Inca One Resources

NEWS 2013

Inca One Signs LOI To Acquire Gold Milling Facility In Peru

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Vancouver, B.C. June 6th, 2013– INCA ONE RESOURCES CORP (TSX‐V:IO)(“Inca One”)is pleased to announce that through its partnership with Canadian Mining S.A. (“Canadian Mining”) it has entered into an LOI to acquire 100% of a permitted and operational milling facility in Southern Peru. The mill has current capacity of 25 TPD, which can be increased with  an additional ball mill and tanks.

The facility sits on a large 21 hectare piece of land with ample room to expand the mill. It is intended that application under the permitting process to further increase daily capacity above 50 TPD will take place upon a definitive agreement being signed. The Company is fully funded to complete the acquisition of the mill.

Completion of the acquisition of the milling facility is subject to a number of conditions including completion of a definitive agreement. Further details will be disclosed upon completion of the definitive agreement.

"This is a great stepping stone, in a great mining district, that we feel will bring great returns for our shareholders," states Edward Kelly, President of Inca One. "The toll milling model, provides cash flow and growth opportunities regardless of the gold price and regardless of equity market conditions. We intend to aggressively grow Inca One through the acquisition of cash flowing assets."

In addition, Inca One through a subsidiary has now formally entered into a joint venture agreement (“Agreement”) with Canadian Mining S.A. (“Canadian Mining”) whereas Canadian Mining will act as a contractor to provide Project Implementation services to Inca One for the Corizona Project. Canadian Mining shall be entitled to 20% of the net profits derived from project implementation and management. Inca One is entitled to 80% of the net profits.

Inca One is also pleased to announce that pursuant to the Company’s Stock Option Plan, the Board of Directors has authorized the granting of incentive stock options to employees and directors of the Company to acquire an aggregate of 950,000 common shares of the Company.  The options have an exercise price of $0.15 per share and are exercisable until May 30, 2018. 

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

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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 ANDCONDITIONS, 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 PRODUCETHE 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.

 


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