CCN Kaizen Discovery, Inc.

C2C Gold Corporation Inc. (the "Company")(TSX VENTURE:CCN) hereby announces the
closing under escrow of its private placement previously announced in its press
release dated January 19, 2010 and January 20, 2010 for total gross proceeds of
$470,000 (the "Offering") until the consolidation of the Company's common shares
(the "Consolidation") and the Offering are approved by the TSX Venture Exchange,
as more fully described hereunder. 


The Company completed a non-brokered private placement of units (the "Units"),
each consisting of (i) one convertible debenture for a principal amount of
$10,000 (the "Debenture"); and (ii) 400,000 common share purchase warrants (the
"Warrants")


The Debentures will bear interest at a rate of 12% per annum (1% per month),
both before and after maturity. Unless converted earlier, principal and accrued
interest under all Debentures shall be due and payable on December 31, 2010 (the
"Maturity Date").


Each Debenture will be convertible, as to principal only into common shares of
the Company (the "Common Shares") at the option of the holder at any time after
the effective date of the Consolidation and prior to the Maturity Date at a
conversion price per Common Share equal to (i) $0.25 post-Consolidation until
April 29, 2010; and (ii) any time after April 29, 2010 and prior to the Maturity
Date at a conversion price per Common Share equal to $0.50 post-Consolidation
(the "Conversion Price"). The conversion right shall be subject to the standard
anti-dilution provisions. 


Each Warrant comprised in a Unit enables the holder to purchase one Common Share
of the Company at an exercise price of $0.25 per share (on a post-Consolidation
basis) at any time after the effective date of the Consolidation until December
31, 2010, it being understood that upon the Consolidation, the number of
Warrants will be consolidated on a 10 for one basis, resulting in the issuance
of 40,000 Common Shares per Unit, at a price of $0.25, upon the exercise of all
the Warrants included in one Unit. 


The Company will use the proceeds (i) for general working capital ($165,000);
and (ii) for the implementation of a new business strategy which entitles the
subscription by the Company to a private placement conducted by Key Gold
Partners LLP for an amount of $265,000. 


An intermediary commission equal to 10% of the gross proceeds realized from
non-related party to the Company, $40,000, will be paid in cash to Ansacha
Capital Inc., acting at arm's length with the Company in connection with the
Private Placement.


Some insiders of the Company subscribed for a total of 5 units representing an
aggregate amount of $50,000 of the gross proceeds.


Consolidation of Common Shares

On February 11, 2010, during a special general meeting of its shareholders, the
Company obtained the shareholder's approval to consolidate the issued and
outstanding Common Shares of the Company on the basis of ten (10) Common Shares
for one new Common Share. The Consolidation is subject to the approval of the
TSX Venture Exchange Inc. 


About C2C 

C2C is a junior mining exploration company listed on the TSX Venture Exchange
with concentration in the gold industry.


Forward looking Statement:

This document contains certain forward looking statements which involve known
and unknown risks, delays, and uncertainties not under the Company's control
which may cause actual results, performance or achievements of the Company to be
materially different from the results, performance or expectation implied by
these forward looking statements.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


Shares outstanding: 103 404 344

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