Initial Tarqui Exploration Results And Activities

VANCOUVER, BC - Lumina Gold Corp. reported the results of initial prospecting activities at the company’s wholly owned Tarqui concessions, where porphyry copper mineralization has been discovered from surface outcrops. The Tarqui 1&2 concessions (4,817 ha) are strategically located in the prolific Zamora Copper-Gold Metallogenic Belt in southeast Ecuador. A new asphalt road cuts across the eastern part of both Tarqui concessions which are approximately 15 kilometers from the town of Gualaquiza.

Preliminary mapping and sampling have defined porphyry style mineralization extending over an area of at least 1 x 1.5 kilometers in the northern part of the Tarqui 1 concession, with other mineralized zones encountered further to the south. Extensive patches of copper oxides and copper silicates were sampled from hydrothermally altered granodiorites and other intrusive rocks assaying up to 1.65% copper. A total of 220 continuous channel samples of surface copper mineralization were extracted, typically as two meter composites over 150 meter long panels. Samples from Panel 1 averaged 0.2% copper, 1.17 g/t silver, 0.05 g/t gold and 12.5 ppm molybdenum over its entire length and includes 10 contiguous meters averaging 0.75% copper, 0.39 g/t silver and 0.01 g/t gold. Panel 2 averaged 0.1% copper, 0.315 g/t silver, 0.01 g/t gold and 6.5 ppm molybdenum over its entire length.

In addition, 211 chip samples were taken over wider areas of the property. Chip samples of silver-rich quartz veins assayed up to 597 g/t silver, 3.6 g/t gold and 0.49% copper. The samples were prepared at the ALS Chemex facility in Quito, Ecuador and assayed at ALS in Vancouver, Canada. Sample duplicates were taken every 20th to 40th sample for a total of 10 laboratory control samples.

Lumina plans to continue bedrock sampling and mapping at Tarqui, augmented by ridge and spur as well as grid-based soil auger sampling. Lumina also plans to conduct Induced Polarization (“IP”) work at Tarqui in the second half of 2018 using the survey team currently dedicated to the company’s Orquideas copper-molybdenum earn-in project with First Quantum Minerals. The resistivity and chargeability data prepared by the IP team will be used to define drill targets at Tarqui.

Lumina Gold Corp. is a 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.