Issue of Equity

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