Ann: 68m of 1.98% Copper Plus Gold & Silver in 1st Drill Hole, page-3

Results of CH-DDH013
Drill hole CH-DDH013, the first hole in the current drilling campaign, intersected the Clint Breccia between the down-hole depths of 238.5m and 300.2m. The down-hole width of the Clint Breccia is 61.7m. The Clint Breccia in CH-DDH013 contains between 1% and 25% combined chalcopyrite, pyrite and arsenopyrite. The well-developed extent of tourmaline indicates Clint is a hydrothermal type breccia and as such is the same as the adjacent Breccia Pipe 8. CH-DDH013 produced a down-hole intersection of 68m at 1.98% Cu, 0.84g/t Au and 42.90g/t Ag from 234m. This intersection compares very favourably to that of CH-DDH012 of 55m at 2.29% Cu, 0.60g/t Au and 42.90g/t Ag and confirms the highly mineralised nature of the Clint Breccia. Page 1 Suite 1/16 Nicholson Road, Subiaco, Western Australia 6008 • PO BOX 38, West Perth, 6872 Telephone: +61 (08) 6145 0300 • ABN: 36 128 512 907 Website: www.incaminerals.com.au Inca’s Managing Director, Mr Ross Brown, is currently in Peru and says “At around 2%, the copper content is remarkably consistent in the Clint Breccia in CH-DDH013 (refer to Table 2). Interestingly, the Cu, Au and Ag values increase towards the outer margins of the breccia and, to a degree, extend beyond the breccia contacts into the surrounding volcanics. What is also both pleasing and interesting is the fact that the average gold values of Clint in this hole are higher than in CH-DDH012 and the silver values are identical.” CH-DDH013 was drilled at a shallow angle (58°) towards the Clint Breccia target from the NE to obtain a better understanding of the true width of mineralisation. The assay results included in this announcement (refer to Table 2) cover the mineralised section of CH-DDH013 only.