GlobeNewswire Inc | Nov 17, 2021 07:00AM EST

November 17, 2021

VANCOUVER, British Columbia, Nov. 17, 2021 (GLOBE NEWSWIRE) -- C2C Gold Corp. (CSE:CTOC; OTCQB:CTCGF) (the Company or C2C) is pleased to announce effective November 15th, Ms. Jeananne Hauswald has joined the Board of Directors for C2C Gold Corp, a gold exploration company focused on projects within the Central Newfoundland Gold Belt.

Jeananne Hauswald, DirectorMs. Hauswald is the Managing Partner of Solo Management Group and has more than 25 years experience in the investment management, corporate finance, strategic planning and human resource fields. She presently serves as a Director and Audit Committee member at Group 11 Technologies Inc. and previously served as a Director of Constellation Brands and Thomas and Betts, Inc., both NYSE-listed companies, and was Chairman of the Audit and Human Resource Committees at each company. She also previously served as Vice President and Treasurer of the Seagram Company.

Prior to joining Seagram, Jeananne spent 15 years at the Celanese Corporation as Assistant Treasurer. Jeanannes early work experience includes banking at Morgan Guaranty Trust Company and strategic planning at International Paper Company and Shell Oil. Ms. Hauswald received her MBA in finance from New York University and graduated with a BS in Chemistry from Iowa State University.

In connection with the appointment, the Company has granted 200,000 stock options at an exercise price of $0.28 per share. Vesting of the stock options will occur over a twenty-four month period, with 25% vesting six months following the date of grant, and an additional 25% vesting every six months thereafter. The stock options will expire three years from the date of grant.

C2C Gold thanks former Director Patricia Wilson for her service to the Company and wishes her well in her future endeavors.

The Company also congratulates Executive Chair, Janet Lee-Sheriff who was recently featured in Ernst & Youngss and Women in Mining Canadas Leading Women in Mining. To watch the interview please visit: Leading Women in Mining Video Role Model Series | EY Canada.

About C2C GoldCorp.C2C is a Canadian mineral exploration company focused on acquiring and developing mineral projects in Newfoundland, Canada. The Company controls 1,261 km2, one of the largest land positions on the Central Newfoundland Gold Belt, including the Badger, Millertown, Barrens Lake, South Tally, and Lake Douglas projects with road access and proximity to communities and power lines. Exploration activity continues across the Companys land package. C2C also holds a portfolio of projects within the prolific White Gold and Klondike districts in Canadas Yukon.

For additionalinformation:Lori Walton, Chief Executive Officer (833) 888-2862info@c2cgold.comwww.c2cgold.com

NeithertheCanadianSecuritiesExchangenoritsMarketRegulator(asthattermisdefinedinpoliciesoftheCanadianSecuritiesExchange)acceptsresponsibilityfor theadequacyor accuracyofthis release.

Forward Looking StatementsThis news release may include forward-looking statements that are subject to risks and uncertainties and can be identified by the use of forward-looking terminology such as expected, will be, anticipated, may or variations of such words and phrases or statements that certain actions, events or results will occur. All statements within, other than statements of historical fact, are to be considered forward looking. Forward looking statements in this news release include but are not limited to: the structure of the Option; the exercise of the Option; and the completion of the Joint Venture. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.