ActionCapitalGp

Luna Gold intercepts 33.00 m of 14.54 g/t Au at the Aurizona gold project, Brazil

VANCOUVER, March 19 - Luna Gold Corp. (TSXV-LGC) ("Luna" or the "Company") is pleased to announce new assay results from Tatajuba, the main satellite deposit at Aurizona. Complete assay results have been received for a further eleven holes (1,326 metres), ten of which are strongly mineralized.

Luna's CEO, Tim Searcy, comments, "We are very pleased with the drilling results from Tatajuba. The consistency of the mineralization combined with intercepts of higher grade material confirms our view that the gold potential of the Aurizona region has been underestimated in the past. As we aggressively push the Piaba deposit towards development, we will continue exploring at Piaba, Tatajuba, and the other satellite deposits on the project, as well as the 47,000 ha of prospective ground that we have recently been awarded in the region."

To view assays for the full length of each hole please go to Luna Gold Corp. - Home Page - Wed Mar 19, 2008.
o view location of Tatajuba relative to Piaba please click on: http://www.lunagold.com/i/maps/AUR_R...ets_220208.pdf

TATAJUBA
Tatajuba is the principal satellite deposit within the Aurizona Main gold camp and is located 1.8 km west from the Piaba deposit along the same structural lineament. Drill holes BRAZD-241 to 251 were drilled on 50 m spaced sections in the central and eastern portions of the Tatajuba deposit to extend both the oxide and fresh rock gold mineralization.

Luna's Exploration Manager, Titus Haggan states, "The new drill results have exceeded our expectations for Tatajuba, which was previously considered to be a narrow discontinuous deposit. The Luna drilling has defined a continuous, sub-vertical to north-dipping, mineralized zone of over 550 m strike extent which remains open along strike and at depth. Gold grades are very consistent within the mineralized zone which attains very high grades in the eastern area, as demonstrated by BRAZD-250. All assay data have now been received for Tatajuba and work will now commence on a preliminary resource estimate."

From west to east BRAZD-241 intersected 17.00 m @ 2.06 g/t Au in oxide on Section 2150W. BRAZD-242 intersected 12.00 m @ 4.06 g/t Au from 27.00 m core
depth. BRAZD-243 intersected two wide zones of near surface oxide mineralization. Drill holes BRAZD-244 and 245 intersected zones of fresh rock mineralization which significantly extend the previously known depth of mineralization at Tatajuba. BRAZD-246 and 247 were drilled as step-up and step-back holes from historic drill hole BRAZD-167 (16.15 m @ 1.73 g/t Au) on Section 1950W and both holes hit the main mineralized zone with BRAZD-246 intersecting 48.00 m at 1.15 g/t Au from 2.00 m core depth. BRAZD-248 intersected 26.40 m @ 1.15 g/t Au 50 m east on Section 1900W.

BRAZD-250 and 251 were drilled as step-up and step-back holes from historic drill hole BRAZD-114 (53.34 @ 2.82 g/t Au) on Section 1800W in the east margin. Step-up hole BRAZD-250 intersected a wide zone of bonanza-grade gold mineralization of 33.00 m @ 14.54 g/t Au in oxide from 23.00 m core depth including 9.00 m @ 30.80 g/t Au and 2.63 m @ 59.66 g/t Au. Step-back hole BRAZD-251 intersected 34.00 m @ 1.43 g/t Au in fresh rock from 94.00 m, intersected several narrow mineralized zones and ended in mineralization at 161.10 m. These results define a steeply, north-dipping, mineralized zone which widens at depth.

Drilling is ongoing at the Aurizona project and will continue for the foreseeable future. Currently, one rig is drilling fence holes into the deeper portions of the Piaba deposit. Upon completion of that program, a rig will be mobilized back to Tatajuba to continue the expansion drill program there.

About Luna Gold Corp
Luna is a mining exploration company focused on the acquisition, exploration, and development of gold resources and advanced stage gold exploration projects in northeastern Brazil.

On behalf of the Board of Directors
LUNA GOLD CORP.
Tim Searcy, P. Geo. - President and CEO

Website: Luna Gold Corp. - Home Page - Wed Mar 19, 2008

Regulatory Footnotes
Luna operates a rigorous QA/QC protocol on all aspects of sampling and analytical procedure. Drill core is checked, logged, marked for sampling and sawn in half. One half of the HTW (71 mm diameter) core is maintained for future reference and one half of the core is sent for analysis. Samples are collected in approximately 1 meter intervals or less when a mineralized zone is encountered. All core and samples are stored in secure locked areas. Samples are transported from the Aurizona project to the ALS Chemex sample preparation facility in Belo Horizonte, Minas Gerais accompanied by Luna personnel. Samples are assayed at ALS Chemex Labs in Lima, Peru using a 30 gram fire assay with AAS finish. Each sample batch contains 10% of randomly inserted internal control samples consisting of certified analytical standards, blanks (barren rock) and duplicates. These QA/QC procedures provide several measures of data quality and assure the Company that the assay data is representative of the original sample.

Titus Haggan Ph.D., EurGeol Certified Professional Geologist No.746, Luna's Brazil Exploration Manager is the Qualified Person as defined under National Instrument 43-101 responsible for the scientific and technical work on the exploration program and has reviewed the technical disclosure in this press release.

For further information: Investor Relations at (604) 689-7317 or toll free at 1-866-689-7317

__________________
Information brought to you courtesy of ActionCapitalGroupe.com
Sebastien Durand La Centrale Small Caps en Francais Action Capital Groupe