IO Inca One Gold Corp

VANCOUVER, March 3, 2019 /CNW/ - INCA ONE GOLD CORP. (TSXV: IO) (Frankfurt: SU9.F) (SSEV: IOCL) ("Inca One" or the "Company") is pleased to announce consolidated gold production for February 2019 from its Chala One Plant ("Chala One") and Koricancha Plant ("Kori One").  All comparative year-over-year ("YOY") production numbers relate only to Chala One in 2018.  Production for 2019 is on a 100% basis and includes both Chala One and Kori One from August 21, 2018.  Prior to August 21, 2018, production includes only Chala One.

The Company's gold production increased 167% YOY this past February 2019 to 2,434 ounces, compared to 910 ounces in February 2018.  When compared to the prior month of January 2019, gold production increased 6% despite having three less calendar days to operate.

Material processed in February reached 4,520 tonnes, compared to 1,797 tonnes in February 2018, an increase of 152% YOY.  Throughput in February averaged a combined 161 tonnes per day ("TPD"), up 3% from the previous month of January 2019.

February's growth is not only attributable to the acquisition of Kori One, but also due to continued strong supply of gold bearing material to both Chala One and Kori One plants. This is notable as the rainy season continued well into the month of February.

Edward Kelly, President, and CEO commented, "February is in the books as our strongest February to date, despite battling the Peruvian rainy season.  Having now entered the final quarter of fiscal 2019, thanks to our team's efforts, we look forward to continued growth in production, fueled by this past years' acquisition of the Kori One milling facility."

PDAC
Inca One would like to invite those who are attending this week's PDAC Conference from March 3-6, 2019 to visit the Company at the Metro Toronto Convention Centre, South Building, Level 800 at the Investor Exchange, Booth #3035 to meet and speak with senior management.

About Inca One

Inca One is a Canadian based mineral processing company.  The Company's activities consist of the production of gold and silver from the processing of purchased minerals located in Peru.  Peru is the 6th largest producer of gold in the world and the Peruvian government estimates the small-scale mining sector accounts for a significant portion of all Peruvian gold production, estimated to be valued approximately US$3 billion annually. The Company purchases its minerals from government-registered, small-scale mining producers from various regions and processes it at its 100%-owned Chala One and 90%-owned Kori One milling facilities, located in Arequipa, Southern Peru.

On behalf of the Board,

Edward Kelly,
President and CEO
INCA ONE GOLD CORP.

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 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.

SOURCE Inca One Gold Corp.