Luna appoints new President & CEO VANCOUVER, June 30 /PRNewswire-FirstCall/ -- Luna Gold Corp. (TSXV-LGC.U) ("Luna") is pleased to announce that Mr. Tim Searcy has been appointed President and Chief Executive Officer of the Company. Mr. Searcy holds an M.Sc. in Geology and an M.B.A., both from the University of Toronto. Prior to joining Luna, Tim worked in the corporate offices of Placer Dome where he held positions in Treasury, and more recently Corporate Development (M&A). Before obtaining his M.B.A. and joining Placer, Tim worked as an Exploration Geologist in Canada and Asia. As an Exploration Geologist Tim worked with Falconbridge and BHP, as well as a number of junior companies. "Tim's knowledge of the mineral exploration and precious metals industries combined with his business background makes him ideal for executing Luna's strategy", said David De Witt former President and current director. As noted in Luna's press release on May 18th, Mr. Kit Lee has agreed to join the Board of Directors of Luna. Mr. Lee, employed with Placer Dome Inc. from 1970 to 1987, worked as a Senior Geologist in charge of project generation in South East Asia, and has extensive experience in China. In 1987, Kit joined Niugini Mining Ltd. and began a successful tenure as Exploration Manager Asia and Manager Ore Reserves. From 1994 to 2000, Kit was the President of Zen International Resources Ltd., which he founded with a mandate to investigate mining opportunities in China. While with Zen, Kit identified a package of very attractive gold and copper projects in China. Zen obtained full governmental approvals for the first Sino-Foreign Joint Venture for the Zijinshan gold copper project located in the Fujian Province. Luna is also pleased to announce the appointment of Mr. Paul Visosky as Corporate Secretary. Mr. Visosky was educated at the University of Western Ontario in London, Ontario, where he received his M.B.A. and LL.B. in 1982. Paul is a partner with DuMoulin Black, a Vancouver securities law firm, where he practices corporate and securities law. Paul has served as a director and officer of a number of companies listed on the TSX Venture Exchange and is a current member of the Exchange's Local Advisory Committee. Luna has also pursuant to its Stock Option Plan granted to certain eligible participants options to purchase a total of 160,000 common shares at a price of US$0.30 per share, exercisable on or before June 30, 2009. Any securities issued on exercise thereof will be subject to a four month hold period expiring October 31, 2004. After this stock option grant, a total of 1,069,556 options will remain available for exercise pursuant to the Stock Option Plan, which was approved by Shareholders at the Company's last Annual General Meeting held June 28, 2004. About Luna Gold Corp. Luna Gold Corp. is a mineral exploration company engaged in the acquisition, exploration, and development of mineral properties, with a focus on precious metals in China. Luna Gold has a well-qualified team which has extensive experience in China and has experience with start-ups, acquisitions, reorganizations, exploration, development, financing, construction, and mine operations. Our corporate strategy is to acquire prospective gold exploration and development properties and efficiently evaluate each project in order to build a portfolio of high quality assets. Our goal is to maximize shareholder value by rigorously following our strategy. For further information contact: Tim Searcy, (604) 687-9931 (extension 225) On behalf of the Board of Directors LUNA GOLD CORP. "David De Witt" David E De Witt - Director Website: http://www.lunagold.com/ For further information contact Investor Relations (604) 689-7317 The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents herein. DATASOURCE: Luna Gold Corp. CONTACT: Tim Searcy, (604) 687-9931 (extension 225); Investor Relations: (604) 689-7317

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