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Inca One Starts Formalization Process for its Newly-Acquired Corizona Gold Project and Announces Financing

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The securities issued upon the closing of the Offering will be subject to customary securities legislation hold periods. The Offering is subject to receipt of all necessary approvals including the acceptance of the TSX Venture Exchange ("TSXV").

The net proceeds of the Offering will be used to further develop the Company's Las Huaquillas Project, undergo preparation work required for Corizona's bulk sampling program for up to 50 tons per day and for general working capital. Finder's fees may be payable. The private placement and finder's fees are subject to regulatory approval.

The technical information in this news release has been reviewed on behalf of the Company by Thomas A. Henricksen, PhD, a Qualified Person under NI 43-101.

About Inca One:

Inca One Resources Corp. (TSX VENTURE: IO) is mining company focused on advancing its high-grade Las Huaquillas Gold Project in northern Peru. In parallel, the company is consolidating small-scale mines and milling plants to create a positive cash flow company.

In 1998, Sulliden Resources estimated a geological resource on Las Huaquillas of 6.57 million tons grading 2.09 g/t Au and 25.2 g/t Ag (equivalent to 443,000 ounces of gold and 5.3 million ounces of silver)(i). The historical estimate used a cut-off of 1.5 g/t gold and remains open at depth and along its 2.2 Km strike.

(i)Note: The historic resource was calculated in 1998 and the Company has not completed the work necessary to have the historical estimate verified by a Qualified Person. The Company is not treating the estimate as a current NI 43-101 defined resource and the historical estimate should not be relied upon. The Project will require considerable future exploration which the Company intends to carry out in due course.

More information on the company and its projects can be found at www.incaone.com.

On behalf of the Board,

INCA ONE RESOURCES CORP.

Edward Kelly, President & CEO

Statements in this press release regarding the Company which are not historical facts are "forward-looking statements" that involve risks and uncertainties. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties such as the risk that the closing may not occur for any reason. Actual results in each case could differ materially from those currently anticipated in such statements due to factors such as: (i) the inability of the parties to consummate the definitive letter agreement; (ii) fluctuation of mineral prices; (iii) a change in market conditions; (iv) the inability to produce the technical report for any reason whatsoever; and (v) the refusal of the Exchange to accept the proposed transaction for any reason whatsoever. Except as required by law, the Company does not intend to update any changes to such statements.

Neither the 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.



Contacts:
KIN Communications
1-604-684-6730 or 1-866-684-6730
io@kincommunications.com
www.kincommunications.com





Source: Marketwire


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