Mr. Edward Kelly reports

INCA ONE REPORTS FEBRUARY SALES OF US$5.02 MILLION

Inca One Gold Corp. has released sales (unaudited) for February, 2024, and comparative year-over-year operational results.

Sales revenue for the company reached $5.02-million (U.S.) in February, a 161-per-cent increase year over year and a 10-per-cent increase over the prior month of January, 2024, marking it as Inca One's highest-ever February monthly sales. The increases were fuelled by increased volume of gold ounces produced in the previous month and sold during February and a higher gold price ($2,029 (U.S.) as compared with $1,838 (U.S.) in February, 2023).

Milling and gold production in February also showed significant year-over-year increases of 83 per cent and 41 per cent, respectively, with the plants milling at an average of 140 tonnes per day.

As reported in last month's production update, deliveries slowed during February from the initial effects of the rainy season. This is typical for this time of year and should temporarily impact the supply of gold ore feedstock to the plants. The company continues to have working capital constraints, which will likely impact ore purchases and sales in the coming months.

Marketing services engagement

Inca One also has engaged Triple Bull Consulting Inc. (TBC) to provide content creation, digital and video marketing services to the company. TBC is a digital marketing agency specializing in digital marketing services for public companies. TBC is focused on analytics and Web traffic tracking, market research, preparation, and distribution of social media content. Under the terms of the engagement, TBC has been retained for a fee of $10,000 plus GST (goods and services tax) per month over an initial four-month term commencing March 1, 2024. No common shares or common share purchase options will be issued under the engagement.

The engagement remains subject to TSX Venture Exchange approval.

About Inca One Gold Corp.

Inca One Gold is an established gold producer operating two permitted, gold mineral processing facilities in Peru. The company possesses a combined 450-tonne-per-day permitted operating capacity at its two fully integrated plants, Chala One and Kori One, generating over $200-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, artisanal and small-scale gold miners (ASGM). Peru is one of the world's largest producers of gold, and its ASGM sector is estimated by government officials to be valued in the billions of dollars annually. Through the company's partnerships with the United Nations backed PlanetGold Program and the Swiss Better Gold Initiative, Inca One supports the sustainable development and mining practices of the ASGM sector and the responsible gold supply chain from mine to market.

We seek Safe Harbor.