Issue of Options

RNS Number : 9305F

Ovoca Gold PLC

21 January 2010

OVOCA GOLD plc

INCENTIVE OPTIONS ISSUED TO KEY PERSONNEL

Ovoca Gold Plc. ("Ovoca" or the "Company") announces that in accordance with the Company's share option scheme it has issued 5,600,000 options to key personnel with a strike price of 25p, including 2,200,000 options to Tim McCutcheon, CEO and director of the Company. The remaining options were distributed to key management and operating personnel in the Company.

Tim McCutcheon comments: "This issue of options is a vital step in equity motivation for our key personnel who work everyday to bring success to the company and its shareholders. We look forward to developing our new assets in Magadan and capitalizing our success in the share price of Ovoca."

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