Mr. Edward Kelly reports

INCA ONE REPORTS AUGUST SALES OF US$3.5 MILLION

Inca One Gold Corp. has provided an update on its consolidated sales for August and comparative year-over-year operational results.

Coming off the strongest July sales ever reported, Inca One reports August sales of approximately $3.5-million (U.S.) (unaudited), a slight 4-per-cent decrease year over year compared with August, 2021, sales of $3.6-million (U.S.).

The trailing 12-month trend from August continues to reflect positive results, with sales reaching approximately $50.4-million (U.S.), a 57-per-cent increase year over year over the comparable 12-month period of $32.2-million (U.S.).

Combined milling activities from both plants reached 5,708 tonnes, averaging 184 tonnes per day throughput for the month. This total represents approximately 40 per cent of our consolidated permitted capacity of 450 tonnes per day. Deliveries for the month reached 6,046 tonnes to both plants.

The company has sourced a revolving $2-million (U.S.) trade finance facility, which will increase near-term working capital for ore supply.

About Inca One Gold Corp.

Inca One Gold is a gold producer operating two fully permitted, gold mineral processing facilities in Peru. The company possesses a combined 450 tonnes per day permitted operating capacity at its two fully integrated plants, Chala One and Kori One, and has produced more than 116,000 ounces of gold, generating over $165-million (U.S.) in sales from its processing operations. Inca One is led by an experienced and capable management team that has established the company as a trusted leader in servicing permitted, small-scale and artisanal miners (ASM) in Peru. Peru is one of the world's largest producers of gold, and its ASM sector is estimated by government officials to be valued in the billions of dollars annually.

We seek Safe Harbor.