Luna Gold-Aurizona Gold Mine Announces Record Gold Production in Q4 and Full Year 2011

Luna Gold Corp. (TSX VENTURE:LGC)(LMA:LGC) ("Luna" or the "Company") is pleased
to announce its gold production update for the Aurizona Gold Mine for the
quarter ending December 2011 and for the full year 2011.


Aurizona Gold mine produced a quarterly record in Q4 of 13,620 ounces,
completing the year 2011 with a gold production of 41,898 ounces in Luna's first
full year of production. 


Luna's President & CEO, John Blake, comments, "Luna Gold is pleased with gold
production. The company continues to demonstrate consistent productive capacity
at Aurizona with Q3 and Q4 achieving Feasibility Study levels of gold
production."




Table of Production for 2011                                                
----------------------------------------------------------------------------
                                Q1        Q2        Q3        Q4  Total 2011
----------------------------------------------------------------------------
Processed ore - tonnes     293,393   210,558   416,822   389,476   1,310,249
----------------------------------------------------------------------------
Average grade processed       1.19      1.27      1.28      1.38        1.29
 - g/t                                                                      
----------------------------------------------------------------------------
Average recovery rate %         83        65        83        79          77
----------------------------------------------------------------------------
Gold produced (ounces)       9,209     5,595    13,473    13,620      41,898
----------------------------------------------------------------------------

--  Note - These production statistics are unaudited and may be subject to
    change. 



Luna Gold will provide a more detailed analysis in the fourth quarter Management
Discussion and Analysis which will be released prior to March 31, 2012. The
Company's target production for 2012 is 60,000 ounces of gold from our Aurizona
Gold Mine. This production will be achieved with sustainable levels of mined and
processed ore tonnes and improvements in Gold recoveries.


About Luna Gold Corp. 

Luna is a gold production and exploration company engaged in the operation,
exploration and development of gold deposits and advanced stage gold exploration
projects in Brazil. 


On behalf of the Board of Directors

LUNA GOLD CORP. 

John Blake - President and CEO

Regulatory Footnotes 

This news release does not constitute an offer to sell or a solicitation of an
offer to sell any of the securities in the United States. The securities have
not been and will not be registered under the United States Securities Act of
1933, as amended or any state securities laws and may not be offered or sold
within the United States or to U.S. persons unless registered under the United
States Securities Act of 1933 and applicable state securities laws or an
exemption from such registration is available.


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 future gold production and/or the results of analysis on gold
proeduction. 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 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, 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.
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