Lumina Gold Corp. (TSXV:LUM) is pleased to announce that it has closed the previously announced non-brokered private placement (please refer to the Company’s July 13, 2018 press release). A total of 9,730,000 common shares were sold at a price of C$0.72 per Common Share for aggregate gross proceeds of approximately C$7 million.

The net proceeds of the Offering will be used to fund working capital for the previously announced spin-out of Luminex Resources Corp. and for general corporate purposes. More details regarding the Spin-out can be found in Lumina’s July 9, 2018 press release titled “Lumina Gold Announces Spin-Out Of Mineral Exploration Assets and Creation of Luminex Resources”.

The Common Shares issued in the Offering will be subject to a statutory four month and a day hold period that will expire on November 27, 2018. In connection with the Offering, finder’s fees of 4% were paid on the proceeds from certain subscribers to Haywood Securities Inc., Trimark Trading and Raymond James Ltd.

The securities to be offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States absent registration under the U.S. Securities Act and all applicable U.S. state securities laws or compliance with the requirements of exemptions therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Lumina Gold

Lumina Gold Corp. 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, southwest Ecuador, and its Condor Gold-Copper project is located in Zamora-Chinchipe Province, southeast Ecuador. The Company also holds a large and highly prospective land package in Ecuador consisting of 135 thousand hectares. The Company has an experienced management team with a successful track record of advancing and monetizing exploration projects.