gary b. wolff, p.c. 805 Third Avenue Counselor At Law Twenty First Floor New York, New York 10022 Telephone: 212-644-6446 Facsimile: 212-644-6498 E-Mail: wolffpc@attglobal.net Exhibits 5 and 23 June 18, 2004 CONSENT AND OPINION OF COUNSEL Securities and Exchange Commission 450 Fifth Street N.W. Washington, D.C. 20549-1004 Gentlemen: I am securities counsel to Innocap, Inc., a Nevada Corporation (the "Company"). I have, in such capacity, examined and am familiar with the Articles of Organization, as amended to date, and the By-laws of the Company, and have examined the records of corporate proceedings. I have also examined and am familiar with such other documents as I have considered necessary for rendering my opinion hereinafter set forth. Based upon the foregoing, I am of the opinion that the shares of Common Stock, $.001 par value, of the Company reserved for issuance under the Innocap, Inc. 2004 Non-Statutory Stock Option Plan dated January 27, 2004, will, when issued in accordance with the terms of such plan, be legally issued, fully paid and non-assessable. In addition, I hereby consent to the use of our name in the above opinion filed with the Registration Statement on Form S-8. Very truly yours, /s/ Gary B. Wolff Gary B. Wolff GBW:hk