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File: NR15Aug2017- IO Closes Private Placement- Final.pdf

                   INCA ONE GOLD CLOSES PRIVATE PLACEMENT

VANCOUVER, BC   August 15, 2017   INCA ONE GOLD CORP. (TSXV: IO, Frankfurt:
SU9.F, SSEV: IOCL) ("Inca One" or the "Company") is pleased to announce that it has closed
the third and final tranche of its previously announced (June 9, 2017) non-brokered private
placement (the "Private Placement" or "Offering") for gross proceeds of CAD$905,500 by the
issuance of 9,055,000 units (the "Units") at a subscription price of CAD$0.10 per Unit. Each
Unit is comprised of one common share of the Company (a "Share") and one-half of one
transferable common share purchase warrant (a "Warrant"). Each whole Warrant will be
exercisable to purchase an additional Share of the Company at an exercise price of CAD$0.15
for a period of 18 months from the closing date (the "Closing Date"). Together with the first
tranche closing previously announced on June 12, 2017 and second tranche closing previously
announced on July 7, 2017, the Company has raised in aggregate, gross proceeds of CAD$2.2
million with the issuance of 22,023,000 Units.

Insiders of the Company have subscribed for 2.8 million Units under the Private Placement. The
issuance of Units to insiders pursuant to the Private Placement (the "Insider Participation") will
be considered to be a related party transaction within the meaning of TSX Venture Exchange
(the "TSXV") Policy 5.9 and Multilateral Instrument 61-101 ("MI 61-101"). The Company
intends to rely on the exemptions from the valuation and minority shareholder approval
requirements of MI 61-101 contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of
any Insider Participation.

No finder's fees will be paid in connection with the Private Placement. The net proceeds from
the Private Placement will be used for operating cost reductions, plant infrastructure upgrades,
and mineral purchases. All securities issued pursuant to the Private Placement are subject to a
statutory hold period of four months plus one day from the date of issuance, in accordance with
applicable securities legislation.

The securities described herein have not been registered under the U.S. Securities Act of 1933, as
amended, and will not be offered or sold in the United States unless registered under the Act or
unless an exemption from registration is available.

About Inca One

Inca One is a Canadian-based mineral processing company. The Company's activities consist of
the production of gold and silver from the processing of purchased minerals located in Peru. Peru
is the 6th largest producer of gold in the world and the Peruvian government estimates the small-
scale mining sector accounts for a significant portion of all Peruvian gold production, estimated
to be valued approximately US$3 billion annually. The Company purchases its minerals from
government registered small-scale mining producers from various regions and processes it at its
Chala One milling facility located in Chala, Southern Peru.



                                              INCA ONE GOLD CORP.
                     1915   1030 West Georgia Street, Vancouver, British Columbia, Canada V6E 2Y3
                                        Tel: 604-568-4877 | Fax: 604-568-8791
                                                   www.incaone.com
 On behalf of the Board,

Edward Kelly,
President and CEO
INCA ONE GOLD CORP.

For More Information Contact:

Konstantine Tsakumis
Inca One Gold Corp.
Email: ktsakumis@incaone.com
Telephone: 604-568-4877

NEITHER THE 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 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. Actual results in each case could differ materially from those
currently anticipated in such statements due to factors such as: (i) fluctuation of mineral prices;
(ii) a change in market conditions; and (iii) the fact that future operational results may not be
accurately predicted based on this limited information to date. Except as required by law, the
Company does not intend to update any changes to such statements. Inca One believes the
expectations reflected in those forward-looking statements are reasonable but no assurance can
be given that these expectations will prove to be correct and such forward-looking statements
included herein should not be unduly relied upon.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor
shall there be any sale of these securities in any state in which such offer, solicitation, or sale
would be unlawful prior to registration or qualification under the securities laws of any such
state.