Luna Gold Corp. (TSXV-LGC/BVL-LGC) (Luna Gold or the Company) announces shareholder approval of its proposed five (5) for one (1) consolidation of the Company's common shares (the Consolidation). The shareholders of the Company voted in favour of the Consolidation at the shareholder's meeting held today.

Subject to regulatory approval, the Company anticipates to complete the Consolidation on or around February 24, 2012. A detailed press release will be issued with respect to the Consolidation upon its completion.

About Luna Gold Corp.Luna Gold is actively engaged in the operation, exploration, acquisition and development of gold opportunities in Brazil. The Company currently has a gold mining operation, Aurizona Gold Mine in Maranhão, Brazil, a gold development project, the Cachoeira project in Para, Brazil and the Company is exploring in a large strategically placed greenfields land position in Maranhão, Brazil.

On behalf of the Board of Directors

LUNA GOLD CORP.

John Blake - President and CEO

Website: www.lunagold.comFor further information contact Investor Relations at (604) 558 0560

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.