C2C Gold Corporation Inc.

C2C Gold Corporation Inc.

November 23, 2006 09:00 ET

C2C Inc.: Private Placement

MONTREAL, QUEBEC--(CCNMatthews - Nov. 23, 2006) - C2C Inc. (TSX VENTURE:CCN) is pleased to announce that it has completed a first tranche of a private placement for a total of $1,045,000. The proceeds from this offering will be used to fund the acquisition of precious metals properties and for general working capital purposes.

In connection with this first tranche, C2C has issued a total of 10,450,000 units at a price of $0.10 per unit. Each unit consists of one common share and one common share purchase warrant entitling the holder thereof to acquire one additional common share of C2C at an exercise price of $0.15 per share until November 20, 2008.

In connection with the private placement, Union Securities Inc. and the Selling Firms retained by Union Securities Inc. have received a cash payment equal to 10% of the gross proceeds raised from the distribution of units plus Broker units to purchase a maximum of 1,045,000 units at a price of $0.10 per unit for a period of 24 months from the date of closing of the offering.

The securities issued under this private placement are subject to a four-month hold period expiring on March 21, 2007. C2C anticipates closing a second tranche of this private placement before the end of November.

Appointment of directors

C2C also announces that Paul St-Louis and Dominique Turcotte will be joining its board of directors in replacement of Gilles Trudel and Luc Paquet.

The appointment of these two directors remains subject to the TSX Venture Exchange acceptance.

Investor Relation Services

C2C is pleased to announce that is has entered into an Investor Relation Services Agreement with LDB Partnenaires inc. Pursuant to such agreement, LBJ Partenaires inc. will provide investor relation services for a initial term of 12 months and will receive a monthly remuneration of $8,000. In partial consideration for the services to be rendered by LBJ Partenaires inc., C2C has also granted to LBJ Partenaires inc., pursuant to C2C's stock option plan, options to purchase 500,000 common shares of C2C at a price of $0.29 for a period of five years.

Grant of Options

C2C has also granted pursuant to its stock option plan, options to three directors entitling them to subscribe a total of 600,000 common shares at a price of $0.29 for a period of five years.

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

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