LCC

Lumina Copper Corp. (TSX VENTURE: LCC) ("Lumina Copper") is pleased to announce that the final conditions to Lumina Copper's arrangement with Lumina Royalty Corp. ("Lumina Royalty") have been met. Accordingly, pursuant to the arrangement, the owners of common shares of Lumina Copper as of 11:59 p.m. (Vancouver time) on Thursday, June 16, 2011 will receive one common share of Lumina Royalty for every common share of Lumina Copper that they own. Any purchaser of Lumina Copper common shares after the effective time of the arrangement will not participate in the arrangement and will not receive a Lumina Royalty common share.

Further details of the arrangement are available in Lumina Copper's management information circular which was mailed to shareholders on May 10, 2011 and which is available on SEDAR.

LUMINA COPPER CORP.

David Strang, President & CEO

CAUTION REGARDING FORWARD-LOOKING STATEMENTS: This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the completion of a reorganization of the Company and the transfer of certain of the Company's passive assets to a company to be incorporated, the future price of gold, silver, copper and molybdenum, and the Company's commitment to, and plans for developing any of its projects. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "can", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the risks of the Company not obtaining the required approvals to proceed with the proposed reorganization, tax consequences of the proposed reorganization, risks related to the exploration and potential development of the Company's projects, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, silver, copper and molybdenum, as well as those factors discussed in the sections relating to risk factors of our business filed in the Company's required securities filings on SEDAR. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended.

There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Lumina Copper Corp. David Strang President & CEO + 604 646 1880 + 604 687 7041 (FAX) dstrang@luminacopper.com www.luminacopper.com