Issue of Equity

Ovoca Gold PLC
18 October 2006





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



                                Issue of equity



Ovoca (AIM:OVG; IEX:OVX) announces that it has issued 2,850,000 Ordinary Shares
of €0.025 each ('Ordinary Shares') to satisfy certain professional service and
consultancy liability obligations with persons not connected to the Company.







18 October 2006



                                      ENDS



For further information contact :



John O'Connor   CFO

[phone]



Tom McCormack - Connexions PR

+ 353 (0)86 245 4215

+ 353  (0)1  230 3015



Nick Bias - Buck Bias


[phone]





This announcement has been issued through the Companies Announcement Service of

                           The Irish Stock Exchange.




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