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Luna Gold intercepts 73.00 m of 1.47 g/t Au at Aurizona and continues to extend gold mineralization at depth

VANCOUVER, April 22 - Luna Gold Corp. (TSXV-LGC) ("Luna" or the "Company") is pleased to announce new assay results from the Company's ongoing drill program at Piaba, the main gold deposit at its wholly owned gold project, Aurizona. Significant mineralized intercepts are highlighted below.

- 20.24 meters @ 2.30 g/t Au including 5.24 meters @ 4.25 g/t Au
in hole BRAZD-252
- 73.00 meters @ 1.47 g/t Au in hole BRAZD-253
- 39.00 meters @ 1.56 g/t Au in hole BRAZD-255

Luna's CEO, Tim Searcy, comments, "This latest round of drilling at Piaba has focused primarily on extending the mineralization at depth. The first four holes, reported here, extend the mineralization at depth; however, the deepest of these mineralized intercepts are less than 150 m in the vertical. Therefore, there is still significant depth potential at Piaba that remains to be tested."

Complete assay results have been received for a further 4 holes totaling 795 metres drilled in the east central portion of the Piaba deposit. None of the results from this round of drilling have been included in the upcoming resource estimate, due out in mid May. All the drill holes intersected gold mineralization. Significant mineralized intercepts are tabulated below.

HOLE ID AZI DIP DEPTH (m) FROM (m) TO (m) INT (m) Au (g/t)
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BRAZD-252 168 50 224.65 69.00 75.00 6.00 2.15
113.00 117.00 4.00 2.29
121.76 142.00 20.24 2.30
including 121.76 127.00 5.24 4.25

BRAZD-253 168 55 236.80 81.00 154.00 73.00 1.47
166.00 175.00 9.00 1.50

BRAZD-254 168 50 204.70 113.00 139.69 26.69 1.39
including 138.00 139.69 1.69 8.28

BRAZD-255 168 50 128.85 23.00 62.00 39.00 1.56
including 50.00 57.00 7.00 3.17
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Table 1. Mineralized intercepts from the Piaba deposit. Width in the
table represents core width of the intersections, and does not
represent the true width.

Luna's Exploration Manager, Titus Haggan states, "The Piaba drill program continues to intersect gold mineralization at depth. The gold is hosted in a highly altered volcanic sequence cut by quartz veins located within the major Aurizona structure, which also hosts the Tatajuba satellite deposit. The drill holes reported here are the first holes from the new Piaba deep drill program and the results demonstrate that the deposit remains open at depth."

Three of the drill holes were sited to test the vertical continuity to the fresh rock mineralization at Piaba. All these holes extended gold mineralization at depth. Drill hole BRAZD-252 intersected several zones of gold mineralization including 6.00 m @ 2.15 g/t in oxide and two zones of fresh rock mineralization, the best of which returned 20.24 m @ 2.30 g/t Au. BRAZD-253 intersected 73.00 meters @ 1.47 g/t Au from 81.00 meters depth and considerably extends the deposit at depth in this area. BRAZD-254 intersected 26.69 meters @ 1.39 g/t Au and also extends the depth of mineralization. BRAZD-255 was an infill hole on section 375W required for mine planning and intersected 39.00 meters @ 1.56 g/t Au.

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 - Tue Apr 22, 2008

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 Belo Horizonte 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

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