Luna Gold announces the completion of a US$15 million project debt facility

	    VANCOUVER, Jan. 18 /CNW/ - Luna Gold Corp. (TSXV-LGC) ("Luna" or the
"Company") is pleased to announce that it has completed the two-tranche,
senior secured, project debt facility (the "Facility") in the amount of up to
US$15 million with RMB Resources Inc, the offer of which was previously
announced on October 15, 2009.
	    Tranche 1 is in the amount of US$7.5 million and is available for the
completion of the Aurizona project. Tranche 2 is in the amount of a further
US$7.5 million and is available for working capital purposes while the
operation ramps up to full production capacity and steady earnings inflow.
Both tranches of the Facility will bear interest at LIBOR plus 7.5% and are to
be fully repaid by December 31, 2012.
	    On the development side, Luna is pleased to confirm that the 69kV line
for the Aurizona project has been approved for construction by CEMAR, the
state power utility.
	    Luna's CEO, Jim Bahan, comments, "The completion of this Facility is
timely given the current improvement in the US$ to Real exchange rate. Further
to our release of January 12th, I am pleased also to confirm that the 69 kV
line for the project has been approved for construction by CEMAR, the state
power utility, and that the stand-by generators, which will be used to
commission the process plant, have arrived at the port of Itaqui, Maranhao."

	    About Luna Gold Corp.

	    Luna is a mineral exploration and development company engaged in the
acquisition, exploration, and development of gold resources and advanced stage
gold exploration projects in Brazil. The Company is currently developing its
Aurizona gold project in Maranhao, Brazil.

	    On behalf of the Board of Directors

	    LUNA GOLD CORP.

	    Jim Bahan - CEO

	    Website: www.lunagold.com

	    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 release.






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