Mr. Marshall Koval reports

LUMINA GOLD ANNOUNCES ISSUANCE OF ANNUAL EQUITY INCENTIVE GRANT

Lumina Gold Corp. has granted incentive stock options and restricted share units under the company's omnibus equity incentive plan to certain directors, officers, employees and consultants of the company. It has granted 5,635,000 stock options that have an exercise price of 33 cents per share and will expire on Dec. 18, 2028. Options for 5.51 million shares will vest in three equal parts over the first two years after grant and options for 125,000 shares will vest in four equal parts over the first two years after grant. It has granted 3.5 million RSUs that will vest in equal parts over three years.

Additionally, the company has renewed its agreement with First Globe Capital International Inc. that was announced on Dec. 30, 2016, for an additional 12 months. First Globe is based out of Vancouver, B.C., and is owned by Anish Sunderji. First Globe provides marketing and advisory services to its clients. The company has compensated First Globe for its services by granting the First Globe options described above. In addition, the company has also agreed to reimburse First Globe for its reasonable incidental expenses incurred in providing the investor relation services to the company. First Globe does not otherwise have any relationship with or hold any securities of the company, except for previously granted stock options.

About Lumina Gold Corp.

Lumina (TSX Venture Exchange: LUM), based in Vancouver, Canada, is a precious and base metal exploration and development company focused on the Cangrejos gold-copper project located in El Oro province, southwestern Ecuador. In 2023, the company completed a prefeasibility study for Cangrejos, which is the largest primary gold deposit in Ecuador. Lumina has an experienced management team with a successful record of advancing and monetizing exploration projects.