Completion of Acquisition

Ovoca Gold PLC
07 June 2006

                                 OVOCA GOLD PLC

           COMPLETION OF AYAX ACQUISITION AND NEW BOARD APPOINTMENTS


Ovoca Gold Plc (AIM: OVG; IEX: OVX) is pleased to announce that following the
Extraordinary General Meeting held today in Dublin, shareholders have approved
the acquisition of a 74% interest in CJSC Ayax Prospectors Artel Company, the
owner of the Goltsovoye silver licences and the appointment of three new
directors to the Board: Leonid Pavlovich Skoptsov, Yuri Ivanovich Radchenko and
Mikhail Alexandrovich Mogutov. The new Board members bring a wealth of Russian
focussed mining and business experience to Ovoca Gold.


Information on the Proposed Directors


Leonid Pavlovich Skoptsov (Aged 52)

Mr Skoptsov was born in Krasnodar in southern Russia and graduated from the
Moscow State University in 1979. Mr Skoptsov is a shareholder and Chairman of
the OAO Pervaya Gornorudnaya Companiya, which in 2002 discovered the Pavlovskoe
deposit, a large lead-zinc deposit containing silver in the Yuzhny Isle of the
New Land archipelago. Mr Skoptsov was Chairman of OAO Volganeft in Samara Oblast
until December 2004, which was acquired by the Russian oil company Russneft and
is a shareholder and Director of the Magadan Geological Expedition and a number
of other companies with exploration licences for precious metals in eastern
Siberia and Transbaikalia.


Yuri Ivanovich Radchenko (Aged 55)

Mr Radchenko was born in Almaty, Kazakhstan and graduated as a geologist from
the Kazakhstan Polytechnical Institute. From 1975 Mr Radchenko worked with the
Dukat Exploration Expedition, starting on the Dukat gold-silver deposit and in
1991 was appointed head of the Dukatsky Exploration Expedition where he was
involved in prospecting, exploration and assessment of the Julietta deposit and
many other exploration programmes. In 1994 Mr Radchenko assisted with the
foundation of and managed OAO Dukatsky Mining Geological Company which completed
the exploration of the Julietta deposit and undertook other exploration
activities in the Magadan Oblast including a programme to study and develop the
copper porphyry deposits in north east Russia. In 1995 Mr Radchenko founded the
joint venture Omsukchansky Mining Geological Company with Arian Resources
Limited, a company, subsequently acquired by Bema Gold Corporation, which was
involved in the development of the Julietta mine. In July 1998 Mr Radchenko was
awarded the 'Order of Honour' by the President of the Russian Federation for his
contribution in the development of the mineral law of the Magadan Oblast and
also was awarded the Diploma of 'Mineral Deposit Discoverer' as discoverer of
the Lunnoe gold and silver deposit.


Mikhail Alexandrovich Mogutov (Aged 50)

Mr Mogutov was born in Shakhtersk town, Sakhalin Oblast, Russia. Mr Mogutov
graduated from the Moscow Physics Technical Institute with a degree in molecular
genetics and chemistry of high velocity processes and is a doctor of biology. Mr
Mogutov is currently President of OOO Bioprocess Holding, Chairman of OAO Biomed
and is an Assistant to a Federation Council Member of the Federal Assembly
Federation Council of Russia. Mr Mogutov is currently a board member of a number
of Russian companies in the resources, industrial and chemical sectors.

In addition, Ovoca Gold is also pleased to announce the further strengthening of
its Russian operational team with the appointment of Mr Sergey Salamantin as
General Director of CJSC Ayax Prospectors Artel Company, which is now a
subsidiary of Ovoca Gold Plc. Mr. Salamantin has extensive experience in mine
development in the former Soviet Union and joins Ovoca Gold from Oxus Gold Plc,
where he was Deputy General Director of the Amantaytau Goldfields in Uzbekistan.

In welcoming the new Board members, Roger Turner, Chairman of Ovoca Gold
commented, 'I am delighted that shareholders share my enthusiasm for the three
new Board directors in approving their appointment. I believe that Goltsovoye is
an exciting project for us, and I am pleased that we have bolstered our Board
and operational management skills to carry the project forward rapidly to
production.'


  Ovoca Gold Plc is an international exploration company with dual listing in
 London (OVG.L) and Dublin (OVX.IR), exploring for precious and base metals in
                           Russia, Sweden and Ireland


The new Ovoca Gold Plc Board comprises:

Chairman: Roger Turner
CEO: Barrie Oakes
CFO: Danesh Varma
Secretary & Non Exec Director: John O'Connor
Non Exec Director: Harry Dobson
Non Exec Director: Mr Mikhail Alexandrovich Mogutov
Non Exec Director: Richard O'Shea
Non Exec Director: Guy Pas
Non Exec Director: Mr Yuri Ivanovich Radchenko
Non Exec Director: Mr Leonid Pavlovich Skoptsov
Non Exec Director: Paul Smithwick


For further information please visit www.ovocagold.com or contact:

Dr Barrie Oakes, CEO - Ovoca Gold Plc            Roger Turner, Chairman - Ovoca Gold Plc
Tel: [phone]                         Tel: [phone]
Email: [e-mail]                Email: [e-mail]

John O'Connor, Secretary - Ovoca Gold Plc        Simon Beardsmore, Commercial Manager - Ovoca Gold Plc
Tel: [phone]                         Tel: [phone]
Email [e-mail]                 Email: [e-mail]

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

Nick Bias / Alex Buck - Buck Bias (UK PR)        Tom McCormack - Connexions PR (Irish PR)
Tel: [phone]   Tel: [phone]
Email: [e-mail] / [e-mail]     Email: [e-mail]

7 June, 2006


                      This information is provided by RNS
            The company news service from the London Stock Exchange