Lumina Gold Upsizes Previously Announced Private Placement to C$20 Million - Seite 2

The Company understands certain related parties as defined in Multilateral Instrument 61-101 ("MI 61-101") may participate in the Upsized Offering. Any such resulting related party transaction will be exempt from the formal valuation requirement and shareholder approval requirement of MI 61-101, as will be described in the material change report to be filed by the Company in connection with this Upsized Offering, if required.

About Lumina Gold

Lumina Gold Corp. (TSX VENTURE:LUM) is a Vancouver, Canada based precious and base metals exploration and development company focused on gold and copper projects in Ecuador. The Company's Cangrejos Gold-Copper project is located in El Oro Province, southwest Ecuador, and its Condor Gold-Copper project is located in Zamora-Chinchipe Province, southeast Ecuador. The Company also recently announced a letter of intent with First Quantum Minerals Ltd. for an earn-in agreement on its Orquideas and Cascas concessions. The Company holds a large and highly prospective land package in Ecuador consisting of 135 thousand hectares. The Company has an experienced management team with a successful track record of advancing and monetizing exploration projects. The Company intends to continue to identify, acquire and advance mineral exploration properties that have large scale potential.

Further details are available on the Company's website at https://luminagold.com/.

LUMINA GOLD CORP.

Signed: "Marshall Koval"

Marshall Koval, President & CEO, Director

Neither the 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 news release

Cautionary Note Regarding Forward-Looking Information

Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to: the size of the Upsized Offering, the expected participation of insiders in the Upsized Offering, the anticipated Closing Date and the receipt of regulatory approvals for the Upsized Offering . Often, but not always, forward-looking statements or information can be identified by the use of words such as "will" or variations of that word and phrases or statements that certain actions, events or results "will", "could" or are "intended to" be taken, occur or be achieved.