Confirmed mineralised porphyry discovery in maiden drill hole Near surface gold (>3g/t Aueq) resource potential confirmed

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2 Disclaimer This presentation has been prepared by Inca Minerals Limited (ICG). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and though ICG has no reason to believe that it is not accurate, reliable or complete, it has not been independently audited or verified by ICG. Any forward-looking statements included in this document involve subjective judgment and analysis and are subject to uncertainties, risks and contingencies, many of which are outside the control of, and may be unknown to, ICG. In particular, they speak only as of the date of this document, they assume the success of ICG s strategies, and they are subject to significant regulatory, business, competitive and economic uncertainties and risks. Actual future events may vary materially from the forward-looking statements and the assumptions on which the forward-looking statements are based. Recipients of this document (Recipients) are cautioned to not place undue reliance on such forward-looking statements. ICG makes no representation or warranty as to the accuracy, reliability or completeness of information in this document and does not take responsibility for updating any information or correcting any error or omission which may become apparent after this document has been issued. To the extent permitted by law, ICG and its officers, employees, related bodies corporate and agents (Agents) disclaim all liability, direct, indirect or consequential (and whether or not arising out of the negligence, default or lack of care of ICG and/or any of its Agents) for any loss or damage suffered by a Recipient or other persons arising out of, or in connection with, any use or reliance on this presentation or information. This presentation is not an offer, invitation, solicitation or recommendation with respect to the subscription for, purchase or sale of any security, and neither this presentation nor anything in it shall form the basis for any contract or commitment whatsoever. All amounts in Australian dollars unless stated otherwise. Competent Person s Statement The assessment of information provided by third parties, subsequently presented in this presentation relating to Project Potential, past Exploration Results, Mineral Resources and/or Ore Reserves are the views of Mr R Brown, who is a Director the Company and a Member of the Australasian Institute of Mining and Metallurgy. Mr R Brown is a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr R Brown consents to the inclusion in the presentation of his views of information provided by third parties, in the form and context in which it appears. Page 2

3 Inca Minerals Dual potential at Chanape Confirmed mineralised porphyry discovery in maiden drill hole Near surface gold (>3g/t Aueq) resource potential confirmed Company significantly de-risked with upside potential confirmed Market Cap of ~$12 Million Unsolicited approaches by global producers Near term catalysts for re-rate Chanape under-explored with large areas yet to be mapped Near-term drilling to focus on the delineation of a potential economic porphyry deposit and proving up a near-surface gold resource Page 3

4 Chanape Progress First 12 months Management recognised Chanape as a porphyry project Inca one of the first companies in Peru to obtain Exploration Permit under new regulatory system (introduced mid 2012) Inca s maiden drilling program confirms dual development potential of Chanape Current Review of drill results and on-site project inspection with internationally renowned porphyry experts (March/April 2013) Building on local exploration capacity Preparation for next drilling campaign Next Drilling campaign during 2013 with dual purpose of following up on porphyry discovery developing near-surface gold resource potential Page 4

5 Project Location Chanape Project: Epithermal Au-Ag and Cu-Mo-Ag porphyry province Detail Slide 8 Moquegua Project: Cu-Mo porphyry province 5 Page 5

6 Chanape 2 targets Duel development resource targets Breccia-hosted epithermal gold, silver Mineralisation Yanacocha-style Insert following slide Porphyry and porphyryrelated copper, molybdenum, silver mineralisation Toromocho-style Schematic NS Section (not strictly to scale) 6 Page 6

7 Near-surface Gold Target Epithermal Gold Mineralisation Only 2 of 50 known breccia pipes drill tested Recent hole CH-DDH001 drilled through Breccia Pipe Eight 108m 2.0g/t gold + 41g/t silver from surface including: o 2.2g/t Au + 95g/t Ag o 3.3g/t Au g/t Ag Only 15 of 50 known breccia pipes sampled o Several have better gold grades than Breccia Pipe Eight Three new gold-bearing breccia pipes discovered within 100m of Breccia Pipe Eight, results include: o 11.25g/t Au g/t Ag o 2.99g/t Au + 4.4g/t Ag Potential number of breccia bodies unknown with extensive area under-explored Breccia Pipe 8 and CH-DDH001 Largely un-explored 7 Page 7

8 Near-surface Gold in Breccia Pipe 8 Area Existing gold target zone: Numerous gold-bearing breccia bodies in a 750m x 500m area Only two drilled: Breccia Pipe 8 (gold over 100m from surface) and Breccia Pipe Complex 10/11 (gold over 200m from surface) Mapping likely to reveal additional breccia bodies in target area Other gold targets associated with breccia clusters in the project area within the sulphide zone 8 Page 8

9 Cu Porphyry Target Cu porphyry & related mineralisation Cu, Mo, Ag mineralised porphyry discovered in maiden drill hole: 380m to 600m 0.13% copper + 120ppm molybdenum including: 0.78% Cu + 20g/t Ag 0.2% Cu + 296ppm Mo g/t Ag g/t Au Porphyry occurs within large sulphide envelope, defined by SP anomaly 2.5km x 1km in size 9 Page 9

10 Delineating the Cu Porphyry Sulphide envelope defines area of porphyry search Porphyry ore-zone at Chanape would be located inside sulphide envelope Sulphide envelope almost entirely situated within Inca s concession area Characteristics of alteration and levels of Cu and Mo mineralisation in maiden hole indicates proximity to potential orebody SP anomaly Outline of Chanape SP anomaly with multiple centres 10 Page 10

11 Comparison to Toromocho Toromocho 0.5% Cu, 0.018% Mo, 7.16g/t Ag) Multiple styles of mineralisation (principally porphyry-hosted, brecciahosted and skarn type) associated with multiple porphyry intrusions over 3kms Chinalco Mining Corporation International lists on Hong Kong raising $430M on back of Toromocho (Current marketcap of A$2.1Bn) Chanape Similar-sized sulphide zone with multiple intrusive porphyries Schematic SSW-NNE Section (not strictly to scale) 11 Page 11

12 Inca -Strategy Assets Develop world-class copper porphyry asset Delineate near-surface gold resource Corporate Unsolicited approaches by global producers regarding Chanape Inca will seek to add value to assets and then consider options Market capitalisation of ~$12 Million significant upside potential Inca s value proposition Identify early stage, large potential assets in South America Core competency is to revalue assets through exploration CH-DDH001 maiden hole 12 Page 12

13 Inca Other Peru Assets Peru -other projects: Moquegua Cu Porphyry Project Located in Southern Peru Cu Porphyry Belt Surrounded by worldclass Cu porphyry mines Adjacent to Metminco s Los Calatos 656Mt Cu porphyry deposit Inca s work program to include: geophysics, alteration mapping, surface sampling 13 Page 13

14 Inca WA Assets Australia - other projects: WA Nickel Rox Resources (red) Inca is reviewing corporate options for its Dingo Range Project near Rox Resources recent Ni discovery Inca s Dingo Range tenements adjacent to Rox Resources Dingo Range Project remains un-tested for Ni despite known ultramafics Inca Minerals (purple) Ultramafic occurrences 14 Page 14

15 Corporate Overview Board of directors As at 13 March 2013 Dr Justin Walawski FCPA; Former head of AMEC and North West Iron Ore Alliance In depth knowledge of junior mining sector Mr Ross Brown 29 years of exploration geologist on four continents Assessed hundreds of projects in South America Mr Gareth Lloyd Mining engineer with gold, base metals and coal experience 25 years funds management (Rothschild private equity), mining analyst and advisory experience Capital Issued Shares: 304,773,333 Share Price: $0.04 Market Cap: $12.0 million Shareholders Directors: 10.1% Top % 15 Page 15

16 Inca Why Invest Dual Potential at Chanape Cu porphyry and near-surface gold De-risked Exploration with World Class Upside Potential Attractive Portfolio of Assets in Peru and Australia Management Proving Exploration Model Generating Interest from Global Producers Inca Value through Discovery 16 Page 16

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