Luna Gold nominates Mr. Nolan Watson for board of directors

VANCOUVER, May. 15 /PRNewswire/ --

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: 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.

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