ADVANCING GOLD-COPPER EXPLORATION IN ECUADOR

CondorCangrejos

T S X . V : LUMUS OTC : LUMAF

JULY 2018

TSX-V: LUM | 2

Forward-looking statements relate to future events or the anticipated performance of the Company and reflect management’s expectations or beliefs regarding suchfuture events and anticipated performance. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “isexpected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “believes”, or variations of such words and phrases or statements that certainactions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”, or the negative of these words or comparable terminology. Bytheir very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual performance of theCompany to be materially different from any anticipated performance expressed or implied by the forward-looking statements.

Important factors that could cause actual results to differ from these forward-looking statements include risks related to failure to define mineral resources, convertingestimated mineral resources to reserves, the grade and recovery of ore which is mined varying from estimates, future prices of gold and other commodities, capital andoperating costs varying significantly from estimates, political risks arising from operating in Ecuador, uncertainties relating to the availability and costs and availability offinancing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects,conclusions of economic evaluations, changes in project parameters as plans continue to be refined, uninsured risks and other risks involved in the mineral explorationand development industry.

Although the Company has attempted to identify important factors that could cause actual performance to differ materially from that described in forward-lookingstatements, there may be other factors that cause its performance not to be as anticipated. There can be no assurance that forward-looking statements will prove tobe accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue relianceon forward-looking statements. These forward-looking statements are made as of the date of this presentation and the Company does not intend, and does notassume any obligation, to update these forward-looking statements.

FORWARD LOOKING STATEMENT

† Qualified Persons (“QP”) as defined by National Instrument 43-101 (NI 43-101)

Rob Sim, P.Geo., is the QP responsible for the Cangrejos and Condor mineral resource.

Leo Hathaway, P.Geo., and Senior Vice President for Lumina Gold Corp, is a QP and has verified the data disclosed in this presentation, including sampling, analytical, and testdata underlying the information disclosure.

TSX-V: LUM | 3

▪ 1.4 Moz Au Indicated and 2.5 Moz Au Inferred

▪ 43 Mlb Cu Indicated and 260 Mlb Cu Inferred

▪ Exploration on multiple zones planned for 2018

LUMINA GOLD – INVESTMENT HIGHLIGHTS

Cangrejos

Condor

Early Stage

Concessions

▪ 16 year mine life; average payable production of 373 koz gold and 43 Mlbs copper

▪ Post-tax NPV5% of US$876 million; post-tax IRR of 14.4% at US$1,300/oz

▪ 8.5 Moz Au and 1.0 Blbs Cu Inferred

▪ Continuing current infill, step-out and depth extension drilling program to further delineate open areas to the south, north, west and at depth

▪ Earn-in agreements with First Quantum and Anglo American

▪ First Quantum – US$38.5M over 5-years to earn-in on Orquideas and Cascas

▪ Anglo American – US$57.3M over 7-years to earn-in on Pegasus A&B concessions

▪ Lumina Gold is currently the second largest concession holder within Ecuador

▪ Control a total of 44 concessions comprising ~135 thousand hectares

Advance and

Expand

Explore and

Enhance

Advance Earn-in

Agreements and

Explore Other

Properties

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CREATING TWO EXPLORATION & DEVELOPMENT COMPANIES

Cangrejos Project (100%)

• Drill untested areas to the west, north, south and at depth

• Advance towards a Pre-Feasibility Study

• Look to monetize the asset in the medium-term

TSXV: LUM

Condor Project (90%)

Continue exploration at key areas, move Santa Barbara towards PEA

Committing a combined US$96 million over 7-yearsat 4 early stage properties

100% owned exploration concessions

TSXV: LR(2)

▪ On July 9, 2018, Lumina Gold announced the spin-out and creation of Luminex Resources

▪ Lumina Gold shareholders will receive 1 new Lumina share and 0.15 Luminex shares upon completion(1)

(1) Subject to a shareholder vote, targeting an effective completion date of August 31, 2018. Following the completion of the Arrangement, Luminex will have approximately 41.1 million basic shares outstanding based on Lumina’s current share structure. (2) Pending TSXV approval.

TSX-V: LUM | 5

1 Year Closing Price ChartJULY 2018

TSX Venture Exchange LUM

Issued & Outstanding [July 26/18] 273.8 Million

Fully Diluted [July 26/18] 284.9 Million

Market Cap [July 26/18, C$0.79 per share] C$216 Million

Cash [Mar 31/18] US$9.7 Million

52 week trading range $0.60 – $0.85

Management and Insiders ControlRoss Beaty controls 15.7%

27.2%

Research Coverage: Haywood Securities Buy / C$1.50

LUMINA GOLD – CORPORATE OVERVIEW

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280,000

420,000

560,000

700,000

$0.40

$0.50

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$0.90

VolumePrice

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ECUADOR – SPECIFIC MINING INVESTMENT PROGRESS

2014•Wood Mackenzie recommended mining code reforms to make Ecuador more competitive for investment

2015

•Government established the Ministry of Mines of Ecuador, signaling its further commitment to dedicate resources to promote the mining industry

• Improved environmental permitting; reducing processing authorizations to 6 months

• Construction begins at Mirador copper project

2016

•Government reaches agreement on Exploitation Terms & Conditions with Lundin Gold to build Fruta del Norte and signs Investment Protection Agreement

• Ecuador makes new concessions available via Mining Auction Process, ending the moratorium initiated in 2008 – Lumina is awarded 32 highly prospective concessions

2017

•New President Lenin Moreno expresses strong support for formal mining

•Mining Ministry leadership stays on through transition period

• Further positive change to the tax regime and mining laws are anticipated

•Construction commences at Rio Blanco project

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Advanced Projects

▪ Cangrejos, 6,374 ha

▪ Condor, 10,101 ha

▪ Including Santa Elena and Escondida

First Quantum Earn-in

▪ 2 concession packages, 14,741 ha

▪ Orquideas (4,743 ha)

▪ Cascas (9,998 ha)

Anglo American Earn-in

▪ Pegasus A and B packages, 67,360 ha

The Macuchi VMS Belt

▪ Palma Real (19,775 ha)

Condor Cordillera Copper-Gold Belt

▪ 5 concession packages, 17,058 ha▪ Tarqui (4,817 ha)

▪ Quimi (2,732 ha)

▪ Yawi (1,494 ha)

▪ La Canela (3,187 ha)

▪ Tres Picachos (4,828 ha)

LUMINA GOLD ECUADOR CONCESSION OVERVIEW

LEGENDLumina - Advanced Projects

Lumina - Exploration Projects

Lumina - PartnerEarn-in - Exploration Projects

Other Projects - Companies

Deposit Under Construction

Palma Real

Pegasus A

Pegasus B

Tarqui

Quimi

Escondida

Santa Elena

Yawi

La Canela

Tres Picachos

CONDOR PROJECT

CANGREJOS PROJECT

Cascas

Orquideas

Fruta Del NorteLundin Gold

MiradorEcuaCorriente

Rio BlancoJunefield Ecuador

Loma LargaINV Metals

CuripambaSalazar - Adventus

MacuchiMinera Minchoa

La PlataToachi Mining

CascabelSol Gold

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▪ Originally a joint venture with Newmont, Odin and a private partner▪ 1999 - 2000: 27 holes / ~7,200 m of drilling (Newmont JV)▪ 2011 - 2012: 17 holes / 4,698 m of drilling (Odin Mining)▪ 2014 - 2017: 24 holes / 10,694 m of drilling (Current Lumina Management)

▪ Close to a commercial port – 40 km to Puerto Bolivar and 30 km to Machala, provincial capital

▪ Close to a paved highway – 8 km from Cangrejos camp and core facility

▪ Low elevation project – ~1,370 m above sea level is the high point

▪ Access to power – Power to camp from Ecuador’s national grid▪ Ample, inexpensive hydro power available

▪ Amicable ongoing relations with local communities▪ Closest community, Valle Hermoso is 7 km from camp by road

CANGREJOS – OVERVIEW & HISTORY

Cangrejos

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▪ Based on drilling up until November, 2017▪ Porphyry Au-Cu style mineralization hosted in breccias and diorite porphyry and associated with potassic alteration

▪ Higher gold values usually correlate with finely disseminated chalcopyrite/bornite

CANGREJOS – JUNE 2018 INFERRED MINERAL RESOURCE

Cut-Off AuEq* (g/t)

Million Tonnes

Average Grade Contained Metals

AuEq(g/t)

Au(g/t)

Cu(%)

Ag(g/t)

Mo(ppm)

Au(Moz)

Cu(Mlb)

Ag(Moz)

Mo(Mlb)

0.25 440.1 0.81 0.62 0.11 0.6 24.0 8.8 1,054 8.2 23.3

0.35 408.0 0.85 0.65 0.11 0.6 25.0 8.5 1,033 7.8 22.5

0.45 369.5 0.90 0.69 0.12 0.6 25.8 8.1 985 7.1 21.0

0.55 320.8 0.96 0.73 0.13 0.6 26.7 7.5 919 6.5 18.9

*Gold equivalent values were calculated using the following prices: for gold a price of US$1,400 per ounce, for copper a price of US$3.25 per pound, for molybdenum a price ofUS$10.00 per pound and for silver a price of US$17.00 per ounce. Gold equivalent values can be calculated using the following formula: AuEq = Au g/t + (Ag g/t x 0.0122) + (Cu % x1.592) + (Mo ppm / 10,000 x 4.898). Economic pit shell incorporates metallurgical recoveries and 45 degree pit slopes.

Resource QP: Rob Sim, P.Geo., as defined by NI 43-101

Inferred Mineral Resource Estimate Sensitivity to Cut-Off Grade

Inferred Mineral Resource Estimate (0.35 g/t Au Eq Cut-off)

TypeMillion Tonnes

Average Grade Contained Metals

AuEq(g/t)

Au(g/t)

Cu(%)

Ag(g/t)

Mo(ppm)

Au(Moz)

Cu(Mlb)

Ag(Moz)

Mo(Mlb)

Oxide Material 17.7 0.77 0.61 0.09 0.6 21.9 0.3 35 0.4 0.9

Sulphide Material 390.2 0.86 0.65 0.12 0.6 25.1 8.2 998 7.4 21.6

Total 408.0 0.85 0.65 0.11 0.6 25.0 8.5 1,033 7.8 22.5

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CANGREJOS – JUNE 2018 PEA SUMMARY

Production Processed Grades Cash Costs (US$/oz)

Net Present Value (US$M)Internal Rate of Return (%)LOM Capital (US$M)

270

25

421

51

373

43

Gold (koz) Copper (Mlbs)

Yrs 1-5 Yrs 6-16 LOM

0.79

0.11

0.67

0.12

0.69

0.12

Gold (g/t) Copper (%)

Yrs 1-5 Yrs 6-16 LOM

$523

$706

$569

$741

Net Cash Costs Au Eq Cash Costs

C1 Costs AISC

$1,549

$876

$2,124

$1,283

Pre-Tax Post Tax

$1,300 Au, $3.25 Cu

$1,430 Au, $3.58 Cu

19.2%

14.4%

23.3%

18.1%

Pre-Tax Post Tax

$1,300 Au, $3.25 Cu

$1,430 Au, $3.58 Cu

$831

$406 $271

Initial -

40 ktpd

Expansion -

80 ktpd

Sustaining

and Net

Closure

Cangrejos is a large scale robust project that is expected to have a 16 year mine life

Note: By-products and equivalents calculated using $1,300 per ounce gold, $3.25 per pound copper, $11.00 per pound molybdenum and $19.00 per ounce silver.

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CANGREJOS – PROJECT DETAILS & SITE PLAN

▪ Large-scale open pit mining using a 100% owner operated equipment fleet

▪ The process flow sheet consists of:

▪ Primary crusher adjacent to the pit

▪ An overland conveyor to the plant

▪ SAG and ball mills

▪ Gravity gold concentrators, copper and molybdenum concentration circuits

▪ Thickening and filtering for flotation tailings

▪ Conveyor to the dry stack tailings facility

▪ Waste Rock Storage Facility will hold nearly 380 Mt of waste rock

▪ Dry Stack Tailings Facility will hold nearly 340 Mt of tailings

▪ Connected power requirement of 155MW is projected to be available on the Ecuadorian power grid

▪ It is projected that there will be adequate water from on-site or nearby water sources, even in drought conditions

Ultimate Pit and Site Layout1km

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▪ Only 32 active primary gold development projects that can produce >250koz Au

▪ Cangrejos is the 5th largest global development project controlled by an independent developer

CANGREJOS – UNIQUE PROJECT SCALE

373

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Held By Large or Mid-tier Producer Independent Developer

Source: Metals Economic Group as of June 2018

Annual Production Capacity (koz Au)

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CANGREJOS – COMPARABLE PROJECTS

Mine Life and Capital Cost per LOM OunceAverage Production and AISC

Volta Grande

Back River

Stibnyte

Eagle

Toroparu

Springpole

Amulsar

Windfall

Loma Larga

Fruta Del Norte

Cangrejos

8

10

12

14

16

18

$100 $150 $200 $250 $300 $350M

ine

Lif

e (

Ye

ars

)

US$ of Capital (1) / Au Ounce of Life of Mine Production

(1) Initial Capital, Expansion Capital, Sustaining Capital and Closure Costs

Volta GrandeBack River

Stibnyte

Eagle

Toroparu

Springpole

AmulsarWindfall

Loma Larga

Fruta Del Norte

Cangrejos

100

175

250

325

400

$400 $600 $800 $1,000

Avg

Au

Pro

du

cti

on

(k

oz)

All-in Net Sustaining Cost (US$/oz)

Cangrejos benchmarks well against other independent developers as a long life, low cost asset

Greenfield Development Comparables Ecuadorian Greenfield Comparables

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CANGREJOS – DEPOSIT REMAINS OPEN

C17-56, 57, 58, 69 and 70 allowed for a deeper pit-constrained shell; additional deep drilling could

continue to expand the existing resource

Remains open to the north, south, west and at depth; newly granted C20 surface access will allow new

drilling to the western side of Cangrejos

Open Open

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CANGREJOS – DISTRICT EXPLORATION UPSIDE

C2

0 B

ou

nd

ary

C20 surface access that was granted in December will allow for drilling to the west in 2018

#s = Lumina 2017 Drill highlights

All Holes West of C20 were drilled by Newmont

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Gran Bestia:

▪ 1 km from the main Cangrejos deposit

▪ Minimal drilling, 5 holes by Newmont

▪ Mineralization remains open in all directions

▪ Hole C99-06: 0.91g/t Au, 0.16% Cu

over 208.48 m (entire hole)

Other Prospects:

▪ 5+ undrilled high priority targets

requiring follow up

CANGREJOS – GRAN BESTIA & OTHER PROSPECTS

0.37g/t Au

80m

Open at depth

0.91g/t Au

208.45m

0.55g/t Au

319.14m

Surface Topography

Mineralized Core Section

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▪ 35 km from Provincial capital of Zamora, Zamora-Chinchipe Province

▪ 30 km south of Fruta Del Norte project (9.5 Moz Au)

▪ 55 km south of Ecuacorriente's Mirador Project (4 Moz Au, 8.6 Blbs Cu)

▪ Access via paved and gravel roads

▪ Camps and secure core facility on property

▪ Constructive ongoing relations with local communities

▪ 90%* owned by Lumina, 10% owned by the pension fund for Ecuador’s armed forces personnel

CONDOR – LOCATION AND INFRASTRUCTURE

Condor

*Lumina’s level of ownership on the Condor

concessions varies between 90% and 100%; 6,900 ha

of the 10,101 ha are 90% owned by Lumina

Condor

Fruta del Norte

Mirador

PERUECUADOR

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CONDOR – PROJECT HIGHLIGHTS

▪ Total gold resources of 1.4 Moz Indicated and 2.5 MozInferred, with deposits not yet fully defined

▪ Current claims total 10,101 hectares

▪ An estimated US$40M has been spent on the project from 1993 – 2016 on drilling, trenching, geochemical, geophysical and geological surveys

▪ Previous owners: TVX, Ecometals and Ecuador Gold and Copper

▪ 395 drill holes and 99,384m of drilling, defining four deposits and outlining various high priority target areas

Mirador

Santa Barbara

Fruta del Norte

Condor

ECUADOR

PERU

(in construction)

(in construction)

(exploration)

(exploration)

Porphyry Cu-Au8.6 Blbs Cu, 4 Moz Au

Epithermal Au9.5 Moz Au

Epithermal Au1.6 Moz Au

Porphyry Au-Cu2.3 Moz Au

Granodiorite / Tonalite

Porphyry

Subvolcanic Intrusions

Volcanics

Sediments

Faults

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CONDOR – DEPOSIT AREA AND SHOWINGS

Condor Project NI 43-101 Resource Summary (100% Basis)

DepositTonnage Grade Contained Metal

(Mt)Au

(g/t)Ag

(g/t)Cu(%)

Au (Moz)

Ag(Moz)

Cu(Mlbs)

Indicated

Santa Barbara 13.3 0.63 0.7 0.09 0.3 0.3 27

Soledad 11.6 0.72 5.3 0.01 0.3 2.0 3

Los Cuyes 38.6 0.68 5.5 0.02 0.8 6.9 13

Enma 0.4 0.76 11.9 0.01 0.01 0.1 0.1

Total Indicated 63.8 0.68 4.5 0.03 1.4 9.2 43

Inferred

Santa Barbara 119.0 0.52 0.9 0.10 2.0 3.5 255

Soledad 2.8 0.54 3.1 0.01 0.0 0.3 1

Los Cuyes 22.7 0.65 5.7 0.01 0.5 4.1 4

Enma 0.03 1.12 10.4 0.01 0.001 0.01 0.01

Total Inferred 144.5 0.54 1.7 0.08 2.5 7.9 260

• Effective date of April 5, 2018.

• Resources have been calculated using a 0.35 g/t Au Eq cut-off grade. Metal prices used: US$1,400 per ounce gold, US$3.25 per pound copper and US$17 per ounce silver.

• Resource QP: Rob Sim, P.Geo., as defined by NI 43-101

SOLEDAD

El HitoSANTA

BARBARA

LOS CUYES

Chinapintza

Tres

Cerritos

Wuanwitza

Alto

Prometedor

Napintza

ENMA

ECUADOR

PERU

Lumina Gold Concessions

Deposits (with resources)

Targets

Wuanwitza Bajo

Camp Zone

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CONDOR – EXPLORATION & OPTIONALITY

Mineralization > 0.35 g/t AuEq extends below

the resource pit shell; open in multiple directions

Lumina is working to expand the shallow open pittable resource at Santa Barbara

Santa Barbara, Prometedor and Camp Zone will be the

focus of exploration efforts through 2018

Add

legendExploration Targets

2.5km

Existing Resource

Indicated

Inferred

Santa Barbara

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SANTA BARBARA – EXPLORATION TARGET

▪ IP Chargeability High – possibly correlates with the pyritic halo of a porphyry

intrusion

▪ Gold soil anomalies in areas underlain by andesites and diorite. No anomalies

in areas underlain by sediments

Exploration Targets:

▪ Eastern edge of the Santa Barbara IP anomaly

▪ Southwestern IP anomaly – possible skarn-style mineralization

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FIRST QUANTUM EARN-IN OVERVIEW

▪ On October 26, 2017 Lumina Gold announced a non-binding earn-in agreement with First Quantum

▪ Working to complete a definitive agreement

▪ US$38.5M between 2018 and 2023

▪ US$31.5M work commitment on Cascas and Orquideas over the five years

▪ US$7M of staged cash payments with the final payment in 2023

▪ First Quantum can accelerate the work and payments at their election

▪ Post completion of the spending First Quantum will own 51%

▪ Increases to 70% if First Quantum funds the project to construction

▪ Binding agreement finalized in June 2018

LEGEND

Lumina Gold

First Quantum –Lumina Gold

Los CuyesSoledad

Enma

Santa Barbara

OrquideasClaim –Drilling

planned for 2018

CascasClaims

CondorClaims

Cu-Mo

Cu-Mo

TSX-V: LUM | 23

EXPLORATION PROJECTS - ORQUIDEAS

Cu-Mo-Ag ± Au porphyry system

▪ Southern continuation of prolific Zamora Cu-Au Belt

▪ Structurally controlled porphyry Cu-Mo-Ag system

▪ 5 km x 1.5 km coincident Cu-Mo anomaly

▪ Molybdenum up to 0.63% in rock samples

▪ Peripheral high grade gold/base metal veins

Legend

Artisanal Gold Mine

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EXPLORATION PROJECTS - CASCAS

Cu-Mo-Au porphyry system

▪ Southern continuation of prolific Zamora Cu-Au Belt

▪ Two phase system Cu-Mo and Au

▪ 5 km x 2.5 km coincident Cu-Mo anomaly

▪ 3 km x 2.5 km coincident Au-As anomaly

Legend

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ANGLO AMERICAN EARN-IN OVERVIEW

▪ On March 26, 2018 Lumina Gold announced a non-binding earn-in agreement with Anglo American

▪ Working to complete a definitive agreement

▪ US$57.3M between 2018 and 2024

▪ US$50M work commitment on Pegasus A and B over the seven years

▪ US$7.3M of staged cash payments, with US$1.3M upon signing of definitive agreement

▪ Anglo American can accelerate the work and payments at their election

▪ Post completion of the spending Anglo American will own 60%

▪ Increases to 70% if Anglo American funds the project to construction

▪ Lumina working on definitive agreement, with a second half of 2018 completion target

Anglo American –Lumina Gold

Non Lumina Claims

LEGEND

CuripambaSalazar - Adventus

Pegasus A

Pegasus B

MacuchiMinera Minchoa S.A

TSX-V: LUM | 26

EXPLORATION PROJECTS - PEGASUS A

Au, VHMS and Porphyry Cu-Mo targets

▪ Highly prospective land package -67,360 ha, including Pegasus B

▪ The geologic belt hosts La Plata, Macuchi and Curipamba VMS deposits

▪ Identified bedrock Au mineralization at La Envidia (northern area of Pegasus A) and juxtaposed porphyry Cu-Mo stocks

▪ ~1,000 rock samples and ~600 silt samples taken at Pegasus A

▪ Plan to fly airborne magnetics later in 2018

TSX-V: LUM | 27

Strategy and Management▪ A team with a consistent history of exploring, discovering, de-risking and monetizing assets

▪ A pipeline of assets that will return value to shareholders

▪ Spin-out of Luminex Resources, which will illuminate the value of the early stage assets

▪ Highly aligned management team with 27% ownership

Cangrejos▪ PEA provides a clear baseline value for Cangrejos

▪ Large scale project that aligns with major gold producers acquisition criteria

▪ Drilling in new areas that will allow for resource growth through 2018

Condor▪ Substantial existing resource with large optionality in a higher gold price environment

▪ Numerous exploration targets on the property identified by recent work program

Early Stage Concessions▪ Advancing Pegasus A&B, Orquideas and Cascas in a non-dilutive way to shareholders

▪ Working to generate additional gold and copper focused exploration targets

REASONS TO INVEST IN LUMINA GOLD

TSX-V: LUM | 28

APPENDIX

Condor

Cangrejos

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THE LUMINA GROUP TRACK RECORD

Sold For C$415M in 2008Relincho Project – Chile

Bought by Teck

Sold For C$470M in 2014Taca Taca Project – Argentina

Bought by First Quantum

Sold For US$137M in 2006Regalito Project – Chile

Bought by Pan Pacific Copper

Sold For C$455M in 2007Galeno Project – Peru

Bought by China Minmetals / Jiangxi Copper

Sold For US$66M in 2011Portfolio of Royalties

Bought by Franco Nevada

Sold For C$26M in 2006Casino Project – Canada

Bought by Western Copper

Sold For C$50M in 2017Coringa & Mayaniquel Projects – Brazil & Guatemala

Bought by Trek Mining (Equinox Gold)

Current Market Cap: ~C$200MCangrejos Project – Ecuador

Current Market Cap: TBDCondor Project and

Exploration Properties – Ecuador

TSX-V: LUM | 30

LUMINA GOLD CORPORATE HISTORY

Financing History Property Acquisition and Divestment History

2014

2016

2017

2018

▪ US$5M at US$0.052

▪ C$20M at C$0.70

▪ C$20M at C$0.62

▪ C$7M at C$0.72

2016

2017

2018

▪ Acquired C20, the 2nd half of the Cangrejos deposit and additional concessions in the Government auction

▪ Acquired Condor through the acquisition of Ecuador Gold and Copper

▪ Acquired an additional 41 thousand hectares of concessions in the Government auction

▪ Announced the spin-out of Condor and the exploration concessions into Luminex Resources

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EXPERIENCED BOARD AND MANAGEMENT

DIRECTORS

Lyle Braaten 25+ years experience practicing law in Vancouver, currently President & CEO of Miedzi Copper Corp.

Heye Daun20+ years experience mine engineer with top-tier mining companies. Outgoing President & CEO of Ecuador Gold and Copper Corp

Marshall Koval35+ years experience in executive and corporate development, finance, engineering, geology and environmental expertise

Donald Shumka40+ years experience in corporate finance and business. Harvard University Business Administration graduate.Former President & Managing Director of Walden Management Ltd.

Michael Steinmann20+ years experience as a geologist in the exploration and mining industry with a PhD from the Swiss Federal Institute of Technology. Currently President & CEO of Pan American Silver Corp

Stephen Stow20+ years experience in the gold mining sector. Former Director of Corporate Finance, Asia for the National Westminster Bank, Hong Kong Division

SENIOR MANAGEMENT O T H E R O F F I C E S

Marshall Koval President & CEOFormer President & CEO of Anfield Gold CorpFormer VP Corporate Development Lumina Copper Corp

Leo Hathaway Senior Vice PresidentFormer Chief Geological Officer Anfield Gold CorpFormer Chief Geological Officer Lumina Copper Corp

Diego Benalcazar Senior Vice PresidentFormer President & Director Ecuadorian Chamber of MinesFormer GM & Director Swiss Holderbank Cement Group

Lyle Braaten VP Legal CounselCurrently President Miedzi Copper CorpFormer Secretary & Legal Counsel Magma Energy Corp

Scott Hicks VP Corp Development & Communications Former VP Corp Development & Communications Anfield Gold CorpFormer investment banker with RBC Capital Markets and BMO Capital Markets

Martin Rip Chief Financial OfficerFormer CFO Anfield Gold CorpFormer CFO Lumina Copper Corp

John Youle VP Corporate AffairsFormer VP Corp Affairs, Anfield Gold CorpFormer VP Corp Affairs, Lumina Copper Corp

TSX-V: LUM | 32

▪ Local road maintenance and improvement

▪ Collaborated with local municipalities on annual improvement campaigns

▪ Ongoing maintenance of access roads shared with neighboring farmers

▪ Improve and maintain safety signage along road right of way

▪ Instituted program of safely closing, marking, and capping exploration drill holes, along with environmental reclamation and rehabilitation of associated drill pads

▪ Site restoration consistent with PDAC e3 environmental and social guidelines and other international best practices

CORPORATE SOCIAL RESPONSIBILITY PROJECTS

▪ Lumina Forestry / Educational programs

▪ Native forestry species being reintroduced on Lumina Gold’s properties

▪ More than 5,000 native plants produced at Lumina’s nursery

▪ Collaborating with local schools on environmental education

▪ Introduced and organized girls’ athletic programs to promote gender equality and strengthen relations between various local communities

▪ Supporting local agriculture

▪ Partnering with government agencies

▪ Supporting community agriculture and animal husbandry programs

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ECUADOR – MINING TAX REGIME

Current Income Tax and Royalty Regime

▪ 5% NSR Royalty

▪ 15% Profit Sharing Tax – Based on EBIT, 12% state, 3% employee

▪ 22% Corporate Tax – Based on EBIT less Profit Sharing Tax, rate for exporters versus 25% for other businesses

▪ 70% Windfall Tax – Not triggered until certain price thresholds and only applicable after capital payback

Other Government Payments

▪ Patent fees based on the stage of the project and number of hectares

▪ 12% VAT tax – Refundable on expenditures incurred after Jan 2018 if Lumina generates export sales

▪ 5% withholding tax on foreign cash repatriation

Proposed Mining Tax Review

▪ The Mining Ministry is proposing to review the following:

▪ No tax for cash repatriation, when in production

▪ Windfall tax elimination

▪ Capital gains tax reduction

Constitutional requirement for Government of Ecuador to receive 50% of project benefit (NPV basis)

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MINING CONCESSION PHASES IN ECUADOR

Early Exploration

4 Years

All of Lumina’s exploration concessions

Advanced Exploration

4 Years

Cangrejos and Condor

Economic Evaluation

2 Years

Can be extended for an additional two-year period

Production

25 Year Mining Title

Renewable for a second 25 year term

For more information, please contact:

LUMINAGOLD Corp410 - 625 Howe StreetVancouver | BC | V6C 2T6Canada

TF: 1 844 896 8192 T: 1 604 646 1890F: 1 604 687 7041E: info@luminagold.comW: www.luminagold.com

T S X . V : L U M

Cangrejos

Condor