LGC Lavras Gold Corp

Luna Gold Corp. (TSX VENTURE:LGC)(LMA:LGC) ("Luna Gold" or the "Company")
announces today a proposed consolidation (the "Share Consolidation") of its
share capital on the basis of up to five (5) existing common shares for one (1)
new common share. Currently, a total of 522,550,895 common shares in the capital
of the Company are issued and outstanding. Accordingly, if put into effect on
the basis of five (5) existing common shares for one (1) new common share, a
total of 104,510,179 common shares in the capital of the Company would be issued
and outstanding following the Share Consolidation, assuming no other change in
the issued capital.


The Share Consolidation will affect all of the Company's stock options and
warrants issued and outstanding at the effective date. At the time of the Share
Consolidation, the number, exchange basis or exercise price of all stock options
and warrants issued and outstanding will be adjusted to reflect the one-for-five
Share Consolidation. The actual adjustment will be made by the Company in
consultation with its advisors.


The Board of Directors of the Company will ask the shareholders of the Company
to approve the Share Consolidation at a Special Meeting of shareholders to be
held on Tuesday, February 14, 2012. The Share Consolidation is subject to
shareholder approval and acceptance of the TSX Venture Exchange.


About Luna Gold Corp.

Luna Gold is a producing gold company with development and exploration projects.
Gold production is from the Aurizona Mine in Maranhao, Brazil, and development
is focused on the Cachoeira deposit in Para, Brazil. The Company is exploring
Maranhao Greenfields, a large strategically placed land position in Maranhao,
Brazil.


On behalf of the Board of Directors

LUNA GOLD CORP.

John Blake - President and CEO

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