RNS Number:1988O
Ovoca Resources PLC
29 June 2005


                                                                   NEWS RELEASE


                  June 29, 2005





Ovoca Resource plc ('Ovoca' or the 'Company')



                 AIM Listing Commences Thursday 30th June 2005

                                      and

                        Initial Phase 2 drilling results





Ovoca Resources plc (OVX Dublin and OVG London) is pleased to announce its
listing on the Alternate Investment Market of the London Stock Exchange with
trading to commence on Thursday 30th June 2005.



The company is also pleased to announce the preliminary results of the first two
diamond drillholes from the current Phase 2 exploration programme. The drilling
was conducted on the South Leshaya prospect, which is the northern extension of
the previously drilled Oleninskoye prospect, situated within Ovoca's 152 square
kilometre Kolmozero-Voronya licence in the Kola Peninsula of Northwest Russia.



South Leshaya is in addition to the eight previously defined gold bearing
structures within the licence area.  In addition to gold, the area is
prospective for platinum group metals (pgm), which have been found extensive in
the adjacent Oleninskoye prospect.  Assay results from two of the exploration
drill holes have been received. High grade gold mineralisation has been
intersected in a silicified amphibolite over two intersections within borehole
BF-041 with maximum grade of 80.0 grammes per tonne.  Borehole BF-044
intersected 211 grammes per tonne (6.78 ounces per tonne) over a 2 metre
thickness. Two check assays were run on the samples from these three
intersections to confirm the results.


                  Preliminary Results South Leshaya Phase 2 Diamond Drill Hole Assays
            Hole               From      To     Intersection                     Gold
           Number                        (metres)                           (grammes/tonne)
           BF-041               7.0     8.5         1.5                          12.3
                               86,8     88,5        1.7                          80.3

           BF-044               5,0     7,0         2.0                          211.0



Dr Barrie Oakes, CEO of Ovoca Resources, stated ... "The results of 80 grammes
per tonne over 1.7 metres and 211 grammes per tonne over 2 metres, following the
83 grammes per tonne over 2.8 metres in Phase 1, are very consistent and
encouraging. These are exceptional results and we eagerly await more from our
ongoing Phase 2 drilling programme. We believe that these results confirm our
conviction that there is widespread high grade gold mineralisation throughout
the 152 square kilometre licence area. We plan to accelerate the work rate
following our recent fundraising."





Contacts

Barrie Oakes                                                         +44 (0)795
1139266

Roger Turner                                                         +44 (0)773
9092813

John O'Connor                                                       +353 (0)1
491 2944

Richard O'Shea                                                     +353 (0)87
2560 397

Fergal Meegan (Davy Corporate Finance)                 +353 (0)1 679 6363













This announcement has been issued through the Companies Announcement Service of

                           the Irish Stock Exchange.








                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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