Consultancy Appointment

Ovoca Gold PLC 30 May 2007 NEWS RELEASE 30 May 2007 Ovoca Gold plc ('Ovoca' or the 'Company') Appointment of Scott Wilson Mining Ltd. to produce a Bankable Feasibility study for its Goltsovoye Project Ovoca Gold Plc (AIM: OVG; IEX: OVX) is pleased to announce that Scott Wilson Mining Limited (SWM) London has been appointed as lead consultants to produce the Bankable Feasibility Study ('BFS') for Ovoca's flagship Goltsovoye Silver Deposit in the Magadan Province of Russia. The BFS will be completed before the end of the year. Since the completion of the Wardell Armstrong report, Phase 1 of the Bankable Feasibility Study, engineering design and testwork has continued on mining, metallurgy, infrastructure and tailings disposal. This, together with site works which were commenced after the winter, and will continue through the summer, will allow the Company to meet its original construction and production timetable. Recent liberalization in Russian legislation allowing treatment of precious metal concentrates outside Russia have simplified the flow sheet to a gravity and flotation circuit. Leonid Skoptsov, Chief Executive Officer of Ovoca, commented: 'The commissioning of Scott Wilson is another milestone achieved towards the completion of the Goltsovoye Silver mine. The work undertaken since the completion of the Phase One Bankable Feasibility Study in February 2007 has advanced the project significantly in terms of proposed mining and processing methods. The project is on track to commence mining in the first quarter of 2009. As this date approaches, road access upgrade work and the purchase and moving to site of some heavy equipment and fuel storage tanks is underway. Other critical site activities are ongoing throughout the summer and will be reported as these developments occur.' The following is a list of all of consultants involved in the Bankable Feasibility Study: Consultant Function Scott Wilson Mining Project Manager Resources Mining Infrastructure Tailings Disposal, Hydrology, Geotechnical Financial and Marketing GBM Minerals Engineering Process plant Design Consultants Wardell Armstrong International Environmental baseline and Impact 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 John O'Connor - CFO - Ovoca Gold Plc Tel: +44 (0)207 397 8159 Tel: +44 (0)207 397 8152 Email: simon.beardsmore@ovocagold.com Email: john.oconnor@ovocagold.com John Frain - Davy Nick Bias / Alex Buck - Buck Bias (UK PR) Tel: +353 (0)1 679 6363 Tel: +44 (0)7887 920 530 / +44 (0)7932 740 452 Email: john.frain@davy.ie Email: nick@buckbias.com / alex@buckbias.com This information is provided by RNS The company news service from the London Stock Exchange
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