Issue of Consideration Shares

Ovoca Gold PLC
14 September 2007

                   Ovoca Gold PLC ('Ovoca' or the 'Company')

                         Issue of Consideration Shares


Further to the announcement on 13 September 2007, an application has been made
to the London Stock Exchange and the Irish Stock Exchange for 43,007,250
ordinary shares of €0.025 each in the issued share capital of the Company ('
Ordinary Shares') to be admitted to trading on the AIM and IEX markets
respectively, with dealing expected to commence on 20 September 2007. These
Ordinary Shares have been allotted to a number of shareholders of CJSC
Prospectors Artel Ayax pursuant to the exercise of the Option Agreement, as
defined in the circular distributed to shareholders on 18 May 2006 (the 'Option
Agreement'). As part of this issue, certain directors of the Company will
receive Ordinary Shares. The number of Ordinary Shares being allotted to them
and their resultant shareholdings in the Company are as follows:

                                                 No. Ordinary         Resultant       Resultant
                                              Shares Allotted           Holding               %
Leonid Pavlovich Skoptsov                           8,270,625         8,270,625            2.29
Yuri Ivanovich Radchenko                            8,270,625         8,270,625            2.29

Salyco Trading Co. Limited (1)                     14,334,375        61,687,718           17.09
Subishico Trading Co (2)                            6,063,750        29,692,293            8.23
Pickco Trading Co. Limited (3)                      6,067,875        45,710,533           12.67



(1)   Mikhail Alexandrovich Mogutov is the beneficial shareholder of Salyco
Trading Co. Limited.

(2)   The Saint George Trust, of which Leonid Pavlovich Skoptsov is a director
on the board of trustees and beneficial owner of, is the beneficial shareholder
in Subishico Trading Co Limited.

(3)   Yuri Ivanovich Radchenko is the shareholder of Pickco Trading Co. Limited.



At an extraordinary general meeting of the Company held on 7 June 2006, a
majority of independent shareholders approved, inter alia, the increase in the
percentage of the issued share capital of the Company owned or controlled by the
above mentioned directors and their concert parties pursuant to the Option
Agreement, without triggering an obligation under the Irish Takeover Rules to
make a general offer for the balance of the issued share capital of the Company.


About Ovoca Gold plc:

Ovoca Gold Plc is an international exploration company quoted in London (OVG.L)
and Dublin (OVX.IR), exploring for precious and base metals in Russia and
Sweden.


For further information, www.ovocagold.com or contact:

John O'Connor - Company Secretary, Ovoca Gold plc
Tel: [phone]
Email: [e-mail]


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