AGM Statement

Ovoca Resources PLC
26 October 2000


Re: AGM Statement

The Board of Ovoca Resources PLC are pleased to announce that, at the Annual
General Meeting held in the Berkley Court Hotel held earlier today all the
motions put to the floor were unanimously passed by the shareholders.

After the Annual General Meeting of the company Chief Executive Frank Buckley
outlined their exploration program for the coming year.  He announced that a
diamond drilling program had commenced in the West Limerick licence block and
was expected to continue until the end of the year.  This long awaited program
is designed to test some established target areas and had been planned for
some time.

He also announced that negotiations with a major multi national company, with
a view to joint venturing the North Galway and Cahir licence blocks, were at
an advanced stage and he expected to be in a position to announce finalisation
of same in the very near future.

He concluded that the company was a solid footing and was well placed to move
it's exploration program forward confidently and rapidly.

James Morrissey, Fleischman-Hillard Saunders
                                Telephone [phone]