Mr. Edward Kelly reports

INCA ONE CLOSES OVERSUBSCRIBED DEBENTURE FINANCING

Further to its press release of Feb. 26, 2015, Inca One Gold Corp. has closed the previously announced non-brokered private placement of debentures for gross proceeds of $1.6-million (U.S.), including a $100,000 (U.S.) oversubscription.

Pursuant to the closing of the debenture financing, as previously announced, the company issued 64 units, with each unit comprising one non-convertible debenture in the principal amount of $25,000 (U.S.) and 25,000 non-transferable warrants. Each warrant will be exercisable into one common share of the company at a price of 25 cents until a date that is 12 months from the respective closing date of the debenture financing. The holders of the debentures will be entitled to receive interest at the rate of 14 per cent per year, calculated and paid quarterly in arrears. The term of the debentures is 12 months.

A finder's fee of 8 per cent of the gross proceeds of the debenture financing will be payable in cash by the company to SC Strategy Consult AG. The company will also issue to the finder that number of finder warrants equal to 8 per cent of the proceeds of the debenture financing, divided by the exercise price of 25 cents. Each finder warrant will be exercisable into one common share of the company at a price of 25 cents until a date that is 18 months from the closing date of the debenture financing.

The net proceeds from the debenture financing will be used to finance both future working capital and accretive expansion opportunities.

We seek Safe Harbor.