IPR Inca Pacific Resources

Inca Pacific Resources Inc. (TSX VENTURE:IPR) announces that it has received
formal approval of the Environmental and Social Impact Assessment ("ESIA") for
the Magistral Copper-Molybdenum Project from the Peruvian Ministry of Mines and
Energy ("MEM").


The initial ESIA document was submitted on March 28, 2008 and was followed by
presentations to local communities together with a process of public
consultation, commentary and response and interaction with several government
agencies.


James R. Rothwell, President & CEO said, "Receipt of the ESIA is a very
significant step forward in positioning Magistral for development. A great deal
of excellent work has been done by our employees and consultants as well as the
local communities and government staff to reach this point. We are very pleased
that the major permitting requirement for the Magistral Project has been
successfully completed."


Clara Garcia, Head of the Mining Environmental Bureau of MEM said, "It is very
important for Peru that the Magistral Project moves forward. The approval of the
ESIA is a big step in this sense, as it will help the development of one of the
most interesting copper deposits with moly contents in Peru. The approval
procedure has been long, but the best social and environmental conditions
considered therein have been verified."


Magistral is located in northern Peru approximately 260 kilometers east of the
city of Trujillo. The project involves development of a 20,000 tonnes per day
open-pit mine and concentrator operation that will produce separate copper and
molybdenum concentrates over a 15-year period. Please see Inca Pacific's
technical report on the property for a detailed discussion of the project
including critical assumptions, risks and sensitivities. The report is available
on Inca Pacific's website and on SEDAR at www.sedar.com.


INCA PACIFIC RESOURCES INC.

James R. Rothwell, President and Chief Executive Officer

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