Luna Gold Announces Voting Results From Annual Meeting

VANCOUVER, BC--(Marketwired - June 29, 2016) - Luna Gold Corp. (TSX: LGC) ("Luna" or the "Company") today announced the results for its Annual Meeting of Shareholders (the "Meeting" or the "AGM") held yesterday in Vancouver, BC, Canada.

Annual Meeting

A total of 223,366,182 common shares of the 289,206,727 shares outstanding were voted at the Meeting, representing approximately 77.23% of the issued and outstanding common shares of the Company. At the Meeting the nominees listed in the Company's management proxy circular were re-elected as directors:

Shareholders also approved the appointment of KPMG LLP as auditor of the Company for the coming year.

About Luna Gold Corp.

Luna is a Canadian-based, former gold producing company engaged in the exploration and redevelopment of its 100%-owned Aurizona Gold Mine in Northern Brazil which was placed on care and maintenance in late 2015. With the feasibility study now complete, the Company's focus will be on project financing and securing the permits required for the planned Aurizona Mine restart. Additional information on Luna can be found at www.lunagold.com or www.sedar.com.

On behalf of the Company

LUNA GOLD CORP.

Marc Leduc P.Eng. -- President, Chief Executive Officer and Director

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 the successful completion of the Pacific Road Financing, the Concurrent Equity Financing, the Restructuring or any transaction or transactions similar in nature, regulatory approvals of any such transactions, the continued forbearance of the Company's senior leaders, the Company's ability to continue as a going concern, future or continued mining operations, expected gold production and/or the results of analysis on gold production, the Company's ability to remedy any defaults and the Company's compliance with its debt and other financing agreements. 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 a suspension and potential restart of operations, the effect of the Company's non-compliance with certain covenants in its debt and other financing agreements, inherent risks related to forbearance and the Company's default, any creditor remedies taken by the Company's creditors, 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, uncertainties with respect to non-compliance with credit facility covenants 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.