Lumina Gold Corp. Grants Equity Options and Refreshes Partnership with First Globe

VANCOUVER, BC, Nov. 22, 2024 /PRNewswire/ – Lumina Gold Corp. LUM LMGDF (referred to as “the Company” or “Lumina”) reported that it has awarded stock options and restricted share units (RSUs) to several directors, officers, employees, and consultants under its Omnibus Equity Incentive Plan. A total of 7,805,000 stock options were granted at an exercise price of $0.49 per share, set to expire on November 22, 2029. Of these, 7,680,000 options will vest in three equal portions over the first two years, while 125,000 options (termed the “First Globe Options”) will vest in four equal parts over the same period. The company also issued 3,290,000 RSUs, which will vest in equal segments over three years.

In an additional update, Lumina has extended its partnership with First Globe Capital International Inc. (“First Globe”), originally announced on December 30, 2016, for another year. Located in Vancouver, British Columbia and owned by Anish Sunderji, First Globe specializes in marketing and advisory services. To compensate First Globe, Lumina has provided the aforementioned First Globe Options and will reimburse reasonable expenses incurred while providing investor relations services. It is noteworthy that First Globe does not share any additional relationships with Lumina, nor do they own any of the Company’s securities, apart from previously granted stock options.

About Lumina Gold

Lumina Gold Corp. LUM is a Vancouver, Canada based company focused on developing precious and base metals. Its key asset is the Cangrejos Gold-Copper Project located in El Oro Province, Ecuador. In 2023, Lumina completed a Pre-Feasibility Study for Cangrejos, which is recognized as the largest primary gold deposit in Ecuador. The Company’s management team is experienced, with a history of successfully advancing and monetizing exploration projects.

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LUMINA GOLD CORP.

Signed: “Marshall Koval”

Marshall Koval, President & CEO, Director

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SOURCE Lumina Gold Corp.