C2C Gold Corporation Inc.

C2C Gold Corporation Inc.

April 22, 2008 09:11 ET

Update on the Paraiso-Pambil Mine: C2C Intends to Close the Acquisition

QUEBEC CITY, QUEBEC--(Marketwire - April 22, 2008) - C2C Gold Corporation Inc. C2C (TSX VENTURE:CCN) informs its investors about the impact of the Mining Mandate adopted by Ecuador's Constituent Assembly last Friday on the Company's mining activities in Ecuador. As a matter of fact the Bella Rica mining concession is operated by a Cooperative of active miners of which Mr David Andres Machuca Granda, the holder of the Paraiso-Pambil mine, is a member and, as of the date hereof, all the mining activities on the Concession including the Paraiso-Pambil mine are carried on as usual through the Cooperative giving work to over 5000 peoples. At the moment, C2C is taking all the necessary steps in order to close the acquisition of 50% of the Paraiso-Pambil mine. The resources of the Paraiso-Pambil Mine were reported to be over 100 000 ounces of gold according to Golder's NC 43-101 report, most of these resources are concentrated in the main vein actually being mined (5 more parallel veins are known to exist but not explored yet).

For the exploration projects, the 2 properties (Patricia and Cerro de Oro) to be optioned from Mr Machuca, will probably have to be acquired directly from the Authorities. Mr Machuca, also informs the Company that other properties with the same or higher potential will probably be available from the Ecuadorian Government in the next few months as the renewed mining law will be adopted and enforced.

Cautionary Note and Forward-looking Statements

This press release contains certain forward-looking statements with respect to the Company. These forward-looking statements, by their nature, necessarily involve risks and uncertainties that could cause actual results to differ materially from those contemplated by these forward-looking statements. The Company considers the assumptions on which these forward-looking statements are based to be reasonable, but cautions the reader that these assumptions regarding future events, many of which are beyond its control, may ultimately prove to be incorrect since they are subject to risks and uncertainties that affect the Company. For additional information with respect to these and other factors, see the Company's quaterly and annual filings with the Canadian Securities commissions. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than required by law.

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

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