Inca One Reports Record Deliveries in November 2021

Vancouver, December 14, 2021 - Inca One Gold Corp. (TSXV: INCA) (OTCQB: INCAF) (FSE: SU92) ("Inca One" or the "Company"), a gold producer operating two, fully permitted, mineral processing facilities in Peru, reports record deliveries for November 2021 from its Chala One Plant ("Chala One") and Kori One Plant ("Kori One"), collectively the ("Plants"). All comparative year-over-year ("YoY") and month over month ("MoM") production numbers represent consolidated operations from both facilities.

For November, total deliveries to both Plants reached an all-time monthly high totaling 8,193 tonnes or 273 tonnes per day, surpassing the 8,000 tonnes level for the first time in the Company's history and surpassing the previous record 6,990 tonnes achieved in September 2021 by 17%.

"It's exciting to see new, all-time highs in ore supply, with processing near record territory, setting up for a strong month of production in December," stated Inca One President and CEO Edward Kelly.

Additionally, processing in November increased 19%, reaching 7,024 tonnes, and gold production also increased 9%, reaching 2,356 ounces. Both plants currently have record totals of ore stockpiled, which should translate to increased production this month.

About Inca One

Inca One Gold Corp. is an established gold producer operating two, fully permitted, gold mineral processing facilities in Peru. The Company possesses a combined 450 tonnes per day permitted operating capacity at its two fully integrated plants, Chala One and Kori One and has produced more than 100,000 ounces of gold, generating over US$125 million in sales from its processing operations. Inca One is led by an experienced and capable management team that has established the Company as a trusted leader in servicing permitted, small-scale and artisanal miners (ASM) in Peru. Peru is one of the world's largest producers of gold, and its ASM sector is estimated by government officials to be valued in the billions of dollars annually. To learn more, visit www.incaone.com.

Figure 1. Inca One's gold processing facilities in Peru (left: Chala One facility; right: Kori One facility)

To view an enhanced version of Figure 1, please visit:
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On behalf of the Board,

Edward Kelly
President and CEO
Inca One Gold Corp.

For More Information Contact:

Konstantine Tsakumis
Inca One Gold Corp.
ktsakumis@incaone.com
604-568-4877

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, they involve inherent risks and uncertainties by their very nature. 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 operating 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.

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