VANCOUVER, May 15 /PRNewswire-FirstCall/ - Luna Gold Corp. (TSXV-LGC)
("Luna" or the "Company") is pleased to announce that Mr. Nolan Watson has
agreed to stand for election as a director at the Company's Annual General
Meeting scheduled for June 18th 2008.

    Tim Searcy, Luna's President comments: "We are pleased to be in a
position to add Mr. Watson to Luna's board of directors. His experience
financing and growing precious metals companies will strengthen the board
at this important time, as Luna moves its Aurizona project towards
development."

    Mr. Watson is the Chief Financial Officer of Silver Wheaton, a TSX and
NYSE listed company, and the largest pure silver company in the world. Mr.
Watson was Silver Wheaton's first full-time employee and has played an
instrumental role in building that company. Mr. Watson has participated in
a number of equity and debt financings, and in the role of Silver Wheaton's
CFO, led the 3rd largest bought deal financing in Canadian history.

    Mr. Watson, a former Valedictorian of the Chartered Accounting Program,
is a Chartered Financial Analyst charterholder and holds a Bachelor of
Commerce Degree, with honours, from the University of British Columbia.
Prior to his role with Silver Wheaton, he worked in the Corporate Finance
department of Deloitte and Touche where he specialized in financial
advisory services, including mergers and acquisitions.

    Director, Gregg Sedun, will not be standing for re-election at Luna's
AGM, but has agreed to join the Company's advisory board and will continue
to provide guidance to the Company. Luna would like to thank Mr. Sedun, a
founder, for his efforts in advancing the Company. The management and
directors of Luna wish Mr. Sedun all the best in his future endeavors.

    About Luna Gold Corp

    Luna is a mining exploration company focused on the acquisition,
exploration, and development of gold resources and advanced stage gold
exploration projects in northeastern Brazil.



    On behalf of the Board of Directors

    LUNA GOLD CORP.
    "Tim Searcy"
    Tim Searcy, P. Geo. - President and CEO

    Website: http://www.lunagold.com


    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this press release.

    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:

    Statements in this release that are 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. 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.
Luna Gold does not assume the obligation to update any forward-looking
statement.

    CONTACT: Investor Relations, (604) 689-7317 or toll free at
1-866-689-7317

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