Lumina Gold Announces 12,000 Meter Infill Drill Program at Cangrejos

VANCOUVER, BC--(Marketwired - March 21, 2017) - Lumina Gold Corp. (TSX VENTURE: LUM) (the "Company") is pleased to announce that it has initiated a 12,000m infill diamond drill program at its 100% owned Cangrejos Gold-Copper Project ("Cangrejos") in the El Oro Province of Southern Ecuador.

The 12,000m program is in addition to the prior 3,540m of drilling completed in 2015. The new drilling will infill a large part of the Inferred mineral resources and is anticipated to upgrade them to the Indicated mineral resources category. Necessary permits for drilling have been obtained and drill pads and access roads have been prepared. The current infill drilling program will consist of 35 holes and will be completed with a Hydrocore 2000 diamond drill rig that has been contracted from Hubbard Drilling, based in Cuenca, Ecuador.

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, SW Ecuador, and its Condor Gold-Copper project is located in Zamora-Chinchipe Province, SE Ecuador. The Company also holds a large and highly prospective land package in Ecuador consisting of 131,161 hectares. The Company has an experienced management team with a successful track record of advancing and monetizing exploration projects. Going forward, 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.

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 new drilling at Cangrejos being anticipated to infill a large part of the Inferred mineral resources and upgrade them to the Indicated mineral resources category, that it will consist of 35 holes, and that it will be completed with a Hydrocore 2000 diamond drill rig. 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" or are "anticipated to" be taken, occur or be achieved.