Inca Pacific Resources Inc.

Inca Pacific Resources Inc.

November 26, 2008 09:30 ET

Inca Pacific Appoints Rothwell as President & CEO

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 26, 2008) - Inca Pacific Resources Inc. (TSX VENTURE:IPR) is pleased to announce the appointment of James R. Rothwell to the position of President and Chief Executive Officer effective January 1, 2009. Mr. Rothwell will succeed Mr. Anthony Floyd who will move to the position of Chairman of the Board for Inca Pacific.

Mr. Rothwell has over 35 years' experience in the mining industry, including involvement with mine operations, project development, minerals marketing, corporate strategic planning and business development. He has had assignments in Canada, the USA, Brazil and Australia. Mr. Rothwell was President of BHP Diamonds during the development and initial years of operation of the Ekati Diamond Mine and was subsequently President and CEO of Dia Met Minerals Ltd. Since 2001, Mr. Rothwell has held several senior corporate positions and is currently a director of Motapa Diamonds Inc. and Chairman of Shore Gold Inc.

"Joining Inca Pacific at this time is an exciting opportunity," said Mr. Rothwell. "The Company has made great strides in recent years, particularly in positioning its Magistral Project in Peru for future development. Magistral is a high quality copper/molybdenum project supported by a sound professional team of employees and consultants. I look forward to working with this team to move the project through the permitting process, and taking other steps to ensure that development can proceed on a timely basis once the global economy and metal markets return to more normal conditions. Inca Pacific is also well funded to move through the current period of market uncertainty. At the same time, we shall continue to evaluate other strategic options in the interests of our shareholders."

Mr. Floyd will facilitate the management transition while continuing to offer his experience and expertise to the Company. "The time is right for a leadership change at Inca Pacific, and we are confident that Jim Rothwell brings the right background and set of skills to move the Company forward," he said. "I will continue active involvement at the board level to help Inca Pacific realize its full potential."


Anthony Floyd, President and Director

Standard & Poor's Listed

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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