C2C Gold Corporation Inc.

C2C Gold Corporation Inc.

March 06, 2008 11:49 ET

C2C Announces the Signing of Final Agreements With Mr. Machuca

QUEBEC CITY, QUEBEC--(Marketwire - March 6, 2008) - Mr. Yves Gagnon, President and CEO of C2C Gold Corporation Inc. (TSX VENTURE:CCN) (the "Company" or "C2C") is pleased to announce that C2C has signed final agreements with Mr. David Andres Machuca Granda ("Mr. Machuca") for the acquisition of a 50% interest in the Paraiso-Pambil mine located in Ecuador. The agreements will be filed with the regulatory authorities and the parties have agreed that no further changes are to be made except those required by the regulatory authorities.

C2C is also pleased to announce that both parties have mutually agreed to a right of first refusal on all mining properties located in Ecuador that they currently or eventually will possess. Moreover, C2C and Mr. Machuca agreed on an amount of USD $30,000,000 for the option to acquire a 25% additional undivided interest in the Paraiso-Pambil mine. This option to acquire such undivided interest may be exercised by either C2C or Mr. Machuca.

The Paraiso-Pambil mine, property of Mr. Machuca generated 25 000 ounces of gold per year since 1984 at an average mill grade of 43 g/t. 1 of the 12 veins known on the Paraiso-Pambil mine has been exploited. C2C intends to put in place an intensive drilling program on the Paraiso-Pambil mine.

C2C Gold Corporation Inc. is a Quebec base mineral exploration company with properties located in Quebec and in the South West of Ecuador.

Shares outstanding : 61 127 344

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

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