Operational Update

Ovoca Gold PLC
19 November 2007



                   Ovoca Gold plc ('Ovoca' or the 'Company')
                             Operational Update and
                             Approval of Resources



Ovoca Gold Plc (AIM: OVG; IEX: OVX) ('Ovoca' or the 'Company') announces that on
16 November 2007 it received, from the Russian Government Commission for Natural
Resources ('GKZ'), protocol stating that GKZ has audited and approved the
resource classification for the Company's Goltsovoye silver deposit located in
the Magadan Oblast of north-east Russia.  The total resource for Goltsovoye, as
audited and approved by GKZ, now stands at 81.33 million ounces of silver and
46,438 tonnes of lead.



GKZ has approved the new C1+C2 resources of 1,775,700 tonnes of ore with grades
of 1,025.28 grams per tonne silver and 2.7% lead plus an additional P1 resources
for the whole Goltsovoye ore field. This is summarised in the table below and
amounts to a total C1 + C2 + P1 approved resource of 81.33 million ounces of
silver and 46,438 tonnes of lead (equivalent to 87.99 million ounces of silver
in value).





Goltsovoye GKZ 2007 Resource Statement
      Area        Resource Category    Tonnes        Silver        Lead*         Silver          Lead*       Silver
                                                                                                           Equivalent
                                       (000s)     (g/t)   (oz/t)    (%)      (t)     (000ozs)     (t)       (000ozs)
     Zone1                C1            853.1    1212.9    39.0     2.8    1 034.7    33 267    23 793       36 677
                          C2            461.5     832.3    26.8     1.9     384.1     12 349     8 994       13 638
                    Subtotal C1+C2     1 314.6   1 079.3   34.7     2.7    1 418.8    45 616    32 787       50 315
                          P1            146.7     627.1    20.2      -      92.0      2 958        -
                  Subtotal C1+C2+P1    1 461.3    714.6    54.9     2.7    1 510.8    48 574    32 787       53 273
     Zone2                C2            417.6     854.9    27.5     3.2     357.0     11 478    13 651       13 434
                          P1            703.5     376.7    12.1      -      265.0     8 520        -
                    Subtotal C2+P1     1 121.1    554.8    17.8     3.2     622.0     19 998    13 651       21 954
   Zone 1 & 2       Subtotal C1+C2     1 732.2   1025.2    33.0     2.7    1 775.8    57 095    46 438       63 749
                  Subtotal C1+C2+P1    2 582.4    825.9    26.6     2.7    2 132.8    68 572    46 438       75 227
Zone 1-A, 3, 4,           P1            957.6     414.5    13.3      -      396.9     12 761       -
       5
 All Goltsovoye     Total C1+C2+P1     3 540.0    714.6    23.0     2.7    2 529.7    81 333    46 438       87 987

 *- Lead not estimated for P1 resources
       Note:        Lead price used:                                       0.65 $/lb
                    Silver price used:                                       10 $/oz





Goltsovoye Zone 1&2 JORC Resource Statement by Wardell Armstrong February 2007
   Area     Resource Category      Tonnage         Silver          Lead           Silver          Lead       Silver
                                                                                                           Equivalent
                                    (000s)     (g/t)    (oz/t)      (%)       (t)     (000ozs)     (t)      (000ozs)
  Zone 1         Measured            334      1293.4     41.6      2.55       432      13 891     8 521      15 112
    &2          Indicated           1 027      927.0     29.8      2.83       952      30 611    29 055      34 775
           Measured + Indicated     1 361     1 016.9    32.7      2.76      1 384     44 502    37 576      49 887
                 Inferred            128       601.6     19.3      4.69       77       2 476      6 005      3 337
  Zone 2        Indicated            116       715.5     23.0      2.60       83       2 669      3 019      3 102
                 Inferred            792       760.1     24.4      2.24       602      19 357    17 738      21 899
  Zone 1         Measured            334      1 293.4    41.6      2.55       432      13 891     8 521      15 112
    &2          Indicated           1 143       906      29.1      2.81      1035      33 280    32 074      37 876
           Measured + Indicated     1 477      993.2     31.9      2.58      1 467     47 170    40 595      52 988
                 Inferred            920       738.0     23.7      2.75       679      21 833    23 743      25 235
                  Total             2 397      895.3     28.8      2.69      2 146     69 003    64 338      78 224
         Note:          Lead price used:                                                     0.65 $/lb
                        Silver price used:                                                     10 $/oz



The above tables show that the Russian 'C1, C2 and P1' resources for all Zones
have a contained 87.99 million of silver equivalent ounces (converting the lead
values to equivalent ounces of silver) compared to the Wardell Armstrong '
Measured, Indicated and Inferred' resource for Zones 1 and 2 of 78.22 million
ounces.



As part of Phase 2 of the Bankable Feasibility Study, which is expected to be
completed by the end of the year, Scott Wilson Mining is converting the Zone1
Measured and Indicated Resources into minable reserves and designing a 260,000
tonne per year mine.



Goltsovoye Water Supply

Based on hydro-geological studies two new water well holes have been drilled and
equipped for both process and potable water supplies for the mine. The report on
new water resources has been submitted to authorities for approvals.



Leonid Skoptsov, CEO of Ovoca Gold plc, said 'We are pleased with the approval
of these resources which is a milestone in the development of the Goltsovoye
project. In terms of new GKZ approved resources, the potential of Goltsovoye is
rather underestimated by international auditing and further study of Goltsovoye
ore field should bring new discoveries.'



The above information has been reviewed and verified by 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
41 years of mining engineering, management and consulting experience, graduated
as a mining engineer from the Cambourne School of Mines and has an M.Sc degree
in Economic Geology from Leicester University. He is a member in good standing
of the Institute of Materials, Mining and Metallurgy and is a UK Chartered
Engineer.



Ovoca Resources Plc is an international exploration company with dual listing in
                                 London (OVG.L)

     and Ireland (OVX.IR), exploring for Precious and base metals in Russia.



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

Leonid Skoptsov - Ovoca Gold Plc                  Alex Buck / Nick Bias - Buck Bias (UK PR)
Tel + 7 (0)495 648 2646                           Tel: [phone]
Email: [e-mail]              Email: [e-mail] / [e-mail]


John Frain - Davy                                 John O'Connor - Ovoca Gold Plc
Tel : [phone]                          Tel: [phone]
Email: [e-mail]                         Email: [e-mail]




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