Ovoca Resources plc

NEWS RELEASE

December 7, 2005

Ovoca Gold plc

Ovoca places 8.8 million shares in private placing

Ovoca Gold plc, the AIM (OVG.L) and IEX (OVX.IR) traded precious metals
developer with assets in Russia, Sweden and Ireland, announced today that it had
placed 8,853,475 Ordinary Shares at a placing price EUR 0.10 each to existing
and new shareholders yesterday. The funds raised, Stg�600,000 before expenses,
will primarily be used for new project evaluation, as well as contributing to
existing project work.

END


For further information please contact

Ovoca Gold plc            Barrie Oakes, CEO            + 44 (0)795 1129266
                          Roger Turner, Chairman       + 44 (0)7739 092 813

Connexions PR             Tom McCormack                + 353 86 245 4215 (M)
                                                       + 353 1 230 3015 (O)
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