IncaGold plc (the "Company")

Temporary Suspension of Trading on AIM

Following the recent share price rise, the Company confirms that, in line with its investment strategy as set out in the circular sent to shareholders on 30 November 2009, it has signed a pre-contractual heads of terms agreement with a third party. The third party's business is in the renewable energy sector. The transaction is at a very early stage and is subject to the usual due diligence procedures.

However, the transaction envisaged by the heads of terms is likely to constitute a reverse takeover under the AIM Rules and consequently the Company has today requested that its ordinary shares be suspended from trading on AIM.

Shareholders will be advised of all developments in relation to the proposed acquisition and the resumption of trading when such information is available. Restoration of trading will be conditional on the publication of an admission document or termination of talks.

Contact:

IncaGold plc                                                                           

Justin Martin, Director 

Tel:  +44(0)1624 820040                                                   

 Website: www.incagoldplc.com

Zeus Capital Limited

Ross Andrews

Tom Rowley       

Tel:   +44(0)161 8311512         

Website:  www.zeuscapital.co.uk