C2C Gold : For the three months ended March 31, 2023 and 2022

C2C Gold Corp.

(An Exploration Stage Company)

Condensed Interim Financial Statements (Unaudited - Prepared by Management)

Three months ended March 31, 2023 and 2022

(Expressed in Canadian Dollars)

C2C Gold Corp.

Notice of No Auditor Review of Interim Financial Statements

Under National Instrument 51-102, Part 4, subsection 4.3(3)(a), if an auditor has not performed a review of the interim financial statements, they must be accompanied by a notice indicating that the interim financial statements have not been reviewed by an auditor.

The accompanying unaudited condensed interim financial statements of the Company have been prepared by and are the responsibility of the Company's management.

The Company's independent auditor has not performed a review of these condensed interim financial statements in accordance with standards established by the Chartered Professional Accountants of Canada for a review of interim financial statements by an entity's auditor.

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C2C Gold Corp.

Condensed Interim Statements of Financial Position

As at March 31, 2023 and December 31, 2022

(Unaudited - Expressed in Canadian Dollar)

	Notes	March 31,		December 31,
	2023		2022
Assets
Current assets
Cash and cash equivalents	$	125,165	$	158,128
Accounts receivable	6	37,780		106,987
Prepaid expenses and deposits		15,966		26,345
Marketable securities	5	56,000		77,000
		234,911		368,460
Reclamation bonds	7	137,766		124,296
Equipment	8	14,647		16,960
Exploration and evaluation assets	9	12,971,481		12,898,716
	$	13,358,805	$	13,408,432
Liabilities and shareholders' equity
Current liabilities
Accounts payable and accrued liabilities	$	491,241	$	429,849
Due to related party	12	45,119		30,540
		536,360		460,389
Shareholders' equity
Share capital	10	29,783,023		29,783,023
Contributed surplus	11	4,847,945		4,799,155
Deficit		(21,808,523)		(21,634,135)
		12,822,445		12,948,043
	$	13,358,805	$	13,408,432

Nature and continuance of operations (Note 1)

Subsequent events (Note 15)

Approved by the board of directors:

"Trey Wasser"	Director
"Peter Bures"	Director

See accompanying notes to the condensed interim financial statements

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C2C Gold Corp.

Condensed Interim Statements of Loss and Comprehensive Loss Three months ended March 31, 2023 and 2022

(Unaudited - Expressed in Canadian Dollar)

	Notes
Expenses
Management and consulting fees	12
Professional fees	12
Office and miscellaneous	12
Transfer agent and filing fees
Conferences and promotion	12
Stock-based compensation	11,12
Other items
Interest income
Fair value adjustment on marketable securities	5
Impairment of exploration and evaluation assets	9

Net loss and comprehensive loss for the period

Basic and diluted loss per share

Weighted average number of common shares outstanding

	2023		2022
$	53,588	$	52,788
	18,898		17,187
	9,903		9,380
	9,867		10,504
	12,921		10,568
	48,790		52,242
	(153,967)		(152,669)
	579		135
	(21,000)		3,000
	-		(189,221)
	(20,421)		(186,086)
$	(174,388)	$	(338,755)
$	(0.002)	$	(0.004)

105,099,903 81,770,473

See accompanying notes to the condensed interim financial statements

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C2C Gold Corp.

Condensed Interim Statements of Changes in Shareholders' Equity Three months ended March 31, 2023 and 2022

(Unaudited - Expressed in Canadian Dollar)

	Number of		Contributed
	Shares	Share Capital ($)	Surplus ($)	Deficit ($)	Total ($)
Balance, December 31, 2021	81,049,015	26,389,858	4,265,094	(20,412,410)	10,242,542
Private placement	9,275,888	1,706,260	-	-	1,706,260
Share issue costs	-	(125,303)	-	-	(125,303)
Finder's warrants issued	-	(76,292)	76,292	-	-
Stock-based compensation	-	-	52,242	-	52,242
Net loss and comprehensive loss for the period	-	-	-	(338,755)	(338,755)
Balance, March 31, 2022	90,324,903	27,894,523	4,393,628	(20,751,165)	11,536,986
Balance, December 31, 2022	105,099,903	29,783,023	4,799,155	(21,634,135)	12,948,043
Stock-based compensation	-	-	48,790	-	48,790
Net loss and comprehensive loss for the period	-	-	-	(174,388)	(174,388)
Balance, March 31, 2023	105,099,903	29,783,023	4,847,945	(21,808,523)	12,822,445

See accompanying notes to the condensed interim financial statements

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