C2C Gold Corporation Inc.

C2C Gold Corporation Inc.

November 21, 2007 11:52 ET

C2C Inc. Announces a Private Placement of a Maximum of $5,000,000

QUEBEC CITY, QUEBEC--(Marketwire - Nov. 21, 2007) - C2C Inc. (TSX VENTURE:CCN) (the "Company" or "C2C") is pleased to announce that it intends to complete a non-brokered private placement of a maximum of 16,666,666 units for a total amount of $5,000,000 (the "Private Placement"). Each unit is comprised of one common share of C2C at a price of $0.30 per share and one common share purchase warrant. Each common share purshase warrant shall entitle its holder to subscribe for one common share of C2C at a price of $0.40 per share for a period of 24 months following the date of closing of the Private Placement. The units to be issued under the Private Placement will be subject to a resale restriction of four months and one day. The proceeds of the Private Placement will be used for the acquisition of properties and for general working capital of the Company. Finder's fee for a maximum of 5% of the total funds to be raised, or $250,000, will be paid to intermediaries who are not adviser or dealer registered with a securities commission.

C2C Inc. is a Quebec based mineral exploration company with active gold projects located in Quebec and southwestern Ecuador. C2C is also actively pursuing a property due diligence program and proceed with the drafting of agreements on the formation of a joint venture (the "Joint Venture") for the exploration and exploitation of the mine Bella Rica in Ecuador.

This Private Placement is conditional upon approval by regulatory authorities.

Shares outstanding: 59,689,011

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

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