Operational Update

Ovoca Gold PLC
17 May 2007



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


                               Operational Update


          Ovoca Gold successfully completes Goltsovoye license review


Ovoca Gold is pleased to announce the successful completion of a routine
scheduled license review. The review involved the verification of compliance of
CJSC Prospectors Artel Ayax's ('Ayax') licence obligations for the Goltsovoye
silver deposit license. Ovoca Gold owns 74% of Ayax and has the option to
acquire the remaining 26% up to 18 April 2008.


The Russian Federal Supervisory Natural Resources Management  Service
(Rosprirodnadzor) has issued a detailed statement (Act # 02n-07) on the status
of the Goltsovoye license. The Federal Inspectorate has verified Ayax's
fulfillment and compliance of its current license obligations.


Ovoca Gold's work program at the Goltsovoye deposit is currently on-schedule.
Upon commencement of production at the Goltsovoye mine, Ovoca Gold expects to
employ 300 to 400 people in the Magadan Region and provide an estimated annual
tax revenue of approximately 300 mn rubles.


The Governor of Magadan, N. N. Dudov, in his annual regional address made on 20
February 2007 said 'There are high hopes connected to the development of
Goltsovoye - and the (Ovoca Gold) management intends to complete the task as
planned.'


Ovoca Gold continues to implement a 'greener' approach to mining


Ovoca Gold continues to make a concentrated effort to take a responsible
corporate approach to the environmental considerations of mining in the Magadan
Region.


Leonid Skoptsov, Ovoca Gold's CEO, comments: 'As the Company moves closer to
mine construction, management has been working jointly with leading Russian
scientific institutes to develop highly environmental-friendly mining and
metallurgic solutions for the planned Goltsovoye mine.  The proposed solutions
ensure that mining activity at Goltsovoye will have a minimum impact on the
surrounding area. I and the Ovoca Gold team have been working hard to finalize a
development plan that will significantly decrease environmental risks associated
with tailing storage, lead by-product emissions and overall aboveground
topography damage, which notably should also significantly decrease reclamation
costs in the future.


Building on Russian President Vladimir Putin's comments regarding the need for 
'green' industrial activities, Ovoca Gold hopes that its efforts will encourage
other mining corporations owned by Russians and operating in Russia to be
responsible stewards of our environment.  Ovoca Gold has executives and
shareholders who are lifelong residents of the Russian Far East, who have a
direct interest in ensuring that the company's contribution to local economic
prosperity is properly balanced with environmental protection, so that future
generations can continue to enjoy the unique nature of the Magadan Region. '





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, Sweden
                                  and Ireland







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

Simon Beardsmore, Commercial Manager, Ovoca Gold Plc
Tel [phone]
Email [e-mail]


Nick Bias - Buckbias PR
Tel [phone]
Email [e-mail]






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