Inca Pacific Resources Inc.

Inca Pacific Resources Inc.

January 02, 2008 08:30 ET

Inca Pacific Delivers Final Feasibility Study to Government of Peru

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 2, 2008) - Inca Pacific Resources Inc. (TSX VENTURE:IPR)(LIMA:IPR) is pleased to announce that, in accordance with its agreements with the Government of Peru (GOP), it has:

1. Delivered a copy of the Magistral Final Feasibility Study to the GOP.

2. Paid US$400,000 to the GOP.

Anthony Floyd, President and CEO, said, “This major milestone has been achieved as a result of a monumental effort by our consultants MTB Project Management, Samuel Engineering, Mine Development Associates and Vector Peru. Notwithstanding how busy the industry is today, the consultants managed to complete the study and deliver it before our deadline of December 31st 2007.”

The Company has appointed Pincock, Allen & Holt as Independent Engineer to review the Final Feasibility Study and to express an opinion as to whether the study is in a form and content that would allow major financial institutions to provide all or part of the debt and/or equity financing for the construction of the Magistral project.


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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