Inca Pacific Announces Mailing of Information Circular With Respect to Arrangement With Compania Minera Milpo S.A.A.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES OF AMERICA. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE
A VIOLATION OF U.S. SECURITIES LAWS.


Inca Pacific Resources Inc. (TSX VENTURE:IPR)(BVLAC:IPR) ("Inca Pacific")
announces that the Notice of Meeting and Management Information Circular
(together, the "Circular") with respect to the previously announced proposed
acquisition by Compania Minera Milpo S.A.A. ("MILPO") of all of the issued and
outstanding common shares of Inca Pacific (the "Transaction"), and the related
special meeting of Inca Pacific securityholders to vote on the Transaction (the
"Meeting"), has been mailed to Inca Pacific shareholders and optionholders of
record as of September 19, 2011. The Transaction is to be effected by way of an
arrangement under the Business Corporations Act (British Columbia). The Circular
contains a detailed description of the Transaction. The Circular will also be
filed on SEDAR (www.sedar.com).


The Meeting will be held at the Four Seasons Hotel, Chartwell Room, 2nd Floor,
791 West Georgia Street, Vancouver, British Columbia, on Wednesday, October 19,
2011 at 10:00 a.m. (Vancouver time). All Inca Pacific securityholders are
encouraged to vote in person or by proxy at the Meeting.


The Transaction is expected to close on or about October 26, 2011. Closing of
the Transaction is subject to a number of conditions and approvals which include
approval of at least 66 2/3% of the votes cast by holders of common shares and
options of Inca Pacific at the Meeting, court approval of the arrangement and
the approval of all relevant regulatory authorities and third parties. The board
of directors of Inca Pacific has unanimously determined that the Transaction is
fair and in the best interests of Inca Pacific and its securityholders. The
board has unanimously recommended that securityholders vote in favour of
approving the Transaction.


If you have questions, you may contact Inca Pacific's proxy solicitation agent,
Kingsdale Shareholder Services Inc., by toll-free telephone in North America at
1-866-851-3215, collect call outside North America at 416-867-2272 or by email
at [e-mail].


CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

Certain information contained in this news release, including any information
relating to the proposed Transaction and Inca Pacific, may be deemed
"forward-looking". All statements in this news release, other than statements of
historical fact, that address events or developments that Inca Pacific expects
to occur, are considered "forward-looking information". These statements relate
to future events and reflect Inca Pacific's expectations regarding the
Transaction and the business prospects and opportunities of Inca Pacific. These
forward-looking statements reflect Inca Pacific's current internal projections,
expectations or beliefs and are based on information currently available to Inca
Pacific. In some cases forward-looking information can be identified by
terminology such as "may", "will", "should", "expect", "intend", "plan",
"anticipate", "believe", "estimate", "projects", "potential", or the negative of
those terms or other comparable terminology. Assumptions upon which such
forward-looking information (regarding completion of the Transaction) is based
include that Inca Pacific and MILPO will be able to satisfy the conditions in
the arrangement agreement between them dated September 5, 2011, that the
required approvals will be obtained from the securityholders of Inca Pacific,
that all third party regulatory and governmental approvals to the Transaction
will be obtained and all other conditions to completion of the Transaction will
be satisfied or waived. Although Inca Pacific believes that the forward-looking
information contained in this news release is based on reasonable assumptions,
readers cannot be assured that actual results will be consistent with such
statements. Accordingly, readers are cautioned against placing undue reliance on
forward-looking information. Inca Pacific expressly disclaims any intention or
obligation to update or revise any forward-looking information, whether as a
result of new information, events or otherwise, except in accordance with
applicable securities laws.


This news release and the information contained herein does not constitute an
offer of securities for sale in the United States and securities may not be
offered or sold in the United States absent registration or exemption from
registration.