Interim Results

Ovoca Resources PLC
25 March 2003

                                                             Ovoca Resources PLC

                                                                     York House,

                                                           Rear 176 Rathgar Road

                                                                        Dublin 6

                                                     Phone Intl + 353 1 491 2944

                                                     Fax  Intl  + 353 1 491 2948



                              OVOCA RESOURCES PLC

                             INTERIM STATEMENT 2002



Set out below is the unaudited consolidated profit and loss account of Ovoca
Resources PLC for the six month period ended 31st August 2002.  The loss for the
six months reflects administration costs incurred during the period, and no
dividend is being recommended.



The Company has continued it's exploration program in Ireland during the year.
The Joint Venture with Amcorp (Ireland) Ltd over properties at Cahir and Galway/
Roscommon was progressed.  After a drilling program on the Galway/Roscommon
properties did not produce zinc these properties were relinquished.  The
drilling results on the Cahir property continue to be interpreted and work on
this property was ongoing at the period end.  The exploration on the West
Limerick property is continuing.  Work on the Optimum joint venture is advancing
with a view to proving one of the identified sites for use as an energy storage
vessel.



                 Unaudited Consolidated Profit and Loss Account

                for the Six month period ended 31st August 2002


                                                                6 months to 31/8/02 6 months to 31/8/01
                                                                                                   
                                                               
                                                                                Euro              Euro


Turnover - Continuing Operations                                                  -                 -

Operating Costs                                                                   -                 -
                                                                            _______ _______

Operating Profit - Continuing Operations                                          -                 -

Administration Expenses                                                    (60,830)          (55,129)

Investment Income                                                             3,223             1,463
                                                                            _______           _______
LOSS ON ORDINARY ACTIVITIES                                                (57,607)          (53,666)

BEFORE TAXATION

Taxation on Loss on Ordinary Activities                                           -                 -
                                                                            _______           _______
LOSS FOR THE FINANCIAL PERIOD                                              (57,607)          (53,666)
                                                                            =======           =======

Loss per Share
Undiluted                                                                   (0.20c)           (0.19c)
Fully diluted                                                               (0.19c)           (0.18c)
                                                                            =======           =======


For further information contact Mr. John O'Connor, [phone].



        Copies of this report are available at the Company's offices at

                  York House, Rear 176 Rathgar Road, Dublin 6.

31 December 2002.







This announcement has been issued through the Companies Announcement Service of

                           the Irish Stock Exchange.




                      This information is provided by RNS
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