Lumina Gold Announces Results from 19,000 metre Drill Program at Cangrejos; Including 85 metres Grading 2.42 g/t Gold Equivalent from Surface and Open to Depth

Highlights from 7,800 metre diamond hole (35-151 metres) Resource Conversion Drill Program:

Hole C23-265: 2.47 g/t gold equivalent over 85 metres from surface to end of hole.
Hole C23-302: 1.75 g/t gold equivalent over 113 metres from 2 metres to end of hole.
Hole C23-317: 1.86 g/t gold equivalent over 96 metres from surface to end of hole.
Highest gold assay ever on the project in hole C23-253, 2 metres from 40 to 42 metres grading 580 g/t Au.

Lumina Gold Corp. (TSXV: LUM) (OTCQX: LMGDF) (the "Company" or "Lumina") is pleased to announce results from the 2023 Phase 1 mining resource conversion drilling campaign in support of the ongoing Feasibility Study ("FS") at its Cangrejos Project (the "Project") in Ecuador . Resource drilling comprised part of a larger drill campaign at the Cangrejos and Gran Bestia deposits which also included, metallurgical samples and geotechnical holes with subsequent hydrogeological testing in support of pit slope design. The 2023 drill program at the Project is summarized below in Table 1.

Marshall Koval , CEO and Director commented: "The completion of this drilling supports several key programs of the Feasibility Study. Work on the revised resource estimate, pit slope design metallurgical testing including High-Pressure Grinding Roll testing are now all underway. The assays from the resource infill program continue to demonstrate the exceptional continuity of grade at Cangrejos and are in line with expectations from previous drilling and studies."

Table 1: 2023 Drill Program Summary

	Resource Conversion	Pit Slope Geotechnical	Metallurgical Twin Holes	Hydrogeological Pump Testing	Totals
Cangrejos
Total # of holes	91	10	9	6	116
Total metreage	7,786	3,729	1,668	215	13,399
Shallowest hole (m)	35	180	56	27
Deepest Hole (m)	151	600	290	69
Gran Bestia
Total # of holes	n/a	10	7	n/a	17
Total metreage	n/a	4,142	1,397	n/a	5,539
Shallowest hole (m)	n/a	150	100	n/a
Deepest Hole (m)	n/a	663	265	n/a
Overall
Total # of holes	91	20	16	6	133
Total metreage	7,786	7,871	3,065	215	18,938

Cangrejos Drill-Hole Results

Highlights of the 2023 Project resource conversion program are provided in Table 2, and the corresponding intercepts are highlighted in Figures 1 and 2. A complete listing of results from the 2023 Project resource conversion program is provided in Annex 1.

Table 2: Highlighted Drill Results

Hole Number	From (m)	To (m)	Interval (m)	Au Grade (g/t)	Cu Grade (%)	Au Eq. (g/t)	Total Depth (m)	Comments
C23-252	6.0	45.0	39.0	2.50	0.31	2.94	45	Open to depth
C23-253	4.0	54.0	50.0	23.48	0.09	23.64	85	Incl. 2m grading 580g/t Au - uncut
or	4.0	54.0	50.0	3.08	0.09	3.24	85	2m grading 580g/t Au cut to 70g/t
C23-265	0.0	85.0	85.0	2.09	0.24	2.47	85	Open to depth
C23-269	0.0	115.0	115.0	1.02	0.24	1.37	115	Open to depth
C23-270	0.0	70.0	70.0	1.14	0.13	1.38	70	Open to depth
C23-275	0.0	91.0	91.0	1.76	0.13	1.97	91	Incl. 2m grading 16.4g/t Au - uncut
C23-302	2.0	115.0	113.0	1.50	0.16	1.75	115	Open to depth
C23-306	0.0	70.1	70.1	1.12	0.12	1.31	70.1	Open to depth
C23-312	0.0	76.0	76.0	1.40	0.17	1.65	76	Open to depth
C23-316	0.0	76.0	76.0	1.24	0.19	1.52	76	Open to depth
C23-317	0.0	96.0	96.0	1.48	0.27	1.86	96	Open to depth

Note: Minor contributors to Au Eq. calculation, silver and molybdenum are not included in this table but are provided in Annex 1. Intervals in the reported holes are calculated using a cut-off of 0.2 g/t Au with maximum internal dilution of ten continuous metres. A 70g/t Au top cut was applied for the interval noted in the comments section. Sampling is done in consistent, continuous 2-metre intervals. Values assume 100% recovery of all quoted metals and the following prices were used to calculate Au Eq.: a gold price of US$1,500 per ounce, a copper price of US$3.00 per pound, a molybdenum price of US$7.00 per pound and a silver price of US$18.00 per ounce.

Lumina Gold received the highest drill assay ever returned from the project in hole C23-253, where a 2-metre intercept from 40 to 42 metres graded 580 g/t Au, see Figure 1.

Lumina is operating normally at the Project. The Company's activities have not been affected by the recent civil disturbances that have impacted other areas in Ecuador .

Quality Assurance

All Lumina sample assay results have been independently monitored through a quality control / quality assurance ("QA/QC") program that includes the insertion of blind standards, blanks and pulp and reject duplicate samples. Logging and sampling are completed at Lumina's secure facility located at the Project. Drill core is sawn in half on site and half drill-core samples are securely transported to ALS Labs' ("ALS") sample preparation facilities in Quito, Ecuador . Sample pulps are sent to ALS' chemical labs in Lima, Peru for analysis. Gold content is determined by fire assay of a 30-gram charge with total copper content determined by four-acid digestion with ICP finish. The lab is independent from Lumina.

Lumina is not aware of any drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data referred to herein.

Qualified Person

Leo Hathaway , P.Geo., Senior Vice President of Lumina and the Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects for the Project has reviewed, verified, and approved the contents of this news release and has verified the data underlying the contents of this news release by review and supervision of, but not limited to, drilling procedures, chain of custody of core and samples, logging and sampling procedures and insertion of blind standards, blanks and pulp duplicates into the sample stream and running of check samples with an umpire laboratory; such that no limitations are known that would prohibit it being suitable for resource estimation.

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.

Follow us on: Twitter , Linkedin or Facebook .

Further details are available on the Company's website at https://luminagold.com/ . To receive future news releases please sign up at https://luminagold.com/contact .

Lumina Gold Corp.

Signed: "Marshall Koval"
Marshall Koval , President & CEO, Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Information

Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to potentially converting mineral resources to mineral reserves and future work programs and work on the FS. Often, but not always, forward-looking statements or information can be identified by the use of words such as "will" or "projected" or variations of those words or statements that certain actions, events or results "will", "could", "are proposed to", "are planned to", "are expected to" or "are anticipated to" be taken, occur or be achieved.

With respect to forward-looking statements and information contained herein, the Company has made numerous assumptions including among other things, assumptions about general business and economic conditions, the prices of gold and copper, and anticipated costs and expenditures. The foregoing list of assumptions is not exhaustive.

Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that a forward-looking statement or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These factors include, but are not limited to: risks associated with the business of the Company; business and economic conditions in the mining industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks relating to inaccurate geological and engineering assumptions (including with respect to the tonnage, grade and recoverability of reserves and resources); risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters); risks relating to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time in the Company's continuous disclosure documents filed with Canadian securities administrators. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Annex. 1: Drill result table – Complete 2023 Cangrejos Infill Resource Conversion Program Results. Intervals provided in Table 2. are shown in bold.

Hole Number	From (m)	To (m)	Interval (m)	Au Grade (g/t)	Cu Grade (%)	Ag Grade (g/t)	Mo Grade (ppm)	Au Eq. (g/t)	Total Depth (m)	Comments
C23-242	0.0	86.0	86.0	0.37	0.09	1.19	2	0.51	140.0	330 ° /-65 °
and	98.0	100.0	2.0	0.26	0.05	0.25	2	0.33
and	112.0	136.0	24.0	0.31	0.05	0.29	8	0.38
C23-243	0.0	2.0	2.0	0.37	0.01	21.00	1	0.64	85.2
and	10.0	14.0	4.0	0.31	0.03	9.75	1	0.46
and	52.0	70.0	18.0	0.25	0.09	0.72	1	0.38
C23-244	0.0	88.0	88.0	0.54	0.07	1.53	6	0.66	130.9	150 ° /-65 °
and	118.0	128.0	10.0	0.26	0.02	0.46	15	0.30
C23-245	4.0	18.0	14.0	0.33	0.06	12.59	2	0.55	45.1
and	30.0	45.1	15.1	0.25	0.15	1.23	2	0.47		Open to depth
C23-246	0.0	2.0	2.0	0.33	0.03	22.50	3	0.64	85.3
and	12.0	30.0	18.0	0.43	0.04	25.34	5	0.79
and	52.0	84.0	32.0	0.44	0.02	0.29	11	0.48
C23-247	14.0	16.0	2.0	0.95	0.04	1.30	1	1.03	75.4
and	26.0	58.0	32.0	0.27	0.12	1.97	5	0.46
C23-248	2.0	30.0	28.0	0.31	0.09	5.88	5	0.51	50.0
and	42.0	50.0	8.0	0.58	0.15	1.40	8	0.81		Open to depth
C23-249	0.0	35.1	35.1	0.47	0.17	3.10	9	0.75	35.1	Open to depth
C23-250	16.0	18.0	2.0	0.74	0.04	2.90	1	0.83	100.4
and	46.0	92.0	46.0	0.29	0.14	2.01	10	0.50
C23-251	0.0	86.0	86.0	0.44	0.05	2.14	6	0.53	90.1
C23-252	6.0	45.1	39.1	2.50	0.31	3.83	11	2.94	45.1	Open to depth
C23-253	4.0	54.0	50.0	3.08	0.09	2.46	4	3.24	85.2	2m sample grading 580g/t Au cut to 70g/t Au
or	4.0	54.0	50.0	23.48	0.09	2.46	3	23.64	85.2	2m sample grading 580g/t Au - uncut
and	70.0	76.0	6.0	0.75	0.05	1.30	4	0.96
C23-254	0.0	100.1	100.1	0.68	0.05	1.90	18	0.78	100.1	Open to depth
C23-255	0.0	45.2	45.2	1.46	0.37	1.75	1	1.98	45.2	Open to depth
C23-256	16.0	48.0	32.0	0.42	0.09	8.49	8	0.64	76.0
and	64.0	66.0	2.0	1.68	0.06	0.25	6	1.76
C23-257	8.0	14.0	6.0	0.39	0.09	6.23	13	0.59	55.2
C23-258	0.0	48.0	48.0	1.09	0.06	4.81	8	1.22	85.4	Open to depth
and	62.0	85.4	23.4	0.69	0.04	0.33	37	0.77
C23-259	16.0	54.0	38.0	0.22	0.15	1.19	3	0.44	65.0
C23-260	0.0	2.0	2.0	0.37	0.05	0.25	2	0.44	75.3
and	8.0	10.0	2.0	0.33	0.01	0.50	1	0.35
and	52.0	62.0	10.0	0.23	0.05	0.30	24	0.32
C23-261	0.0	65.1	65.1	1.13	0.12	1.55	30	1.40	65.1	Open to depth
C23-262	8.0	10.0	2.0	0.57	0.07	1.20	2	0.67	75.3	330 ° /-85 ° Open to depth
and	26.0	75.3	49.3	0.24	0.09	0.42	15	0.37
C23-263	2.0	8.0	6.0	0.88	0.23	6.47	3	1.28	91.3	Open to depth
and	22.0	26.0	4.0	0.23	0.04	0.53	1	0.30
and	36.0	40.0	4.0	0.33	0.13	0.25	4	0.51
and	52.0	91.3	39.3	0.67	0.20	0.58	8	0.95
C23-264	12.0	24.0	12.0	0.34	0.10	0.79	7	0.49	90.2
and	82.0	84.0	2.0	0.26	0.12	0.70	70	0.45
C23-265	0.0	85.3	85.3	2.09	0.24	1.44	78	2.47	85.3	Open to depth
C23-266	0.0	115.1	115.1	0.83	0.18	0.57	10	1.09	115.1	Open to depth
C23-267	0.0	65.7	65.7	1.09	0.14	2.09	24	1.31	65.7	Open to depth
C23-268	2.0	22.0	20.0	0.25	0.14	0.86	1	0.46	55.1	150 ° /-50 °
and	46.0	54.0	8.0	0.24	0.08	0.61	3	0.35
C23-269	0.0	115.0	115.0	1.02	0.24	0.67	46	1.37	115.0	330 ° /-60 ° Open to depth
C23-270	0.0	70.0	70.0	1.14	0.13	4.70	40	1.38	70.0	Open to depth
C23-271	2.0	100.2	98.2	0.60	0.16	4.74	8	0.88	100.2	Open to depth
C23-272	0.0	100.0	100.0	0.87	0.14	0.63	19	1.07	100.0	150 ° /-50 ° Open to depth
C23-273	0.0	75.2	75.2	0.88	0.19	2.10	3	1.17	75.2	330 ° /-60 ° Open to depth
C23-274	0.0	65.5	65.5	0.57	0.09	0.68	15	0.72	65.5	150 ° /-75 ° Open to depth
C23-275	0.0	90.8	90.8	1.76	0.13	2.15	23	1.97	90.8	150 ° /-75 ° 2m sample grading
C23-276	14.0	22.0	8.0	0.37	0.11	3.55	2	0.56	95.1
and	52.0	54.0	2.0	0.34	0.13	2.50	6	0.55
and	64.0	66.0	2.0	0.25	0.11	0.60	2	0.41
and	88.0	90.0	2.0	0.25	0.02	0.25	7	0.27
C23-277	0.0	2.0	2.0	0.32	0.04	0.25	2	0.37	105.9	330 ° /-70 ° Open to depth
and	10.0	12.0	2.0	0.24	0.08	2.30	1	0.37
and	32.0	34.0	2.0	0.21	0.06	0.60	2	0.31
and	36.0	38.0	2.0	0.27	0.05	2.30	2	0.37
and	86.0	105.9	19.9	0.40	0.07	0.75	4	0.51		Open to depth
C23-278	0.0	80.0	80.0	0.58	0.15	0.55	10	0.79	80.0	Open to depth
C23-279	0.0	71.4	71.4	0.53	0.14	0.40	10	0.73	71.4	Open to depth
C23-280	0.0	65.4	65.4	0.51	0.12	2.98	17	0.72	65.4	Open to depth
C23-281	10.0	28.0	18.0	0.88	0.16	1.63	1	1.11	110.1	Open to depth
and	44.0	46.0	2.0	0.23	0.07	0.25	2	0.33
and	48.0	50.0	2.0	0.21	0.09	0.25	1	0.34
and	60.0	64.0	4.0	0.42	0.09	1.20	4	0.56
and	80.0	110.1	30.1	0.43	0.13	0.53	24	0.63
C23-282	4.0	6.0	2.0	0.22	0.08	0.60	3	0.34	81.2	330 ° /-65 °
and	16.0	18.0	2.0	0.27	0.04	0.25	8	0.33
and	26.0	72.0	46.0	0.71	0.04	0.31	7	0.77
C23-283	24.0	36.0	12.0	0.31	0.10	1.03	4	0.46	79.2	150 ° /-70 °
and	52.0	74.0	22.0	0.57	0.08	0.74	6	0.69
C23-284	4.0	84.0	80.0	0.63	0.11	0.67	40	0.80	100.2	330 ° /-70 ° Open to depth
and	96.0	100.2	4.2	0.64	0.12	0.25	120	0.84
C23-285	0.0	84.0	84.0	0.58	0.20	2.17	12	0.88	85.0
C23-286	0.0	90.8	90.8	0.39	0.12	1.23	7	0.58	90.8	330 ° /-50 ° Open to depth
C23-286A	6.0	88.0	82.0	0.37	0.13	1.20	7	0.56	150.5	330 ° /-50 ° Open to depth
and	106.0	122.0	16.0	0.26	0.08	0.76	4	0.39
and	142.0	150.5	8.5	0.60	0.10	0.91	2	0.74
C23-287	0.0	46.0	46.0	0.54	0.08	0.35	9	0.65	50.3
C23-288	0.0	65.2	65.2	0.67	0.08	0.47	40	0.80	65.2	330 ° /-60 ° Open to depth
C23-289	0.0	46.0	46.0	1.35	0.32	2.58	5	1.82	100.1	Open to depth
and	64.0	100.2	36.2	1.29	0.45	2.45	13	1.95
C23-290	0.0	62.0	62.0	0.92	0.05	1.01	6	1.00	65.5
C23-291	0.0	80.0	80.0	0.65	0.07	2.23	23	0.77	100.2
C23-292	0.0	65.4	65.4	0.88	0.12	0.34	108	1.09	65.4	Open to depth
C23-293	0.0	62.0	62.0	0.36	0.12	1.18	4	0.54	75.1
C23-294	10.0	34.0	24.0	0.23	0.16	0.75	4	0.46	140.7
and	42.0	44.0	2.0	0.21	0.06	0.25	2	0.30
and	58.0	72.0	14.0	0.55	0.04	0.25	10	0.60
and	86.0	116.0	30.0	0.23	0.04	0.38	2	0.29
and	132.0	136.0	4.0	0.27	0.05	0.85	2	0.35
C23-295	0.0	60.9	60.9	0.84	0.12	2.49	23	1.03	60.9	Open to depth
C23-296	2.0	50.0	48.0	0.31	0.14	1.67	3	0.53	55.2
C23-297	0.0	80.6	80.6	0.74	0.11	0.85	46	0.91	80.6	Open to depth
C23-298	0.0	70.3	70.3	0.87	0.07	1.42	25	0.99	70.3	Open to depth
C23-299	6.0	16.0	10.0	0.50	0.06	2.50	1	0.62	35.2
and	28.0	30.0	2.0	0.46	0.03	0.25	6	0.50
C23-300	6.0	95.3	89.3	0.42	0.08	0.44	24	0.54	95.3	Open to depth
C23-301	16.0	20.0	4.0	0.56	0.18	1.75	10	0.83	105.3	Open to depth
and	36.0	38.0	2.0	0.35	0.07	0.70	1	0.46
and	50.0	52.0	2.0	0.59	0.06	0.70	1	0.68
and	70.0	72.0	2.0	0.31	0.03	0.90	2	0.35
and	84.0	105.3	21.3	0.91	0.08	0.51	2	1.03
C23-302	2.0	115.1	113.1	1.50	0.16	1.48	44	1.75	115.1	330 ° /-45 ° Open to depth
C23-303	0.0	50.2	50.2	1.22	0.08	2.02	19	1.36	50.2	Open to depth
C23-304	2.0	8.0	6.0	0.32	0.04	2.00	3	0.40	65.1	330 ° /-60 ° Open to depth
and	28.0	30.0	2.0	0.25	0.10	0.60	7	0.39
and	64.0	65.1	1.1	0.43	0.02	0.25	1	0.47
C23-305	24.0	66.0	42.0	0.26	0.05	0.52	7	0.33	105.2	Open to depth
and	92.0	105.2	13.2	0.32	0.06	0.42	12	0.40
C23-306	0.0	70.1	70.1	1.12	0.12	0.55	48	1.31	70.1	Open to depth
C23-307	4.0	100.4	96.4	0.32	0.10	0.32	8	0.47	100.4	Open to depth
C23-308	0.0	78.0	78.0	0.82	0.08	2.44	6	0.96	80.5
C23-309	0.0	85.4	85.4	0.84	0.16	1.45	17	1.08	85.4	Open to depth
C23-310	8.0	22.0	14.0	0.24	0.06	2.50	4	0.35	101.1	Open to depth
and	42.0	44.0	2.0	1.35	0.06	0.60	1	1.44
and	56.0	58.0	2.0	0.65	0.08	0.60	5	0.77
and	84.0	86.0	2.0	0.25	0.07	0.25	7	0.35
and	98.0	101.1	3.1	1.15	0.15	0.77	11	1.37
C23-311	2.0	70.3	68.3	0.71	0.04	0.26	26	0.78	70.3	Open to depth
C23-312	0.0	75.8	75.8	1.40	0.17	0.71	24	1.65	75.8	330 ° /-60 ° Open to depth
C23-313	0.0	92.0	92.0	0.41	0.10	0.38	12	0.55	115.6
and	106.0	108.0	2.0	0.22	0.03	0.25	5	0.27
C23-314	16.0	24.0	8.0	0.42	0.10	1.73	4	0.58	145.9	150 ° /-85 ° Open to depth
and	38.0	52.0	14.0	0.40	0.06	0.49	5	0.48
and	88.0	145.9	57.9	0.40	0.13	0.53	9	0.59
C23-315	0.0	115.5	115.5	0.32	0.12	0.48	4	0.49	115.5	Open to depth
C23-316	0.0	75.7	75.7	1.24	0.19	0.82	31	1.52	75.7	Open to depth
C23-317	0.0	95.7	95.7	1.48	0.27	0.50	56	1.86	95.7	Open to depth
C23-318	0.0	46.0	46.0	0.64	0.14	1.75	4	0.85	115.4	330 ° /-55 °
and	60.0	114.0	54.0	0.37	0.10	0.63	5	0.52
C23-319	0.0	122.0	122.0	0.50	0.15	0.54	13	0.72	125.9	330 ° /-60 °
C23-320	0.0	78.0	78.0	0.54	0.20	0.43	23	0.82	86.2	330 ° /-45 °
C23-321	0.0	36.0	36.0	0.53	0.17	1.06	2	0.78	105.0	Open to depth
and	48.0	105.0	57.0	0.97	0.34	0.99	13	1.44
C23-322	0.0	100.4	100.4	0.67	0.20	0.58	15	0.95	100.4	Open to depth
C23-323	2.0	95.7	93.7	0.27	0.11	1.70	16	0.45	95.7	Open to depth
C23-324	4.0	95.7	91.7	0.54	0.16	0.39	13	0.78	95.7	330 ° /-55 ° Open to depth
C23-325	0.0	98.0	98.0	0.35	0.08	0.78	15	0.48	141.2	330 ° /-70 ° Open to depth
and	112.0	141.2	29.2	1.36	0.15	3.84	9	1.61
C23-326	0.0	75.1	75.1	0.90	0.31	0.70	19	1.34	75.1	Open to depth
C23-327	26.0	30.0	4.0	2.65	0.03	1.00	2	2.71	106.0	225 ° /-65 °
and	40.0	84.0	44.0	0.33	0.14	0.91	8	0.53
and	98.0	106.0	8.0	0.57	0.09	1.44	13	0.72
C23-328	0.0	8.00	8.0	0.27	0.05	2.28	3	0.37	60.6
and	52.0	60.0	8.0	0.36	0.04	0.25	5	0.41
C23-329	2.0	75.2	73.2	0.35	0.11	0.32	11	0.51	75.2	Open to depth
C23-330	6.0	71.3	65.3	0.81	0.32	1.49	6	1.27	71.3	330 ° /-55 ° Open to depth
C23-331	0.0	55.2	55.2	0.29	0.13	0.38	5	0.48	55.2	Open to depth

Note: All holes drilled at 0 ° azimuth and -90 ° dip unless otherwise stated in the comments. Intervals in the reported holes are calculated using a cut-off of 0.2 g/t Au with maximum internal dilution of ten continuous metres. A top-cut of 70 g/t Au was applied to one sample as noted in comments. Sampling is done in consistent, continuous 2-metre intervals. Values assume 100% recovery of all quoted metals and the following prices were used: a gold price of US$1,500 per ounce, a copper price of US$3.00 per pound, a molybdenum price of US$7.00 per pound and a silver price of US$18.00 per ounce.

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SOURCE Lumina Gold Corp.

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LUM:CC

Lumina Gold Announces US$10.2 million Wheaton Precious Metals Draw and Amendment to the PMPA

Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) (the "Company" or "Lumina") is pleased to announce that under the previously announced US$300 million precious metals purchase agreement (the "PMPA") with Wheaton Precious Metals International Ltd., a wholly owned subsidiary of Wheaton Precious Metals Corp. ("Wheaton"), the Company has drawn an additional installment of US$10.2 million . The draw consisted of two tranches, US$9 million which was due twelve months after the initial draw in May 2023 and US$1.2 million related to specific pre-construction acquisition transactions.

The PMPA has been amended to modify the US$15 million that was due in May 2024 to US$9 million payable immediately and the remaining US$6 million payable on December 2, 2024 . This amendment was made because Lumina has not yet finalized terms for the exploitation contract with the Government of Ecuador , which was a condition for the US$15 million being received. The December 2, 2024 payment is conditional on the finalization of the exploitation contract term sheet between Lumina and the Government of Ecuador .

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.

Follow us on: Twitter , Linkedin or Facebook .

Further details are available on the Company's website at https://luminagold.com/ . To receive future news releases please sign up at https://luminagold.com/contact .

Lumina Gold Corp.

Signed: "Marshall Koval"

Marshall Koval , President & CEO, Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Information

Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to: the Company's ability to finalize the exploitation contract terms with the Government of Ecuador before December 2, 2024 . Often, but not always, forward-looking statements or information can be identified by the use of words such as "will" or "projected" or variations of those words or statements that certain actions, events or results "will", "could", "are proposed to", "are planned to", "are expected to" or "are anticipated to" be taken, occur or be achieved.

With respect to forward-looking statements and information contained herein, the Company has made numerous assumptions including among other things, assumptions about: the Company's ability to meet its obligations under the PMPA; general business and economic conditions; the prices of gold and copper; and anticipated costs and expenditures. The foregoing list of assumptions is not exhaustive.

Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that a forward-looking statement or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These factors include, but are not limited to: risks associated with the business of the Company; business and economic conditions in the mining industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks relating to inaccurate geological and engineering assumptions (including with respect to the tonnage, grade and recoverability of reserves and resources); risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters); risks relating to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time in the Company's continuous disclosure documents filed with Canadian securities administrators. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

View original content to download multimedia: https://www.prnewswire.com/news-releases/lumina-gold-announces-us10-2-million-wheaton-precious-metals-draw-and-amendment-to-the-pmpa-302160826.html

SOURCE Lumina Gold Corp.

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Lumina Gold Engages a Market Maker

Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) (the "Company" or "Lumina") announces that it has engaged Integral Wealth Securities Limited ("Integral") to provide services as a market maker in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. Under the agreement, Integral will receive a fee of C$6,000 plus applicable taxes per month. The initial term of the agreement is three (3) months from the date of execution with an option to renew.

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.

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Lumina Gold Announces Issuance of Annual Equity Incentive Grant

Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) (the "Company" or "Lumina") announces that it has granted incentive stock options and restricted share units ("RSU's") under the Company's Omnibus Equity Incentive Plan to certain directors, officers, employees and consultants of the Company. 5,635,000 stock options were granted and have an exercise price of $0.33 per share and will expire on December 18, 2028 . 5,510,000 of the options will vest in three equal parts over the first two years after grant and 125,000 options (the "First Globe Options") will vest in four equal parts over the first two years after grant. 3,500,000 RSUs were granted and will vest in equal parts over three years.

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Dore Copper Announces Filing and Mailing of Management Information Circular in Connection with Special Meeting and Encourages Shareholders to Access Meeting Materials Electronically

Doré Copper Mining Corp. (" Doré Copper ") (TSXV: DCMC; OTCQB: DRCMF; FRA: DCM) today announced that it has filed and is in the process of mailing the management information circular (the " Circular ") and related materials for the special meeting (the " Meeting ") of shareholders of Doré Copper (" Doré Copper Shareholders ") to be held December 16, 2024. At the Meeting, Doré Copper Shareholders will be asked to consider and vote on a special resolution (the " Arrangement Resolution ") approving a statutory plan of arrangement (the " Plan of Arrangement ") pursuant to Section 192 of the Canada Business Corporations Act (the " Arrangement "), subject to the terms and conditions of an arrangement agreement dated October 14, 2024 (the " Arrangement Agreement ") entered into among Doré Copper, Cygnus Metals Limited (" Cygnus ") and 1505901 B.C. Ltd., a wholly owned subsidiary of Cygnus, all as more particularly described in the Circular.

The board of directors of Doré Copper (the " Doré Copper Board ") and the special committee of independent directors established by the Doré Copper Board (the " Special Committee ") have unanimously determined that the Arrangement is in the best interests of Doré Copper and that the Arrangement is fair to the Doré Copper Shareholders. The Special Committee and the Doré Copper Board reviewed and considered a significant amount of information and considered a number of factors relating to the Arrangement, with the benefit of advice from Doré Copper's management, and the financial and legal advisors of the Special Committee and the Doré Copper Board. The Special Committee unanimously recommended that the Doré Copper Board recommend to Doré Copper Shareholders that they vote FOR the Arrangement Resolution. The Doré Copper Board unanimously recommends that Doré Copper Shareholders vote FOR the Arrangement Resolution. See pages 33 to 36 of the Circular for a detailed description of the " Reasons for the Arrangement ".

In accordance with the interim order granted by the Ontario Superior Court of Justice (Commercial List) on November 12, 2024, providing for the calling and holding of the Meeting and other procedural matters relating to the Arrangement, the Arrangement can only proceed if, among other conditions, it receives the approval of not less than two-thirds (66⅔%) of the votes cast on the Arrangement Resolution by Doré Copper Shareholders in person or by proxy at the Meeting and not less than a majority (50% + 1) of the votes cast on the Arrangement Resolution by Doré Copper Shareholders in person or by proxy at the Meeting excluding the votes cast by certain interested or related parties or joint actors of Doré Copper in accordance with the minority approval requirements of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions .

Under the Arrangement Agreement, the parties have agreed to effect the Arrangement, pursuant to which Cygnus will indirectly acquire all of the issued and outstanding common shares in the capital of Doré Copper (" Doré Copper Shares "), and Doré Copper Shareholders will be entitled to receive, for each Doré Copper Share held immediately prior to the effective time of the Arrangement (the " Effective Time "), 1.8297 fully paid ordinary shares (the " Consideration ") in the capital of Cygnus (each one whole share, a " Cygnus Share ").

As a result of, and immediately following the completion of, the Arrangement, Doré Copper will be an indirect wholly-owned subsidiary of Cygnus and the former Doré Copper Shareholders will be entitled to receive the Consideration for each Doré Copper Share previously held by them immediately prior to the Effective Time (subject to rounding, as provided for in the Plan of Arrangement).

Cygnus has applied for its Cygnus Shares to be listed on the TSX Venture Exchange (the " TSXV "). It is a condition of closing that Cygnus shall have received conditional listing approval from the TSXV to list the Cygnus Shares on the TSXV. Listing of the Cygnus Shares on the TSXV will be subject to Cygnus receiving approval from, and fulfilling all of the minimum listing requirements of, the TSXV.

Meeting and Circular

The Meeting of the Doré Copper Shareholders will be held at the offices of Bennett Jones LLP located at One First Canadian Place, 100 King Street West, Suite 3400, Toronto, Ontario, M5X 1A4 on December 16, 2024 at 12:00 p.m. (Toronto time). Doré Copper Shareholders of record as of the close of business on November 13, 2024 are entitled to receive notice of and to vote at the Meeting. Doré Copper Shareholders are urged to vote before the proxy deadline of 12:00 p.m. (Toronto time) on December 12, 2024.

The Circular provides important information on the Arrangement and related matters, including the background of the Arrangement, the rationale for the recommendations made by the Special Committee and the Doré Copper Board, and voting procedures. Doré Copper Shareholders are urged to read the Circular and its appendices carefully and in their entirety. The Circular is being mailed to Doré Copper Shareholders in compliance with applicable Canadian securities laws. The Circular is available under Doré Copper's profile on SEDAR+ at www.sedarplus.ca and on Doré Copper's website at www.dorecopper.com .

Impact of Canada Post Labour Strike

Due to the ongoing Canada Post labour strike, it is possible that Doré Copper Shareholders may experience a delay in receiving the Circular and related materials in respect of the Meeting. Doré Copper Shareholders are encouraged to access the Circular and related materials electronically as noted above. Registered holders of Doré Copper Shares experiencing a delay in receiving the Circular and related materials may contact Computershare Investor Services Inc. at 1-800-564-6253 to obtain their individual control numbers in order to vote their Doré Copper Shares. Registered holders of Doré Copper Shares are encouraged to vote their Doré Copper Shares via the internet at www.investorvote.com or via telephone at 1-866-732-VOTE (8683). Registered holders of Doré Copper Shares are also encouraged to complete and return letters of transmittal by hand or by courier to ensure the appropriate documents are received in a timely manner. Beneficial holders of Doré Copper Shares experiencing a delay in receiving the Circular and related materials should contact their broker or other intermediary for assistance in obtaining their individual control numbers in order to vote their Doré Copper Shares. Beneficial holders of Doré Copper Shares are encouraged to vote their Doré Copper Shares via the internet at www.proxyvote.com or via telephone at 1-800-474-7493 (English) or 1-800-474-7501 (French). It is recommended that any physical forms of proxy or voting instruction forms be delivered via courier to ensure that they are received in a timely manner.

Registered holders of Doré Copper Shares who wish to exercise their dissent rights in connection with the Arrangement are also cautioned to deliver their written objection to Doré Copper by mail using a method other than Canada Post or by facsimile transmission in accordance with the instructions set forth in the Circular to ensure that they are received in a timely manner.

Other Matters

Agreement with SOQUEM

Further to its news release dated July 3, 2024, on July 2, 2024, Doré Copper issued 1,190,476 Doré Copper Shares to SOQUEM at a deemed price of $0.105 per Doré Copper Share in connection with its acquisition of a 56.41% interest in a group of contiguous claims located immediately north and east of its flagship high-grade Corner Bay copper project in the Chibougamau mining camp.

About Doré Copper Mining Corp.

Doré Copper Mining Corp. aims to be the next copper producer in Québec with an initial production target of +50 million pounds of copper equivalent annually by implementing a hub-and-spoke operation model with multiple high-grade copper-gold assets feeding its centralized Copper Rand mill ¹ . Doré Copper has delivered its PEA in May 2022 and is proceeding with a feasibility study. Doré Copper has consolidated a large land package in the prolific Lac Doré/Chibougamau and Joe Mann mining camps that has historically produced 1.6 billion pounds of copper and 4.4 million ounces of gold. ² The land package includes 13 former producing mines, deposits and resource target areas within a 60-kilometer radius of Doré Copper's Copper Rand Mill.

About Cygnus Metals

Cygnus Metals Limited (ASX: CY5) is an emerging exploration company focused on advancing the Pontax Lithium Project (earning up to 70%), the Auclair Lithium Project and the Sakami Lithium Project in the world class James Bay lithium district in Québec, Canada. In addition, Cygnus has REE and base metal projects at Bencubbin and Snake Rock in Western Australia. The Cygnus Board of Directors and Technical Management team have a proven track record of substantial exploration success and creating wealth for shareholders and all stakeholders in recent years. Cygnus' tenements range from early-stage exploration areas through to advanced drill-ready targets.

For further information about Doré Copper, please contact:

Ernest Mast	Laurie Gaborit
President and Chief Executive Officer	Vice President, Investor Relations
Phone: (416) 792-2229	Phone: (416) 219-2049
Email: ernest.mast@dorecopper.com	Email: laurie.gaborit@dorecopper.com

Visit: www.dorecopper.com
Facebook: Doré Copper Mining
LinkedIn: Doré Copper Mining Corp.
Twitter: @DoreCopper
Instagram: @DoreCopperMining

Cautionary Note Regarding Forward-Looking Statements
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this news release, including, without limitation, statements with respect to the proposed Arrangement and the terms thereof, the completion of the Arrangement, including receipt of all necessary court, shareholder and regulatory approvals and timing thereof, the listing of the Cygnus Shares on the TSXV, and the plans, operations and prospects of Doré Copper and its properties are forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the ability to obtain approvals in respect of the Arrangement and to consummate the Arrangement, the ability to obtain approvals for the listing of the Cygnus Shares on the TSXV, integration risks, actual results of current and future exploration activities, benefit of certain technology usage, the ability of prior successes and track record to determine future results, changes in project parameters and/or economic assessments, availability of capital and financing on acceptable terms, general economic, market or business conditions, future prices of metals, uninsured risks, risks relating to estimated costs, regulatory changes, delays or inability to receive required regulatory approvals, health emergencies, pandemics and other exploration or other risks detailed herein and from time to time in the filings made by Doré Copper with securities regulators. Although Doré Copper has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Doré Copper disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Red Metal Resources Engages German Investor Awareness and Digital Marketing Consultants

Red Metal Resources Ltd. (CSE: RMES) (OTC Pink: RMESF) (FSE: I660) ("Red Metal" or the "Company") The Company has engaged Investment-Zirkel-München ("IZM") that offers several services for German language investor awareness including news dissemination, conference calls, real-time investor forums and an active investors network throughout Europe. IZM has a select investor following that participate in both financings and open market buying. The IZM contract is for a two-year term at a cost of CAD$25,000.

IZM has a business address at Lena-Chris-Str 9, Nuebiberg, Germany. The services to be provided will be overseen by Mathias Voigt, President of the company, who can be contacted at mv@i-z-m.info. Mr. Voigt owns 150,000 shares of the Company.

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World Copper Initiates Strategic Review Process and Engages Advisor

World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) (FSE: 7LY0) ("World Copper " or the "Company") announces that the Company has initiated a strategic review process and has engaged Origin Merchant Partners (the "Advisor") to assist it in its review. The Advisor will work with World Copper's management and Board to evaluate a range of strategic alternatives that may be available to the Company to grow and maximize value for all shareholders (the "Engagement"). There can be no assurance that this process will result in any specific strategic plan or financial transaction and no timetable has been set for its completion. The Company does not plan to provide updates on the status of the review unless there are material developments to report.

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Heritage Mining Further Expands Land Position and Provides Exploration Update

(TheNewswire)

VANCOUVER, BC TheNewswire - November 19, 2024 Heritage Mining Ltd. (CSE: HML FRA:Y66) (" Heritage " or the " Company ") is pleased to announce the claim package expansion at its flagship Drayton Black Lake (" DBL ") based on experts recommendations Brett Davis and Dr. Gregg Morrison in addition to an update on the ongoing 2024 exploration program over the Ontario Project Portfolio. The Company believes the progress achieved to date represents important milestones for systematic exploration in one of the last underdevelopment greenstone belts in Northwestern Ontario.

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Quetzal Copper Announces Brokered Private Placement Offering to Raise $3.0 Million

Quetzal Copper Corp. (TSXV: Q) ("Quetzal" or the "Company") a North American focused copper exploration company is pleased to announce that it has entered into an agreement with Independent Trading Group ("ITG") to act as lead agent and sole bookrunner in connection with a "best efforts" private placement (the "Offering") for aggregate gross proceeds of up to $3,000,000 from the sale of the following:

up to 6,666,666 units of the Company (the "Units") at a price of $0.15 per Unit for gross proceeds of up to $1,000,000 from the sale of Units; and

up to 10,526,315 common shares of the Company (the "FT Shares", and together with the Units, the "Offered Securities") at a price of $0.19 per FT Share for gross proceeds of up to $2,000,000 from the sale of FT Shares. Each FT Share will be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada).

Each Unit issued under the Offering shall consist of one common share in the capital of the Company (each, a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of $0.25 per Common Share for a period of 24 months from the Closing Date (as defined below).

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Consultant	Responsibility
Ausenco Engineering Canada ULC	Lead author, including process and infrastructure engineering
SIM Geological Inc.	Resource estimation
Laboratorio C.H. Plenge & Cia. S.A.	Metallurgical testing
International Metallurgical and Environmental Inc.	Metallurgical Qualified Person
Independent Mining Consultants Inc.	Mineral reserves, mine design and mining costs
MTB Enterprises Inc.	Project manager
RM Enterprises	Economic model
Wyllie & Norrish Rock Engineers Inc.	Mine geotechnical
Global Resource Engineering	Ground water & hydrology
BARR Engineering Company	Ground water & hydrology
Social Capital Group	Social and community

Hole ID	From (m)	To (m)	Interval (m)	ZnEq (%)	AgEq (g/t)	Ag (g/t)	Au (g/t)	Zn (%)	Pb (%)	Cu (%)
WT24-33	102.62	124.65	22.03	3.7	177.1	57.5	0.14	1.6	0.67	0.09
incl.	121.70	124.60	2.90	22.6	1078.8	417.4	0.74	9.1	4.77	0.105
WT24-34	92.25	96.62	4.37	13.7	656.2	157.4	1.05	6.3	3.03	0.076
incl.	94.59	96.06	1.47	31.1	1488.4	356.0	2.90	13.7	6.21	0.166

Red Mountain 2024 Diamond Drill Hole Collars
Hole ID	Easting	Northing	Elevation (m)	Azimuth	Dip	Depth (m)	Zone	Status
WT24-33	483950	7090863	982	0	-90	185	West Tundra Flats	Reported Here
WT24-34	484196	7090851	968	38	-78	146	West Tundra Flats	Reported Here
DC24-106	481059	7088384	1233	170	-72	192	Dry Creek	Previously Reported
DC24-104	480364	7088200	1218	180	-45	112	Dry Creek	Results Pending
DC24-105	480364	7088200	1218	180	-75	120	Dry Creek	Results Pending
KW24-03	470228	7085491	1561	180	-50	283	Kiwi	Results Pending

Lumina Gold Announces Results from 19,000 metre Drill Program at Cangrejos; Including 85 metres Grading 2.42 g/t Gold Equivalent from Surface and Open to Depth

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