Mr. Marshall Koval reports

LUMINA GOLD ANNOUNCES CANGREJOS DRILL RESULTS; INCLUDING 1.13 G/T AU AND 0.17% CU OVER 346 METRES

Lumina Gold Corp. has released additional drill results from the Cangrejos infill, stepout and depth extension program. These three holes (C18-90 to C18-92) represent the most recent results from the 2018 drill program, which has totalled approximately 8,800 metres over 22 holes. The company is continuing to drill at the property and has just completed hole C18-94.

Drill result highlights:

• Hole C18-90 -- 1.13 grams per tonne gold and 0.17 per cent copper over 346 metres;
• • Including 2.50 grams per tonne gold and 0.4 per cent copper over 32 metres;
• Hole C18-91 -- 0.86 gram per tonne gold and 0.09 per cent copper over 126 metres;
• Hole C18-92 -- 0.42 gram per tonne gold and 0.12 per cent copper over 130 metres.

Hole C18-90 was a vertical hole that stepped out approximately 50 metres from the edge of the 2017 deep discovery zone. The drill hole cut one of the longest zones of continuous mineralization ever drilled at Cangrejos, 346 metres averaging 1.13 grams per tonne gold and 0.17 per cent copper. The closest hole in that zone is the previously released C17-58 that cut 126 metres grading 3.64 grams per tonne gold and 0.54 per cent copper from 292 metres within a broader interval of 305 metres averaging 1.90 grams per tonne gold and 0.3 per cent copper from 286 metres.

Hole C18-91 successfully tested the northeasterly continuity of the mineralization within the central-northeast quadrant of the resource and cut multiple intercepts from 46 metres to 364 metres, as detailed in the attached table.

Hole C18-92 was added to the drill program after hole C18-78 intercepted 90 metres averaging 1.27 grams per tonne gold and 0.11 per cent from surface. The drill hole was inclined to the southeast in order to extend the known mineralization in this direction. C18-92 cut two intervals between 106 metres and 270 metres, as detailed in the attached table. Holes C18-93 and C18-94 were subsequently drilled as further northeasterly stepout holes to C18-92, which advanced the drilling into an unexplored area of the deposit. The results from these two holes are pending.

                      SUMMARY DRILL RESULTS
  
Hole No.          From      To     Interval    Au grade    Cu grade    
                    (m)     (m)          (m)       (g/t)         (%) 
            
C18-90              70      96           26        0.59        0.05    
And                208      22          416        0.35        0.02                      
And                248      28          234        0.44        0.05                      
And                296     642          346        1.13        0.17                      
Including          386     418           32        2.50        0.40 
C18-91              46      64           18        0.61        0.10     
And                100     226          126        0.86        0.09                      
Including          172     210           38        2.06        0.16                      
And                328     364           36        0.38        0.08  
C18-92             106     126           20        0.42        0.14    
And                140     270          130        0.42        0.12 

Note: Intervals in the reported holes are calculated using a 
cut-off of 0.2 gram per tonne gold with maximum internal 
dilution of 10 continuous metres. The highest gold value used 
in the reported weighted averages is 6.77 grams per tonne gold.
Above-cut-off intervals of less than 15 metres are not reported. 
In addition to the results in the table, there were multiple 
intercepts of lower-grade material in the drill holes.

Quality assurance

All Lumina sample assay results have been independently monitored through a quality assurance/quality control program, including the insertion of blind standards, blanks and pulp and reject duplicate samples. Logging and sampling are completed at Lumina's secure facility located at the Cangrejos project. Drill core is sawn in half on site, and half-drill-core samples are securely transported to ALS Labs' sample preparation facility in Quito, Ecuador. Sample pulps are sent to Lima, Peru, for analysis. Gold content is determined by fire assay of a 30-gram charge with total copper content determined by four-acid digestion with ICP finish. ALS Labs is independent from Lumina.

Lumina is not aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to herein.

Qualified person

Leo Hathaway, PGeo, senior vice-president of Lumina and the qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, for the Cangrejos project, has reviewed, verified and approved the contents of this news release.

About Lumina Gold Corp.

Lumina Gold is a precious metal and base metal exploration and development company based in Vancouver, Canada, focused on the Cangrejos gold-copper project located in El Oro province, southwest Ecuador.