Inca Pacific to Raise Approximately $25 Million

NOT FOR DISTRIBUTION IN THE UNITED STATES

Inca Pacific Resources Inc. (TSX VENTURE:IPR) is pleased to announce that it has
filed a preliminary short form prospectus with the securities regulatory
authorities in the provinces of British Columbia, Alberta, Manitoba and Ontario
in connection with a proposed public offering of common shares of approximately
C$25 million (the "Offering").


The Offering syndicate is comprised of Raymond James Ltd., Haywood Securities
Inc., and Wellington West Capital Markets Inc. The offering price per share and
the number of shares to be issued will be determined prior to filing the final
prospectus. The Offering is scheduled to close on or about May 8, 2008 and
remains subject to certain conditions, including the receipt of all required
regulatory and other acceptance, including the acceptance of the TSX Venture
Exchange.


The net proceeds of the financing are intended to fund capital, project
management, development and administrative costs related to Inca Pacific
Resources Inc.'s 100%-owned Magistral copper-molybdenum project in Peru, as well
as for general administration and working capital purposes.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.


INCA PACIFIC RESOURCES INC.

Signed: Anthony Floyd, President and Director