Drilling Report

Ovoca Gold PLC
10 July 2006





             Encouraging Results from Kola Exploration Programme as
             Goltsovoye Feasibility Study Makes Good Early Progress

                                                         Monday, 10th July, 2006



Ovoca Gold plc (LSE/AIM: OVG.L and IEX: OVX.I) the listed Gold and Silver Mine
Development and Exploration Company is pleased to announce ongoing drilling
results on the Oleninskoye Gold Deposit and Pellapahk Copper-Molybdenum Deposit,
Kolmozero-Voronya License, Kola Peninsula, Northwest Russia.  In addition, the
Feasibility Study at the Goltsovoye Deposit is advancing well, with drilling
activities already underway.



Oleninskoye gold deposit

Oleninskoye is currently undergoing drilling.  Positive assay results have been
received from the Oleninskoye bore hole 'C-BF 075' returning an intersection of
13.7 grammes per tonne gold over an intersection of 1.5 metres. In addition,
three separate bore holes from Oleninskoye and one from South Leshaya
intersected a tantalum bearing pegmatite at the projected depth of the orebody
intersection.  These pegmatite dykes are narrow, near vertical, sheet like
intrusive bodies which cut across the general trend of the orebodies and host
rocks.  The drill programme has been redesigned to intersect the orebodies.



In addition, the company has been informed from the assay laboratory that assay
samples contain coarse irregularly dispersed gold grains.  Coarse grains of gold
up to 2 millimetres in diameter have been observed in both core and trench
samples but assay results have not reflected what should have been a substantial
gold grade.  Standard sampling and assay techniques are not designed to take
into account the presence of coarse irregularly dispersed gold grains known as
the 'nugget effect'.  As a result the sampling and assay techniques have now
been modified and the orebody intersections are being resampled and assayed
using significantly larger samples and using wet screening techniques which are
specific for the analysis of orebodies containing coarse gold.



Pellapahk copper-molybdenum deposit

Drilling results from the Pellapahk copper-molybdenum deposit to the northwest
of Oleninskoye continue to produce significant intersections.  The Pellapahk
deposit was explored to a limited degree during the Soviet period and results
from Ovoca's drilling have extended the area of known mineralisation to over 3
kilometres and over a width of not less than 500 metres.  Previous Soviet
drilling had produced average grades of from: 0.1% to 0.75% copper; 0.035% to
0.125% molybdenum and 0.01 to 0.57 grammes per tonne gold.  Borehole C-BF-67B
contained multiple intersections containing the following:
  Interval metres          From                 To                 Copper %               Molybdenum %
       18.0                26.0m               44.0m                 0.11                    0.057
       13.5                70.6m               84.1m                 0.17                    0.031
       25.2                94.6m              119.8m                 0.16                    0.035

Such results compare favourably with similar deposits such as Mineral Park in
northern Arizona with grades of 0.13% copper and 0.037% molybdenum.  The results
from further drilling on Pellapahk are expected soon.  All intersections were
within 100 metres from surface.



Goltsovoye

In addition, Ovoca is pleased to announce that the management team at the
Goltsovoye Deposit in Magadan in Northeast Russia have made a good start on the
Bankable Feasibility Study.  Personnel and equipment are on site and drilling
activities are already mobilised.



Commenting on these preliminary exploration results, Chief Executive Barrie
Oakes said, 'The presence of coarse gold has been identified in recent holes at
Oleninskoye and modifications to the sampling and assaying techniques have been
implemented to deal with this nugget effect. The Pellapahk porphyry deposit has
now been shown to extend over a 3 kilometre long and 500 metre wide area and
indicates the presence of a large, potential world class open pittable, deposit
which is now undergoing more exploration to define its size and grade.  We look
forward to the results from the ongoing drilling programmes at Pellapahk,
Oleninskoye and South Leshaya and we will report them as they become available.'

Glossary:



Coarse irregularly dispersed gold grains:  gold grains which are usually visible
to the naked eye and greater than one millimetre diameter which do not have a
regular distribution throughout the host rock

Dykes:  vertical or steeply dipping sheet like intrusive rock formations which
cut across other geological structures and rock strata at a high angle

Pegmatite:  a light coloured rock formed of coarse crystals often associated
with rare metals

Tantalum:  greyish silver, heavy and very hard metal almost completely immune to
chemical attack.  It occurs in such minerals as columbite, tantalite and
euxenite




The above information has been reviewed and verified by Mr. Roger Turner, Director and Chairman of Ovoca, for the 
purposes of the Guidance Note for Mining, Oil and Gas Companies issued by the London Stock Exchange in March 2006.  Mr. 
Turner, with 40 years of mining engineering, management and consulting experience, graduated as a mining engineer from 
the Camborne School of Mines, has an M.S. degree in Economic Geology from Leicester University and is a member in good 
standing with the Institute of Mining and Metallurgy and a UK Chartered Engineer.



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







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





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