Luna Gold Defines 10 Exploration Targets at Aurizona Main

Friday, Sep 03, 2010

Luna Gold Corp.
(TSXV-LGC) ("Luna" or the "Company") is pleased to provide an update on the
exploration programs in progress at Aurizona Main. To date 10 gold targets
have been defined by surface geochemical surveys and geologic mapping. In
addition shallow auger drilling at the Boa Esperança target has intersected
a continuous zone of gold mineralization exceeding 500 metres in strike and
100 metres in width. A plan map showing the distribution of the exploration
targets has been uploaded to the Luna Gold website at www.lunagold.com.

Luna's President & CEO, Jim Bahan, comments, "The results of the surface
programs are very encouraging and indicate that the Aurizona Main area holds
significant exploration potential. All targets defined to date are located
within a 5 kilometers radius of the Aurizona gold process plant.
They will all be advanced to drill stage with the objective of delineating
additional gold resources within trucking distance of the plant."

An auger drill program totaling 1,144 meters in 144 holes was completed at
the Boa Esperança target located 1 kilometer southeast of the Piaba deposit.
Holes were drilled to 8 meters depth with some holes to 10 meters. Auger
assay data have identified a significant continuous sub-cropping mineralized
zone extending for over 500 meters in an ENE direction hosted in a parallel
structure to the principal Aurizona Shear Zone.

Luna's VP Exploration, Titus Haggan states, "Surface exploration programs at
Aurizona Main have accelerated and the Company currently has 5 teams working
in this area. All targets defined to date are spatially associated with
magnetic lineaments consistent with the orogenic gold deposit model of the
Piaba and Tatajuba deposits. Surface geochemical surveys and mapping are
ongoing. Following surface definition, the targets are auger drilled
followed by ground magnetic surveys and trenching programs designed to
identify mineralized structures prior to diamond drilling. The surface
definition of these exploration targets is significant though early stage."

Source: Canada Wire