I think C Should be answer.
The argument in the passage is that adhesive couldn't have been available if treefrogs were extinct 5 years ago.
(A) The footpads of tree frogs are not as adhesive as the foot pads of certain lizards that are in no danger of extinction. Keep this option we have to see whether any better option is there. By introducing a different species which isn't extinct may weaken argument.
(B) At the time when concern was raised over the possible extinction of the tree frog, the actual risk of extinction was greatly overestimated. Even if it was overly estimated but it didn't weakens the possibility adhesive couldn't be made entirely.
(C) The tape was designed by looking at the footpads of the preserved remains of tree frogs that had died of natural causes. In this option the adhesive has been made from a preserved remains of tree frog thus even if the tree frog has gone extinct still adhesive would have been made. Thus, correct answer.
(D) A commercially available adhesive tape that has been chemically treated can be reused in much the same manner as the tape that mimics the footpads of tree frogs. Eliminate repetition of facts from passage.
(E) Tests have shown that the footpads of tree frogs become slightly less adhesive as the frogs age. Eliminate, irrelevant.