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Inca Pacific Resources Inc

Publié le 28 juin 2007

Obtains 30 Day Extension to the Deadline to File Feasibility Study

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News Release - Thursday, June 28, 2007
Inca Pacific Obtains 30 Day Extension to the Deadline to File
Feasibility Study

News Release #2007-10

Vancouver, BC, June 28th, 2007 - Inca Pacific Resources Inc. (TSX-V:
IPR) (the "Company") reports that it has received from the Government
of Peru ("GOP"), an extension until July 30 of its requirement to file
a Feasibility Study ("FS") in respect of its Magistral Property.

On November 3rd 2006 the Company delivered a Preliminary Feasibility
Study to the GOP. On December 29th, 2006 the Company paid US$400,000 to
the GOP to keep its agreement in good standing for another calendar
year. On December 29th 2006 the GOP granted the Company an extension to
June 30, 2006 to file a Feasibility Study. Over the last six months the
Company has been working to complete a Final Feasibility Study which
will meet or exceed the GOP requirements for a Feasibility Study and be
in a form and content that will satisfy the requirements of banking
institutions to provide financing to construct a mining operation at
Magistral. This Final Feasibility Study is scheduled to be completed by
October 30th 2007, and as such the Company has been negotiating with
the GOP a further extension to the deadline to file a FS.

On June 25th 2007 the Company reached an agreement in principle with
the GOP to receive a further six month extension to December 31st 2007
for the filing of the FS. Due to recent events in the Peruvian mining
industry, the Company has learned that the GOP is unwilling to grant
the requested extension on the negotiated terms.
However the GOP has
granted the Company a 30 day extension to allow a complete evaluation
of the milestones within the existing agreement as requested by the
company for further approval by the GOP.

There can be no guarantee that an agreement will be reached and that on
July 31st 2007 the Company may be in default of its agreement to
develop the Magistral Property, resulting in a significant consequences
for the Company, including the possibility that the Company may lose
all rights to the core claims at Magistral which hosts the deposit.

Inca Pacific has invested over US$18 million on exploration and
development of the Magistral property. It currently has over 50 local
people employed at site plus four engineering firms working to complete
the FFS. The Company believes that since 1999, when it first acquired
the Magistral property in a public auction, it has fulfilled all its
obligations under the terms of its agreements with the GOP.

Conference Call
Call in details for the conference call to be held on Thursday, June
28th at 10:00am (Pacific Time) are:

Participation Dial-In Numbers:
Local / International: 513-587-6878
North American Toll-Free: 1-866-550-6338

A replay of this conference call will be available for 7 days on Inca
Pacific's website at www.incapacific.com The replay numbers are:

Local Dial-In Number: 416-915-1028
Toll-Free Dial-In Number: 1-866-244-4494
Passcode: 612144


Signed: "Anthony Floyd"
President and Director

For further information contact: Bill Galine
Investor Relations
Phone: 604-662-3922
Email: bgaline@incapacific.com


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.

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

Copyright (c) 2007 INCA PACIFIC RESOURCES INC. (IPR) All rights
reserved. For more information visit our website at
http://www.incapacific.com/ or send mailto:contact@incapacific.com
Message sent on Thu Jun 28, 2007 at 7:12:16 AM Pacific Time

Inca Pacific Resources Inc

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Inca Pacific Res. est une société d’exploration minière de cuivre basée au Canada.

Inca Pacific Res. est en développement de projets de cuivre, d'argent et de molybdène au Perou.

Son principal projet en développement est MAGISTRAL PROPERTY au Perou et son principal projet en exploration est PASACANCHA au Perou.

Inca Pacific Res. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 34,0 millions CA$ (34,0 millions US$, 24,4 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 2,35 CA$, et son plus bas niveau récent le 21 novembre 2008 à 0,12 CA$.

Inca Pacific Res. possède 56 648 000 actions en circulation.

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Financements de Inca Pacific Resources Inc
14/01/2008 Closes $2.57 Million Private Placement
Nominations de Inca Pacific Resources Inc
26/11/2008Appoints Rothwell As President & Ceo
04/02/2008 Appoints Chief Operating Officer
Projets de Inca Pacific Resources Inc
21/01/2008(Magistral Property) Files Magistral Final Feasibility Study On SEDAR
03/12/2007(Magistral Property) Completes Final Feasibility Study For Magistral Copper-Moly...
28/06/2007(Magistral Property)Obtains 30 Day Extension to the Deadline to File Feasibility...
07/05/2007Reports Continued Progress On Final Feasibility Study For Ma...
Communiqués de Presse de Inca Pacific Resources Inc
18/04/2011Disagrees With the Government of Peru's Sale of Magistral
03/03/2011.: Modification to Magistral Arbitration Demand
03/11/2008Announces Steps To Conserve Working Capital
02/04/2008Submits Environmental And Social Impact Assessment To Govern...
28/02/2008 Provides Corporate Update
26/07/2007Signs Formal Agreement with Government Of Peru
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