VANCOUVER, BC – September 26, 2023 – INCA ONE GOLD CORP. (TSXV:INCA) (OTCQB:INCAF) (Frankfurt:SU92) (“Inca One” or the “Company”) a gold producer operating two mineral processing facilities in Peru, (the “Plants”) reports consolidated sales (unaudited) for August 2023 and comparative year over year (“YoY”) operational results.

Sales revenue in August reached US$4.0 million from the sale of 2,055 ounces of gold, a 15% increase over August 2022. The increase was due to an increase in the ounces sold and to a slight increase in the gold price received (US$1,926.67 per ounce). Sales this month decreased from the prior record month of July 2023 (US$6.0M) due to fewer ounces of gold produced and fewer exports as compared to the prior month.

Consolidated Operations August 2023 August 2022 YoY change
Sales (US$) 4.0 M 3.5 M 15%
Deliveries (tonnes) 4,206 6,046 -30%
Milling (tonnes) 4,578 5,708 -20%
Gold Production (ounces) 1,732 1,914 -10%
Deliveries in August were 4,206 tonnes to Inca One Plants. Deliveries were down YoY due to tighter cyclical cash constraints.

Milling activity for the month was 4,578 tonnes of material, operating at 148 tonnes per day (“TPD”) daily throughput, which represents excess capacity of 67% available to scale up operations when the ore buying account is fully funded.

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