNA GOLD ISSUES STOCK OPTIONS 

Luna announces that its Board of Directors has approved the issuance of an
aggregate of 470,000 stock options. The options have a three and five year term
and were issued after market close on June 22, 2012, with an exercise price of
$2.10 based on that day's closing price. The stock options were granted pursuant
to Luna's Stock Option Plan and were issued to directors, officers, employees
and consultants of the Company.


About Luna Gold Corp.

Luna Gold is actively engaged in the operation, exploration, acquisition and
development of gold opportunities in Brazil. The Company currently has a gold
mining operation, Aurizona Gold Mine in Maranhao, Brazil, a gold development
project, the Cachoeira project in Para, Brazil and the Company is exploring in a
large strategically placed greenfields land position in Maranhao, Brazil.


On behalf of the Board of Directors

LUNA GOLD CORP. 

John Blake - President and CEO

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

This release contains certain "forward looking statements" and certain "forward
looking information" as defined under applicable Canadian and U.S. securities
laws. Forward-looking statements can generally be identified by the use of
forward-looking terminology such as "may", "will", "expect", "intend",
"estimate", "anticipate", "believe", "continue", "plans" or similar terminology.
Forward-looking statements include, but are not limited to, statements with
respect to future gold production and/or the results of analysis on gold
production. Forward-looking statements are based on forecasts of future results,
estimates of amounts not yet determinable and assumptions that while believed by
management to be reasonable, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. 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. These factors include the inherent risks involved in the
exploration and development of mineral properties, the uncertainties involved in
interpreting drill results and other exploration data, the potential for delays
in exploration or development activities, the geology, grade and continuity of
mineral deposits, the possibility that future exploration, development or mining
results will not be consistent with the Company's expectations, accidents,
equipment breakdowns, title matters, labor disputes or other unanticipated
difficulties with or interruptions in production and operations, fluctuating
metal prices, unanticipated costs and expenses, uncertainties relating to the
availability and costs of financing needed in the future, the inherent
uncertainty of production and cost estimates and the potential for unexpected
costs and expenses, commodity price fluctuations, currency fluctuations,
regulatory restrictions, including environmental regulatory restrictions and
liability, competition, loss of key employees, and other related risks and
uncertainties. The Company undertakes no obligation to update forward-looking
information except as required by applicable law. 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. Accordingly, readers are advised not to place undue
reliance on forward-looking statements or information.