C2C Gold : For the six months ended June 30, 2023

C2C Gold Corp.

(An Exploration Stage Company)

Condensed Interim Financial Statements (Unaudited - Prepared by Management)

Six months ended June 30, 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 June 30, 2023 and December 31, 2022

(Unaudited - Expressed in Canadian Dollar)

	Notes	June 30,		December 31,
	2023		2022
Assets
Current assets
Cash and cash equivalents	$	225,789	$	158,128
Accounts receivable	6	19,179		106,987
Prepaid expenses and deposits		3,688		26,345
Marketable securities	5	130,500		77,000
		379,156		368,460
Reclamation bonds	7	103,782		124,296
Equipment	8	12,334		16,960
Exploration and evaluation assets	9	11,241,209		12,898,716
	$	11,736,481	$	13,408,432
Liabilities and shareholders' equity
Current liabilities
Accounts payable and accrued liabilities	$	177,781	$	429,849
Due to related party	12	5,076		30,540
		182,857		460,389
Shareholders' equity
Share capital	10	30,213,023		29,783,023
Contributed surplus	11	4,871,283		4,799,155
Deficit		(23,530,682)		(21,634,135)
		11,553,624		12,948,043
	$	11,736,481	$	13,408,432

Nature and continuance of operations (Note 1)

Subsequent events (Note 15)

Approved by the board of directors:

"Trey Wasser"	Director
"Christopher Huggins"	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 and Six months ended June 30, 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	5, 9
securities

Impairment of exploration and	9
evaluation assets
Loss on sale of exploration and	9
evaluation assets

Net loss and comprehensive loss for the period

Basic and diluted loss per share

Weighted average number of common shares outstanding

Three months	Three months		Six months	Six months
ended June	ended June		ended June	ended June
	30, 2023		30, 2022		30, 2023		30, 2022
$	49,600	$	67,088		$ 103,188	$	119,876
	27,462		23,498		46,360		40,685
	8,386		13,571		18,289		22,951
	9,628		10,340		19,495		20,844
	2,600		25,490		15,521		36,058
	23,338		219,883		72,128		272,125
	(121,014)		(359,870)		(274,981)		(512,539)
	751		1,779		1,330		1,914
	(35,500)		(20,000)		(56,500)		(17,000)
	(195,060)		-		(195,060)		(189,221)
	(1,371,336)		-		(1,371,336)		-
	(1,601,145)		(18,221)		(1,621,566)		(204,307)
$	(1,722,159)	$	(378,091)	$	(1,896,547)	$	(716,846)
$	(0.015)	$	(0.004)	$	(0.017)	$	(0.008)
112,765,120		90,798,660		108,966,036		86,306,351

See accompanying notes to the condensed interim financial statements

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C2C Gold Corp.

Condensed Interim Statements of Changes in Shareholders' Equity Six months ended June 30, 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	-	-
Share issued for asset acquisition	12,250,000	1,592,500	-	-	1,592,500
Stock-based compensation	-	-	272,125	-	272,125
Net loss and comprehensive loss for the period	-	-	-	(716,846)	(716,846)
Balance, June 30, 2022	102,574,903	29,487,023	4,613,511	(21,129,256)	12,971,278
Balance, December 31, 2022	105,099,903	29,783,023	4,799,155	(21,634,135)	12,948,043
Private placement	8,600,000	430,000	-	-	430,000
Stock-based compensation	-	-	72,128	-	72,128
Net loss and comprehensive loss for the period	-	-	-	(1,896,547)	(1,896,547)
Balance, June 30, 2023	113,699,903	30,213,023	4,871,283	(23,530,682)	11,553,624

See accompanying notes to the condensed interim financial statements

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