Award of Options

Ovoca Gold PLC
31 July 2006

                                 OVOCA GOLD PLC
ISSUE OF OPTIONS

Ovoca Gold Plc (AIM: OVG; IEX: OVX) wishes to announce the issue of the
following options on 28 July 2006:

Exercisable until 28 July 2016 at a price of €0.15

Name of Director                    Options Issued                      Total Options Held
Roger Turner                        2,000,000                           3,425,000
Dr Barrie Oakes                     1,000,000                           2,425,000
John O'Connor                       1,000,000                           2,740,000

Exercisable until 28 July 2016 at a price of €0.16

Name of Director                    Options Issued                      Total Options Held
Guy Pas                             1,000,000                           1,500,000
Richard O'Shea                      1,000,000                           2,725,000
Leonid Skoptsov                     1,000,000                           1,000,000
Mikhail Mogutov                     1,000,000                           1,000,000
Yuri Radchenko                      1,000,000                           1,000,000



Simon Beardsmore, Commercial Manager - Ovoca Gold Plc     Nick Bias / Alex Buck - Buck Bias (UK PR)
Tel: [phone]                                  Tel: [phone]
Email: [e-mail]                     Email: [e-mail] / [e-mail]

John Frain - Davy                                         Richard Chase - Ambrian (AIM Broker)
Tel: [phone]                                   [phone]
Email: [e-mail]                                 Email: [e-mail]

Tom McCormack - Connexions (Ireland PR)
Tel: [phone]
Email: [e-mail]


31 July, 2006


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