VANCOUVER - Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) (the 'Company' or 'Lumina') is pleased to announce that Ross Beaty has converted C$15.3 million of outstanding debt to common shares at a price of C$0.42 per share pursuant to an amended and restated credit agreement dated December 13, 2022 .

As a result of this conversion, Ross Beaty has been issued 36,484,604 common shares of Lumina, bringing his ownership in the Company to 27.7%.

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.

Contact:

Tel: 1 (604) 646 1890

Email: info@luminagold.com

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