C2C Gold Corporation Inc.

C2C Gold Corporation Inc.

November 28, 2007 17:11 ET

C2C is Actively Pursuing its Due Diligence for the Acquisition Paraiso-Bella-Rica Mine

QUEBEC CITY, QUEBEC--(Marketwire - Nov. 28, 2007) - C2C Inc. (TSX VENTURE:CCN) (the "Company" or "C2C") announces that it is actively pursuing its due diligence and negotiations with Mr. Andres David Machuca Granda ("Machuca") for the acquisition of the Paraiso Bella Rica mine located in Ecuador. Furthermore, the accident that occurred on November 26, 2007 on a nearby mine site has no impact on the operations of the Paraiso Bella Rica mine.

C2C signed a letter of intent on March 22, 2007 as amended on September 20, 2007 to form a joint venture with Beloro C. Ltd., under the control of Mr. Machuca. Following the signature of the letter of intent, C2C conducted a due diligence ("Due Diligence") of the legal, accounting, environmental and technical aspects of the different assets used to operate the Paraiso Bella Rica mine.

The due diligence is still ongoing and C2C is waiting for all technical and environmental analysis results which will be known late December 2007.

C2C is pleased to announce that its exploration projects in Quebec are on schedule. C2C will announce the ongoing drilling results as soon as they become available.

Regarding the financing announced on November 21, 2007, the amount of funding will be limited to 3M$ and will be conditional on the closing of the transaction for the acquisition of the Paraiso-Bella Rica mine and the approval of the competent regulatory authorities.

The TSX Venture Exchange is not responsible for the relevance or accuracy of this press release.

Contact Information