VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 20, 2012) - Luna Gold Corp. (News - Market indicators)(OTCQX:LGCUF)(LMA:LGC) ("Luna" or the "Company") is pleased to announce that it has received conditional approval to list the Company's common shares on the Toronto Stock Exchange (the "TSX"). The listing remains subject to certain conditions. These conditions include, without limitation, final approval from the TSX.

The Company anticipates that the graduation will take place in October of 2012, and will provide an update on timing as it finalizes these details.

John Blake, Luna's President and CEO, stated, "We are proud to announce our anticipated graduation to the TSX, the premier stock exchange for mining companies. A listing on the main board will increase our visibility to investors around the globe. I would like to thank both the Luna team and all those involved in our development for their hard work and support. This achievement is a result of their dedication."

Following graduation to the TSX, Luna's common shares will continue to trade under the stock symbol "LGC". The currently listed warrants of the Company will continue to trade on the TSX under the symbol "LGC.WT".

Stock Options

Luna also announces that it has granted 200,000 stock options to its new independent director, Dr. Bill Lindqvist.

About Luna Gold Corp.

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

On behalf of the Board of Directors,

LUNA GOLD CORP.

John Blake, President and CEO