AGM Statement

Ovoca Resources PLC
29 September 2005


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



                Chairman's Statement to AGM and Drilling Results





At the AGM of  Ovoca Gold plc today in Jurys Hotel, Dublin, the Chairman, Roger
Turner outlined the company's rational for the investment in Russia earlier this
year.  He explained that the licence in the Kola peninsula which hosts eight
exciting prospects, including gold deposits at Oleninskoye, Nyalm and Leshaya
where we are working to expand on the 900,000 ounces (Russian categorised)
already reported.  Recent results on five holes have supported the previous
finds with assays of up to 8 grammes per tonne on the intersection of No. 3 vein
in Oleninskoye.  To date we have drilled 71 holes in the area and results during
the year have included a drill intersection of over 200 grammes per tonne in the
recently discovered South Leshaya prospect. Drilling is ongoing and a full
analysis of the results will be carried out during the winter months. On the
basis of the results to date we have applied for additional licences around the
existing 152 square kilometre area which will include additional gold
occurrences and highly prospective ground for gold and platinum group metals .



He also confirmed that the company has been offered several other Russian
projects, but declined to outline any of them at this early stage.



In Sweden, fieldwork is commencing on the gold and zinc prospects previously
outlined by Ovoca as having potential on the Gold Line where Dragon Mining has
recently put the Svartliden mine into production.



He welcomed Danesh Varma, CFO, as an appointee to the Board.



Roger Turner informed the shareholders that this was a time of positive change
for Ovoca and as part of this Ovoca was changing it's name to Ovoca Gold plc to
reflect the main focus of its activities.  He was looking forward to having a
leading role in this rejuvenation of Ovoca Gold and repeat his previous success
at Oxus Gold.





29 September 2005.





Below are updated drilling results to 27 September 2005 in relation to the
Company's exploration in Kola, Russia.







Kolmozero-Voronya Project Drill & Trench Results to date - 27
September 2005
Total metrs drilled   6,584                                                                           27 Sept.
to date                                                                                               2005
       Deposit          Drill Hole          Trench            Metres Depth      Intersect     Gold     Silver
                                                             From        To       Metres   Grade g/t  Grade g/t
S Leshaya             BF-041-48                              86.8       88.5       1.7        80.3
                      BF-043-18                              55.1       56.7       1.6        26.5
                      BF-044-02                              5.0        7.0        2.0       211.0
Oleninskoye 3         BF-027-24                             150.4      150.9       0.5        4.20
                      BF-027-38                             216.2      217.9       1.7        4.97
                      BF-028-22                             109.40     111.20      1.8       51.60      28.00
                      BF-028-21+22                          108.4      112.2       2.8       83.81      37.68
            Including BF-028-21                             108.40     109.40      1.0       141.80     55.10
                      BF-028-51&52                          179.20     180.10      0.9        3.23      0.47
                      BF-037-163                            218.50     219.60      1.1        7.62
                      BF-039-45                             69.90      71.90       2.0        8.30      0.31
                      BF-040-84                             163.00     165.00      2.0        5.20      0.44
                      BF-045-33                             123.2      124.7       1.5        88.6
                      BF-046-23                             199.6      200.6       1.0        0.87
                  New BF-046-41                             221.2      222.2       1.0        6.52
                      BF-046-50                             230.2      231.7       1.5        0.99
                      BF-048-16                              89.8       91.3       1.5        29.6
                      BF-048-22                              98.8      100.3       1.5        1.97
                      BF-048-52                             144.8       146        1.2        1.06
                  New BF-052-6                              171.1      172.1       1.0        1.08
                  New BF-052-37                             226.6      227.6       1.0        1.19
                  New BF-052-43                             232.6      233.6       1.0        8.66
                  New BF-052-48                             237.8      239.3       1.5        1.58
                                     k-13-C-023              22.5       23.5       1.0        2.2        4.5
                                     k-13-C-028              27.5       28.6       1.1        8.6        6.2
                                     k-13-C-030              29.8       31.0       1.2        24.0       6.0
                                     k-15-C-10368            8.0        10.0       2.0        12.0       0.5
                  New                BF-K-500-3              3.0        4.5        1.5        1.24
                  New                BF-K-511-5              6.0        7.0        1.0        1.23
                  New                BF-K-511-6              7.0        8.0        1.0        1.48
                  New                BF-K-513-8              10.0       11.5       1.5        8.38
                  New                BF-K-513-15             18.0       19.0       1.0        4.76
                  New                BF-K-5036-12            15.0       16.0       1.0        1.33
                  New                BF-K-5036-19            22.0       23.0       1.0        9.35
                  New                BF-K-15-C-4             4.5        5.5        1.0        0.97
                  New                BF-K-15-C-10            11.0       12.0       1.0        1.14
Oleninskoye 7         BF-029-52                             120.60     121.80      1.20       2.90      1.44
                      BF-031-16                             64.45      65.10       0.65       5.25      3.90
                                     k-BF027-12              12.0       13.0       1.0        50.2      9.92
                                     k-BF028A-020            21.6       22.1       0.5        1.2
                                     k-BF028A-024            25.2       26.0       0.8        1.2       28.0
                                     k-BF-025A-2             3.1        4.1        1.0        1.22
                                     k-BF-077-6              15.7       17.2       1.5        0.76
Oleninskoye (Northern                k-BF056-073             86.7       87.2       0.5        1.19      2.32
subzone)












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