Inca One Resources Corp. signs 5-year community agreement

Inca One Resources Corp. (TSX VENTURE:IO)  is pleased to announce that its operating partner at the Corizona Gold Project in Lima – Peru, Canadian Mining SA, is rapidly progressing the application for commercial mining permits at the Corizona Gold Project.

On April 28th, 2013, Canadian Mining SA held a Community Assembly and successfully obtained the consent for the use of the surface land for a five-year (5) term from the Community of Llambilla. The Company is extremely pleased with the agreement, as it is integral in the process of obtaining commercial mining permits.

Rural communities in Peru are organizations recognized by Peruvian law, comprising of families living on and owning certain territories, linked by ancestral, social, economic and cultural bonds. The Community of Lambilla is the legal owner of the surface land where the Corizona Gold Project is located; therefore it was extremely important this authorization was obtained and supported by the local community.

The in country team conducted a thorough fieldwork study in order to identify the requirements and needs of the community. With this information Canadian Mining SA tailored a proposal, which fulfilled the communities’ expectations and is economically viable for the project. The Company believes this agreement will be the basis for continued good relations between Canadian Mining SA and the Community of Lambilla.

Commercial Permitting Update

Canadian Mining started the process of obtaining commercial mining permits on Corizona in order to formalize the current mining that was being undertaken on the Property by informal miners. The process requires the completion of the following steps:

1.  Submitting the Statement of Commitment to the Regional Direction of

    Mines. (DREM)

    Status: Completed

2.  Certifying the ownership of the mining concession, or proving the

    registration of a contract of assignment / transfer of the mining

    concession and registration.

    Status: Completed

3.  Authorization for use of the surface land:

    The minutes that were obtained from the Assembly will be transferred

    into a public deed that will authorize Canadian Mining to register the

    agreement in SUNARP.

    Status: Agreement signed - registration in process

4.  Submitting the Corrective Environmental Management Instrument (IGAC)

    Status: Submitted

5.  Obtaining the authorization for the use of water, issued by the local

    authority of the water

    Status: Pending

6.  Obtaining a certificate of approval of start/restart of mining

    activities issued by the DGM (General Direction of Mining from the

    Ministry of Energy and Mines)

    Status: Pending

Edward Kelly, President& CEO of Inca One commented: “Once again, we are very pleased with our Peruvian in-country team as they continue to achieve major milestones in a timely fashion. Being able to rapidly obtain commercial mining permits is a key part of executing our business model of consolidating near term cash flowing assets.”

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