Lumina Gold Announces Issuance of Annual Equity Incentive Grant

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Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) announced the granting of 5,635,000 stock options and 3,500,000 restricted share units (RSUs) under the Omnibus Equity Incentive Plan. The options have an exercise price of $0.33 per share and will expire on December 18, 2028. Additionally, the company renewed its agreement with First Globe Capital International Inc. for an additional 12 months, providing marketing and advisory services. First Globe is owned by Anish Sunderji and will be compensated with the First Globe Options and reimbursement for incidental expenses.

VANCOUVER, BC, Dec. 18, 2023 /PRNewswire/ - 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.

Additionally, the Company has renewed its agreement with First Globe Capital International Inc. ("First Globe") that was announced on December 30, 2016, for an additional 12 months. First Globe is based out of Vancouver, British Columbia, 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

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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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

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SOURCE Lumina Gold Corp.

FAQ

What is the latest announcement from Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF)?

Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) announced the granting of stock options and restricted share units under the Omnibus Equity Incentive Plan, as well as the renewal of its agreement with First Globe Capital International Inc.

How many stock options and RSUs were granted by Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF)?

Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) granted 5,635,000 stock options and 3,500,000 restricted share units.

What is the exercise price and expiration date of the stock options granted by Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF)?

The stock options granted by Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) have an exercise price of $0.33 per share and will expire on December 18, 2028.

Who is First Globe Capital International Inc. and what is their relationship with Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF)?

First Globe Capital International Inc. is a company based in Vancouver, British Columbia, owned by Anish Sunderji. They provide marketing and advisory services to Lumina Gold Corp. and have been compensated with stock options and reimbursement for incidental expenses.

What services does First Globe Capital International Inc. provide to Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF)?

First Globe Capital International Inc. provides marketing and advisory services to Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF).