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

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.