Re: Swedish Concession

Ovoca Resources PLC
31 August 2004



STARTS





Good Gold Grades for Ovoca on Swedish Concession



Ovoca Resources Plc (Ovg.i Dublin : Ovg.l London) is pleased to announce an
update on the company's on-going exploration programme in northern Sweden.



Nottjarn Licence Area.



The Nottjarn concession was claimed by Ovoca in May 2004.  Reconnaissance
geological mapping and geochemical sampling have been completed.  These results
have indicated two different target types.



 1. Mesothermal quartz veins with values of 12.8 g/t gold, 26 g/t silver and 1.1
    % copper.



2.       Porphyry style copper - gold mineralisation with values of 0.48 g/t
gold, 3 g/t silver, 0.4% copper and 0.04% molybdenum.



An area of outcrop (200 metres long by 20 metres wide) along a road cutting is
characterised by a medium - grained granodiorite with clear evidence of
hydrothermal alteration.  Channel samples have returned consistent Cu, Mo and Au
values.  The best values sampled to date are 0.48 g/t Au, 3 g/t Ag, 0.4% Cu and
0.04% Mo.



East of the roadside exposure the potassic - altered granodiotite is cut by
sub-parallel quartz veins up to several metres thick.  They contain trace to 1%
sulphides (mainly chalcopyrite - possibly trace chalcocite).



Nottjarn displays many characteristics of a porphyry - style system.  The
geochemistry, potassic alteration, and multiple phases of intrusion support the
porphyry model.



Current bedrock exposure is only about 2%.  Ground magnetic data indicates
significant potential to extend the aerial extent of the mineralised
granodiorite beneath the till cover.



Klippen Licence Area.



  • Trench samples with 2 metres at 2.8 g/t gold, 22.4 g/t silver, 0.04 %
    arsenic and 0.5 % copper.



During May and June 2004 Ovoca undertook a trenching programme designed to
extend the mineralised zone found by Terra Mining.  Mineralisation comprises
mainly fracture-controlled and disseminated coarse-grained sulphides
(chalcopyrite, arsenopyrite, pyrrhotite and pyrite) hosted by a weakly
porphyritic granodiorite.  The best intersect coincides with a north striking
fracture that gave 2 metres at 2.8 g/t gold, 22.4 g/t silver, 0.04 % arsenic and
0.5 % copper.  The results show that the mineralised zone defined by Terra
Mining does not extend along strike.



Further mapping and sampling in the south east of this extensive licence area
has outlined a mineralised silicic unit. This is approximately 10 metres wide
and appears to follow the regional bedding orientation. It contains disseminated
arsenopyrite and gave gold values of 1.89 g/t.



A full review of the geochemical data for the Klippen area with geochemical
anomalies ranked in priority order for follow up work is currently underway.



Mr Richard O Shea CEO stated "The results obtained from Nottjarn are extremely
encouraging. Work over the next few months will concentrate on increasing the
extent of these mineralized zones. Ovoca is working towards developing a
balanced portfolio of projects along the "Gold Line" in Sweden.  We are also
advancing several other of our Concession Areas and will be updating
shareholders on developments on these over the coming months."





Date : 31 August 2004.



For further information contact



Mr Richard O'Shea      CEO Ovoca Resources plc                   Ph + 353 (0)87
256 0397



www.ovoca.ie



ENDS

This announcement has been issued through the Companies Announcement Service of

                           the Irish Stock Exchange.




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