IO Inca One Gold Corp

Inca One Resource Corp. (the "Company") (TSX VENTURE:IO) announces that, as a
result of a review by the British Columbia Securities Commission, the Company is
issuing the following news release to clarify and/or retract its disclosure. In
those instances where the Company has clarified or revised previous disclosure,
the Company advises readers not to rely on such statements as they may continue
to be found in the public domain.


The Company's website, investor materials and certain news releases contained
disclosure regarding the Company's La Corizona project ("Corizona") that were
not compliant with National Instrument 43-101 Standards of Disclosure for
Mineral Projects ("NI 43-101") as detailed below, and in particular in
connection with the relationship between Corizona and the Company's Chala One
gold milling facility ("Chala One"). 


The La Corizona Project Technical Report Non-Compliant Disclosure

The technical report entitled "La Corizona Project" prepared by John Buckle,
P.Geo. dated May 22, 2013 (the "Report") found on the Company's website
discloses in various places historical estimates that are not compliant with NI
43-101. Examples of historical estimates in the Report that are not compliant
with NI 43-101 include, but are not limited to:




--  Page 33: a historical resource of 137,686 tonnes at 9.03 g/t gold
    reserve 
--  Page 33: 1,226,176 tonnes of geological resource (without disclosed
    grade)



The disclosure in the Report found on the Company's website was not in
compliance with NI 43-101 as it omitted information required by NI 43-101 about
relevance and reliability, original historical classifications and grade. The
Company therefore retracts the prior disclosure of these historical estimates.


The Company intends to amend the Report to be in compliance with NI 43-101.
Until such time as a NI 43-101 compliant technical report has been prepared, the
Report has been removed from the Company's website. The Company will also file
its amended Report on the Company's profile on SEDAR at www.sedar.com.


Non-Compliant References to "Ore" or "Orebody"

The Operations section of the Company's website and the Company's corporate
presentation dated November 2013 (the "Corporate Presentation") both refer to
"10 faces to the orebody". The terms "ore" and "orebody" imply technical
feasibility and economic viability that should only be attributed to mineral
reserves. Given that there are no reserves associated with Corizona, the use of
the word "orebody" is not compliant with NI 43-101 and the Company retracts the
same. The Company has removed the disclosure from its website.


Misleading and Non-Compliant Disclosure with Respect to Corizona and Chala One

The Company has made certain disclosure with respect to the processing of
material from Corizona at Chala One. The Company would like to clarify that the
Chala One processing mill's only current source of mill feed is from Peruvian
artisanal miners. On one occasion only, the Company processed a small amount of
bulk sampling material from Corizona at Chala One. Such disclosure includes the
following:




--  The Operations section of the Company's website disclosed that the
    Company is obtaining bulk sampling of 40 tpd, ramping up to 80 tpd at
    Corizona. 
--  The Company's September 9, 2013 news release discloses that the Company
    will focus on generating cash flow from processing high-grade ore from
    the Company's Corizona mine and other Peruvian gold mining operations. 
--  The Company's November 14, 2013 news release and the Company's
    Management Discussion and Analysis dated December 30, 2013 disclose that
    on November 9, 2013, the Company shipped its first load of 30 tons of
    material from Corizona to Chala One to be processed. 
--  The Corporate Presentation and the Company's fact sheet (the "Fact
    Sheet") disclose that at 50 tpd, Chala One would generate approximately
    $4.3 million in gross operating profit. 
--  The Corporate Presentation provides further details on the economics of
    Chala One.



The above disclosure, both each on its own and taken together as a whole, is
misleading and not in compliance with NI 43-101 as it links production at
Corizona with processing at Chala One, treats the transferred material as a
mineral reserve and implies a positive economic analysis to support a production
decision at Corizona. Accordingly, the Company clarifies that it has not made
any economic analysis regarding Corizona and has not made a decision to advance
Corizona to production.


In addition, although the Company sometimes refers to Corizona as the "Corizona
mine", it is an exploration property, is no longer an operating mine and has no
current production. Materials taken from Corizona are bulk sampling materials
only.


With no current mineral resource, there is no valid basis for a preliminary
economic analysis, and NI 43-101 restricts disclosure of economic results and
future production quantities under these circumstances. The Company retracts the
statements relating to potential operating profit and the economics of Chala One
as they may be misinterpreted to disclosure results of an economic analysis
regarding Corizona.


Regardless, the implication that Company has made a production decision without
current resources and without first establishing mineral reserves and completing
a feasibility study may be misleading as it did not provide adequate disclosure
regarding the increased uncertainty and the higher risk of economic and
technical failure associated with a production decision under these
circumstances. 


The Company has removed the Operations section, Corporate Presentation and Fact
Sheet from its website and is updating it accordingly. 


The technical content of this news release has been approved by Van Phu Bui, a
director of the Company and a Qualified Person as defined in NI 43-101.


About Inca One Resources Corp.

Inca One is a Canadian based mineral resource company with a newly acquired gold
milling facility & exploration assets in Peru, which was home to the Inca
Empire. Peru is currently the largest gold producer in South America, hosting
mines which have produced up to 26 million ounces of gold. A highly mineral rich
country, Peru is one of the world's top producers of gold, silver, copper and
zinc.


On behalf of the Board, 

INCA ONE RESOURCES CORP.

Edward Kelly, President& CEO

NEITHER 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 NEWS RELEASE.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
KIN Communications
io@kincommunications.com
1-866-684-6730 or 1-604-684-6730
www.kincommunications.com


Inca One Resources Corp.
1 604 568 4877
1 604 569 1604 (FAX)
ir@incaone.com
www.incaone.com

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