Vancouver, British Columbia — June 16, 2015 Luna Gold Corp. (TSX-LGC, LMA-LGC, OTCQX-LGCUF, “Luna” or the “Company”) is pleased to announce that the Company has received a waiver from Sandstorm Gold Ltd. (“Sandstorm”) from the condition that the Company raise C$20 million in equity (the “Equity Raise”) in connection with the restructuring (the “Restructuring”) of Sandstorm’s existing gold stream and debt facility. Concurrent with the Restructuring, the Company expects to raise the previously announced C$20 million in debt and C$12.5 million in equity financing including C$10 million from affiliates of Pacific Road Resources Funds (“Pacific Road”) (the “Proposed Financing”).

The Proposed Financing and Restructuring are subject to a number of conditions. The Company anticipates completion of the Proposed Financing and the Restructuring on or around June 30, 2015. The Company may complete the remainder of the Equity Raise through an additional private placement of equity on the same terms as the Pacific Road subscription after closing of the Proposed Financing and Restructuring.

As previously announced, the Company intends to use the proceeds from the Proposed Financing to: (i) repay its existing debt facility with Société Générale (Canada Branch) and Mizuho Corporate Bank (the “Senior Lenders”); (ii) commence an infill drilling program, prepare engineering studies and submit updated permits at Aurizona; and (iii) for general working capital and corporate purposes.

If the Proposed Financing and Restructuring are not completed, the Senior Lenders will be in a position to accelerate Luna’s senior debt due to previously announced covenant breaches and commence enforcement proceedings against the Company and its assets. The Company cannot give any assurance that the Senior Lenders will continue to forbear from taking such actions if the Proposed Financing and Restructuring fail to complete.

Any securities issued in the transactions described in this press release will be subject to a four month hold period which will expire four months plus one day from the closing date.

About Luna Gold Corp.
Luna is a gold production and exploration company engaged in the operation, discovery, and development of gold projects in Brazil.
On behalf of the Company

LUNA GOLD CORP.
Marc Leduc P.Eng.– President, Chief Executive Officer and Director
Website: www.lunagold.com

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 the successful completion of the Proposed Financing, the Restructuring or any transaction etc.etc..