C2C Gold Corp. announced it has entered into an option agreement for 100% of the Golden Nugget Property, located on New World Island in Canada's Newfoundland. This Project lies immediately adjacent to the Company's Dunnage Project which includes an outcropping quartz vein containing visible gold, arsenopyrite and stibnite returned 120 g/t gold (C2C NR Sept.

12, 2022). The Golden Nugget Property comprises 9 mineral licenses covering approximately 20 km2, and is located approximately 90 km north of Gander, NL. This acquisition is in keeping with C2C Gold's strategy to acquire advanced drill ready projects while evaluating and advancing key projects from within the Company's significant land holdings.

Golden Nugget Project Highlights. The Big Oz showing - 29.2 g/t gold over 2.5m, including 87.0 g/t gold over 0.8m, and 27.9 g/t gold over 1.22m; The Gina showing - 49.0 g/t gold Over 0.3 m, and 18.8 g/t gold over 0.,3 m; The Red Fox Showing - a visible gold discovery in a strongly altered and silicified dyke within the Dunnage Melange;. Airborne geophysics completed in 2022, with analysis reports by GoldSpot Discoveries;.

Extensive prospecting, geological and structural analysis, with rock and soil sampling campaigns by prior operators have identified a number of drill ready targets, including at least five separate occurrences of visible gold. The Golden Nugget Project is within a 30 km belt along a major structural corridor in northeastern Notre Dame Bay. Based on mineralization and lithologies, two different trends have been defined by Rubicon Minerals Corporation: The New World Trend (NWT): This is a 15 km long structural-stratigraphic contact zone between siliciclastic turbidites (Caradocian and Badger Group) and the Dunnage Melange.

The NWT is exposed along the southern shore of New World Island and in small islands within Dildo Run. Mineralization is often found as arsenopyrite, pyrite, and gold, related to alteration of felsic dykes, sedimentary and mafic rocks. Also, pyrite, arsenopyrite, and visible gold are found within quartz-carbonate veins, which cut sedimentary and mafic rocks.