Inca Pacific Resources Inc.

Inca Pacific Resources Inc.

September 17, 2007 09:00 ET

Inca Pacific to List on Lima Stock Exchange

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 17, 2007) - Inca Pacific Resources Inc. (TSX VENTURE:IPR)(LIMA:IPR) ("Inca Pacific ") reports that it has received approval to list its common shares for trading on the Bolsa de Valores de Lima (the "Lima Exchange"). Trading will commence on September 17, 2007 under the trading symbol "IPR".

Inca Pacific is sponsored by Credibolsa, Peru's largest brokerage firm and the trading arm of Banco de Credito, Peru's largest bank. The main reason for Credibolsa's interest in Inca Pacific is its 100% owned Magistral Copper-Molybdenum project located in Ancash, Peru. Andres Milla, head of SAB Credibolsa, stated, "There are $30-billion (U.S.) in funds on Peru's capital markets looking for somewhere to invest."

The BVL main index rose 166% in 2006. The mining shares index, which makes up 61% of the Lima Exchange's listings, rose 266%. This year the mining index has risen 58%. The BVL junior sector is growing quickly. It was started in 2005, with total capital of $13.92-million (U.S.), and rose to $377.69-million (U.S.) in 2006. This is credited to the strong interest in mining by local investors and attractive tax benefits in Peru.

Anthony Floyd, President and CEO, said, "Peru is a mining country. The majority of companies on the Lima Exchange are mining companies. Inca Pacific is therefore very interested in having a Peruvian shareholder base. With its listing on the Lima Exchange that process will be made easier."

Inca Pacific is developing the Magistral copper-molybdenum project located 450 kms north-north west of Lima in the Department of Ancash, Peru. A preliminary feasibility study was completed in 2006. A final feasibility study is scheduled for completion in the 4th quarter of 2007.


Anthony Floyd, President and Director


This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements include Inca Pacific's commitment to, and plans for completing a final feasibility study, obtaining approval of an Environmental Impact Assessment and developing the Magistral Project. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "can", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Inca Pacific to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the exploration and potential development of the Magistral Project, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of copper, silver and molybdenum. Although Inca Pacific has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Inca Pacific does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws. The Company's mineral property is located in Peru and thus may be exposed to various and unpredictable levels of political, economic and other risks and uncertainties. The Company conducts operations through Peruvian subsidiaries which hold the rights to the mineral properties. Operations may be affected in varying degrees by government regulations with respect to, but not limited to, expropriation of property, maintenance of claims, environmental legislation, land use and land claims. Failure to comply with applicable laws, regulations and local practices relating to mineral right applications and tenure could result in loss, reduction or expropriation of entitlements.

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