LUMINA GOLD CORP - LMGDF STOCK NEWS

Lumina Gold Corp. (OTCQX: LMGDF) announced on December 13, 2022, an amendment to its unsecured credit facility with major shareholder Ross Beaty. The facility will increase from C$10 million to C$15 million and extend its term to December 31, 2023, maturing earlier upon specific conditions. Furthermore, loans can be converted to common shares at C$0.42 per share. Proceeds will finance pre-feasibility study costs and aid in corporate operations. All amendments are subject to TSX Venture Exchange acceptance and were approved by the board.

Lumina Gold Corp. (TSXV: LUM, OTCQX: LMGDF) announced the granting of incentive stock options to directors, officers, employees, and consultants amounting to 9,255,000 common shares, exercisable at $0.405 per share, expiring on November 18, 2027. The majority of options will vest over two years. Additionally, Lumina renewed its agreement with First Globe Capital International Inc. for another year, compensating them with the options mentioned. First Globe is focused on providing institutional fundraising and advisory services.

Lumina Gold Corp. has announced the final results from its 2021-2022 drilling campaign at the Cangrejos Project, with significant findings at the Gran Bestia deposit. Highlights include:

• C22-235: 0.91 g/t gold equivalent over 282 metres from 156 metres
• C22-239: 0.79 g/t gold equivalent over 454 metres from surface
• C22-G10: 0.83 g/t gold equivalent over 450 metres from surface, including a 118-metre interval at 1.59 g/t gold equivalent.

The results support resource estimation for a Prefeasibility Study, enhancing the potential for increased mineral resources and reduced stripping ratios.

Lumina Gold Corp. announced the completion of its 2021/2022 drill campaign at the Cangrejos Project, totaling 36,027 metres across 107 drill holes, with promising results reported from 25 holes. Key findings include significant gold equivalent intersections, such as 0.76 g/t over 287 metres at Gran Bestia and 1.23 g/t over 36 metres at Cangrejos, indicating potential for resource increase. The Pre-Feasibility Study is on track for Q2 2023, focusing on resource estimation and metallurgical testing. Overall, drilling results leave mineralization open in all directions, suggesting further exploration potential.

Lumina Gold Corp. released significant drill results from its Cangrejos project in Ecuador, including hole C22-200 from Gran Bestia, which showed 0.70 g/t gold equivalent over 144 metres. This result extends the Gran Bestia breccia's higher-grade mineralization and is notably higher than the PEA resource estimates. Similarly, hole C22-199 at Cangrejos revealed 0.96 g/t gold equivalent over 88 metres, also exceeding prior estimates. The company has completed 88 drill holes to date and expects to finish resource drilling by the end of August 2022.

Lumina Gold Corp. (OTCQX: LMGDF) has announced an unsecured credit facility of C$10 million with its largest shareholder, Ross Beaty, to finance drilling costs and a Pre-feasibility Study for the Cangrejos project in Ecuador. The facility carries an interest rate of 10% and matures by July 2023 or upon raising C$15 million in equity financing. The company plans to issue 3 million bonus warrants to Beaty, with a C$0.38 exercise price. The ongoing drilling campaign has completed substantial work with more planned, aiming for a Q2 2023 update.

Lumina Gold Corp. has announced significant results from its drilling program at the Cangrejos project in Ecuador, highlighting hole C22-187 at Gran Bestia, which reported 0.82 g/t gold equivalent over 336 metres from surface. This includes impressive intervals of 1.12 g/t over 60 metres and 1.68 g/t over 12 metres, extending the higher-grade breccia area. Additionally, Lumina is increasing its drill program by 4,000 to 6,750 metres to further define resources and enhance the strip ratio. To date, 83 holes totaling 27,000 metres have been drilled, showing promising mineralization across the project.

Lumina Gold Corp. (LMGDF) announced significant drilling results from its Cangrejos project in Ecuador. Hole C22-179 recorded the highest grade gold intercept in the project's history, with 10 meters grading 19.33 g/t gold. Additional exploration at Gran Bestia revealed a 280.6m intercept from surface grading 0.84 g/t gold. The drilling program included 66 completed holes and ongoing resource delineation. The results suggest potential for increased mineralization, particularly as the program expands into previously unmodelled areas.

Lumina Gold Corp. announced positive results from its Cangrejos project in Ecuador, showcasing significant drill hole findings. Hole C22-167 revealed 1.17 g/t gold equivalent over 134 metres from surface, extending a higher-grade breccia area. Hole C22-160 indicated mineralization extended laterally 180 metres outside the PEA pit. These findings suggest the potential for increased mineral resources and a reconfiguration of the Gran Bestia pit, enhancing future economic studies. Currently, 36 drill holes have been completed with ongoing drilling expected to refine understanding of the mineralization.