Lumina Copper Corp LCPRF

Company update

[suscen]

/www.luminacopper.com/i/pdf/2012-05-16_NR.pdf" target="_blank">View News Release in PDF Format

Lumina continues to explore and develop the Taca Taca project. In addition to the comprehensive drill program, the Company is undertaking engineering and metallurgical studies that will form the basis of future Preliminary Economic Assessment and Prefeasibility Studies.

On May 7, 2012, the Company released an updated mineral resource estimate on the Taca Taca project in which contained sulphide copper in the Indicated and Inferred categories increased significantly.

The salient details of the updated National Instrument 43-101 ("NI 43-101") mineral resource estimate are as follows:

Sulphide Resources (0.4% copper equivalent cut-off)

• /www.sedar.com/" target="_blank">www.sedar.com) and Lumina's website (www.luminacopper.com). An updated NI 43-101 technical report detailing the mineral resource estimate will be completed and filed on SEDAR (www.sedar.com) and Lumina's website (www.luminacopper.com) within 45 days of the May 7 announcement.
  
  The Taca Taca copper/gold/molybdenum project is located in the Puna region of north western Argentina in Salta province, approximately 230 kilometres west of the provincial capital of Salta and 120 kilometers east of the world's largest copper mine, Escondida.
  
  Andrew Carstensen, CPG, Vice President, Exploration and the Qualified Person as defined by NI 43-101 for the Taca Taca project has reviewed and approved the contents of this news release as they relate to the ongoing exploration and development program, and the mineral resource estimate, for the Taca Taca project.
  
  LUMINA COPPER CORP
  
  Signed: