Inca Pacific Reports on Magistral Due Diligence by Pincock, Allen & Holt

Inca Pacific Resources Inc. (TSX VENTURE:IPR) is pleased to announce that on
June 16, 2008, it received a copy of a technical due diligence report from
Pincock Allen & Holt (PAH), independent engineers, which summarizes PAH's site
visit, provides its observations on the Magistral project's technical,
environmental and economic information and provides an assessment of any project
fatal flaws or risks. PAH was retained in December 2007 by Cutfield Freeman &
Co. Ltd. to act as an independent engineer on behalf of potential lending
institutions in connection with the possible senior debt component of project
financing. Cutfield Freeman is a London-based independent advisory firm that
specializes in the mining sector, and has an extensive track record in securing
financing for mine development. In January 2008, PAH completed a site visit to
the Magistral project and completed a review of the Final Feasibility Study
(FFS) prepared by Samuel Engineering with the assistance of other
engineering/consulting groups in December 2007.


In PAH's opinion the FFS is a comprehensive stand-alone document and comprises a
technically complete study that validates the feasibility of the project. The
due diligence has not identified any issues that would be considered fatal
flaws. As is usual for a project at Magistral's stage of development, a number
of significant steps or issues remain to be completed or resolved. These
include: permitting, environmental and social impact assessment approval, site
access roads, port facility construction, community agreements and relocation
issues, low-grade ore stockpile location, closure and reclamation, and overall
project schedule. The Environmental and Social Impact Assessment has been
submitted, and work towards obtaining the requisite permits for the project is
ongoing. Though there is always some uncertainty in these areas, PAH believes
there should be no serious impediments to their issuance and approval.


Magistral, as defined by the FFS, involves the development of a 20,000 tonnes
per day (tpd) open-pit mine and concentrator operation that will produce
separate copper and molybdenum concentrates over a 15-year period. Magistral is
located in northern Peru approximately 260 kilometers east of the city of
Trujillo. Concentrates will be trucked from the mine to the port of Salaverry,
near Trujillo, and then shipped to smelters and refineries overseas. Plant
tailings will be impounded in tailings storage facilities located near the
mining operation. The project also includes major improvements to the site
access roads and construction of site support facilities, including a man-camp
and a 50-kilometer electrical transmission line.


The executive summary of the PAH due diligence report has been filed on SEDAR as
a material document and is available for download from the Inca Pacific website
at www.incapacific.com.


INCA PACIFIC RESOURCES INC.

Anthony Floyd, President and Director

Standard & Poor's Listed

Inca Pacific Resources (TSXV:IPR)
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