Mr. Marshall Koval reports

LUMINA GOLD COMMENCES FEASIBILITY STUDY FIELDWORK

Lumina Gold Corp. has recommenced drilling at its Cangrejos gold-copper project in southwest Ecuador. The Company has initiated the approximately 8,000 metre geotechnical drill program at both the Cangrejos and Gran Bestia deposits. The infill resource definition program will commence in September and will include approximately 10,000 metres of drilling. The goal of the program is to convert Probable mineral reserves to Proven mineral reserves for Phase 1 of mining at the Cangrejos deposit. Lumina intends to fund the Feasibility Study work and drilling from the proceeds received from Wheaton Precious Metals (see May 26, 2023 and May 16, 2023 news releases).

Lumina plans to ramp up to twelve drill rigs on site to complete the geotechnical and resource definition program, which it expects to complete in Q1 2024. Drilling will also produce fresh material for the next round of metallurgical test work to support the Feasibility Study.

About Lumina Gold

Lumina Gold Corp. (TSXV: LUM) is a Vancouver, Canada based precious and base metals exploration and development company focused on the Cangrejos Gold-Copper Project located in El Oro Province, southwest Ecuador. In 2023, the Company completed a Pre-Feasibility Study for Cangrejos, which is the largest primary gold deposit in Ecuador. Lumina has an experienced management team with a successful track record of advancing and monetizing exploration projects.

We seek Safe Harbor.