Mr. Edward Kelly reports

INCA ONE REPORTS RECORD MONTHLY SALES OF US$5.7M IN JANUARY 2022

Inca One Gold Corp. had record January sales from its Chala One plant and Kori One plant (collectively the Inca One plants) and comparative year-over-year production numbers representing consolidated operations from both facilities.

The company had record monthly sales of approximately $5.7-million (U.S.) (unaudited) in January, 2022, a 217-per-cent increase year over year as compared with January, 2021, sales of $1.8-million (U.S.).

The company also reports year-over-year increases in ore purchases of 45 per cent and in milling activity of 49 per cent as compared with January, 2021, averaging 157 tonnes per day for the month.

"As we begin our eighth year of commercial production, we look forward to building on last year's historic production numbers," stated Edward Kelly, Inca One's president and chief executive officer. "The record January sales are the result of strong purchasing and production achieved by fully deploying the working capital raised in 2021."

About Inca One Gold Corp.

Inca One Gold is an established gold producer operating two fully permitted gold mineral processing facilities in Peru. The company possesses a combined 450 tonnes per day permitted operating capacity at its two fully integrated plants, Chala One and Kori One, and has produced more than 116,000 ounces of gold, generating over $165-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, small-scale and artisanal miners (ASM) in Peru. Peru is one of the world's largest producers of gold, and its ASM sector is estimated by government officials to be valued in the billions of dollars annually.

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