Heterotopic pancreatic parenchyma recapitulates the normal pancreas in extra-pancreatic locations and on rare occasions can even give rise to pancreatic adenocarcinoma. The genetic signatures of pancreatic adenocarcinoma and its precursor lesions are well characterized. We explored the genetic alterations in precursor lesions (intraductal papillary mucinous neoplasms [IPMN], pancreatic intraepithelial neoplasia [PanIN]) in patients with pancreatic heterotopias but without concomitant pancreatic ductal adenocarcinomas. This allowed us to determine whether the stereotypical dysplasia—infiltrating carcinoma sequence also occurs in these extra-pancreatic foci. Seven cases of heterotopic pancreas with ductal precursor lesions were identified. These included two IPMNs with focal high grade dysplasia and five PanINs with low to moderate grade dysplasia (PanIN grades 1–2). Neoplastic epithelium was micro-dissected and genomic DNA was extracted. Sequencing of commonly mutated hotspots (KRAS, TP53, CDKN2A, SMAD4, BRAF, and GNAS) in pancreatic ductal adenocarcinoma and its precursor lesions was performed. Both IPMNs were found to have KRAS codon 12 mutations. The identification of KRAS mutations suggests a genetic pathway shared with IPMN of the pancreas. No mutations were identified in our heterotopic PanINs. One of the possible mechanisms for the development of dysplasia in these lesions is field effect. At the time of these resections there was no clinical or pathologic evidence of a prior or concomitant pancreatic lesion. However, a clinically undetectable lesion is theoretically possible. Therefore, while a field effect cannot be excluded, there was no evidence for it in this study.