Mr. Edward Kelly reports

INCA ONE ANNOUNCES LATE FILING OF ANNUAL FINANCIAL STATEMENTS

As a result of the CCAA (Companies' Creditors Arrangement Act) proceedings which Inca One Gold Corp. is currently involved, the company will be unable to file its annual financial statements for the fiscal year ended April 30, 2024, and accompanying management discussion and analysis for the corresponding period and certifications by the regulatory filing deadline of Aug. 28, 2024.

The company continues work with its auditor to complete the annual filings as soon as possible. Inca One anticipates and expects filing the annual filings around the end of September, 2024, and will issue a press release announcing completion of these filings at such time.

Given the circumstances, the company expects the British Columbia Securities Commission will issue a cease trade order. The cease trade order would affect trading in all securities of the company and would remain in effect until it is revoked following filing of the annual filings. The company is also currently suspended from trading on the TSX Venture Exchange.