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File: NR - smelter and operations update.pdf

   INCA ONE GOLD CORP. POURS GOLD FROM NEW SMELTER FACILITY AT
                            CHALA ONE

VANCOUVER, BC - October 17, 2016 - INCA ONE GOLD CORP. (TSX.V: IO) ("Inca One"
or the "Company") is pleased to provide the following update on operations from its wholly
owned subsidiary Chala One SAC ("Chala One").

Inca One has begun operating a newly completed, in-house smelter facility at its Chala One mill
site -- successfully pouring and exporting in excess of 16 kilograms of gold since September 13,
2016. With this recent production enhancement, Inca One has completed the vertical integration
of another key process at Chala One. Every step in the processing stage from weighing and testing
raw material through to the final steps of smelting and pouring gold dore (prior to exporting to our
Swiss refining partners) is now controlled solely at Chala One.

Inca One has recently completed a restructuring including a share consolidation, financing of $6.3
million, and conversion of approximately $10 million of debt into equity. The Company is now
financed and only has 57.3 million shares outstanding. The financing has provided the Company
with the working capital required to ramp up material purchasing and production activities.
Stockpiles are accumulating and the average daily processing has continued to climb strategically
as per management's ramp up expectations. All circuits are performing as projected and it is
anticipated that throughput will reach fully permitted production levels within our projected
timelines over the coming months.

"I am extremely pleased with ramp up activity and increasing throughput at Chala One," said
President and CEO Edward Kelly, further noting that, "Looking forward, we will continue to focus
on increasing production, and sourcing mineral purchases with profitable deal terms and
favourable recovery."

About Inca One

Inca One is a Canadian-based mineral processing company with a gold milling facility in Peru,
servicing government-permitted, small-scale miners. As part of the terms of the original purchase
agreement for the Chala, Peru processing facility, Inca One has an agreement between its wholly
owned subsidiary, Chala One SAC, and the seller and initial permit applicant, to operate under the
umbrella of formalization until the successful completion of all the environmental and operating
permits. Peru, a highly mineral-rich country, is one of the world's top producers of gold, silver,
copper and zinc, with substantial production coming from small scale miners who need
government permitted milling facilities to process their mineral (such as the Company's Chala
Plant).

On behalf of the Board,

Edward Kelly,
President and CEO
                                              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
 INCA ONE GOLD CORP.

For More Information Contact:

Konstantine Tsakumis
Inca One Gold Corp.
Email: irincagold@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 the Company has limited operating experience with its Chala
plant and 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.