Drilling Results

Ovoca Gold PLC
18 February 2008

                     Ovoca Gold Announces Drilling Results

    On Major Molybdenum Discovery on its Kola Licences in North West Russia



                                                                February 18 2008





Ovoca Gold Plc, AIM (OVG.L) and IEX (OVX.IR) ('Ovoca') is pleased to announce
the interim results of a 3,000 metre diamond drill programme in 23 holes on it's
Pellapack property in the Kola Penninsula. Over the past 12 months, these holes
were drilled to confirm, and add to, a preliminary drill programme carried out
during the Soviet era on this significant molybdenum - copper property.



Ovoca's holes have been spaced at 100 to 150 metres apart along 10 profile
lines, also spaced at between 100 and 150 metres apart, across the known
mineralisation. The mineralisation occurs as a series of sub-parallel en echelon
ore bodies. There are a total of 70 drill intersections showing ore bodies range
from 5 to 110 metres in thickness.



A preliminary non-JORC inferred resource evaluation using Datamine(R) and
applying a 0.03% molybdenum cut off grade implies a resource of 132 million
tonnes of ore at 0.06% molybdenum equivalent grade (using current metal prices
to calculate the molybdenum equivalent grade of the copper content) totalling
79,200 tonnes of molybdenum equivalent metal.



Metallurgical test work carried out by Gintsvetmet, a leading Russian non
ferrous metallurgical laboratory, indicates that recoveries of molybdenum and
copper of 82% into concentrates using a simple flotation process can be achieved
on these sulphide ores during operations. Further metallurgical test work will
be carried out.



Ovoca is currently carrying out a further 5,500 metre, 21 hole, infill drill
programme between the existing 10 profiles of holes and to replace some of the
shallow Soviet holes. A tighter grid of 50x100 meters is planned for a rich
central part of the Pellapakh deposit. This will give a better defined resource
to a depth of 300 metres from surface, 400 metres across the mineralised zone
and along a total strike length of 1,100 metres The 21 hole drilling programme
is scheduled to be complete by the end of Q2 2008 when a report on 'The
Pellapakh Resource Estimate' will be prepared and submitted to the State
Committee for Geology (GKZ) for approval in Q3 2008.



Pellapakh is a potential large scale open pit deposit. It is still open along
strike and in depth with significant geochemical and geophysical anomalies to
the north which have not yet been drilled.



Leonid Skoptsov, the Ovoca CEO, stated:     'The drilling results at Pellapakh
indicate that the Company has discovered a world class molybdenum deposit with a
potential resource comparable to that of the major molybdenum producers of the
world. It is located 50 kilometres away from a plentiful source of power from
the hydropower station at Serebryanskaya; it is 160 kilometres away from the
largest Russian sea port at Murmansk; the nearest rail road station at Revda is
just 80 kilometres away and the major mining community of Lovozero is only 60
kilometres from the deposit. With molybdenum prices over US$70,000 a tonne this
major discovery has, we believe, massive potential for the Company and we will
continue with the work in progress without losing sight of our main objective of
bringing Goltsovoye into production.'





Qualified Person

The above information has been reviewed and verified by Mr. Roger Turner,
Director of Ovoca Gold Plc, 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 40 years of mining engineering, management and consulting
experience, graduated as a mining engineer from the Camborne School of Mines,
has a M.Sc. degree in Economic Geology from Leicester University and is a member
in good standing with the Institute of Materials, Minerals and Mining and a UK
Chartered Engineer.

Ovoca Gold 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, Sweden and Ireland



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

Tel : [phone]

Email: [e-mail]



The following table has been derived from data obtained from published
information from Government of British Columbia in Canada (a major molybdenum
producing Province) for comparison purposes to put the potential of Pellapakh
into perspective.
                                                                       Resources
      Deposit                  Owner               Tonnes        Molybdenum       Copper    Moly  Eq
                                                                                              Metal
                                                  Millions            %             %       K Tonnes
Ruby Creek           Adanac Moly Corp               205             0.062                       127
Ajax                 Tenajon Resources Corp         174             0.074                       129
Berg                 Placer Dome                    250             0.031           0.39        182
Davidson             Blue Pearl Mining               75             0.177                       133
Endako               Endako Mines Ltd                81             0.063                        51
Highland Valley      Tek Cominco                    252             0.010           0.42        138
Kitsult - BC Moly    Phelps Dodge                   104             0.110                       114
Mac                  Silvercorp Metals Inc          100             0.072                        72
Maggi                Richard Billingsley            181             0.029           0.28        107
Trout Lake           RocaMines Ltd                   43             0.120                        52
Haven Lake           Red Bird Resources              64             0.100                        64
Schaft Creek         Copper Fox Metals Inc          332             0.026           0.39        225
Storie               Eveready Resources Corp        101             0.078                        79
Pellapakh*           Ovoca Gold                     132            0.060**                       79
*Non JORC Resources - Comparison with world major molybdenum deposits.

** Grade as Molybdenum Equivalent

Note:                   Mo price $/t=    73 000

                             Cu price $/t=        7 800

Table data source:  http://www.empr.gov.bc.ca/mining/geolsurv/Publications/GeoFiles/Gf2005-23/toc.htm


Summary of Ovoca and Soviet Diamond Drill Hole Results at Pellapakh

     BHID         From       To       Length      Mo      Mo Metal      Cu      Cu Metal     Mo Eq     Mo Eq    Drilled
                                                           Accum                 Accum                 Metal      by
                    m         m         m          %                    %                      %       Accum
                                                           % x m                 % x m                 % x m
      C-BF-036A       6.6      11.7        5.1    0.011        0.055    0.388        1.979     0.053     0.273     Ovoca
      C-BF-036A      28.4      34.9        6.5    0.014        0.091    0.202        1.313     0.036     0.235     Ovoca
      C-BF-036A      92.0     144.0       52.0    0.021        1.094    0.254       13.227     0.049     2.549     Ovoca
      C-BF-036A     117.0     125.0        8.0    0.025        0.200    0.113        0.902     0.037     0.299     Ovoca
      C-BF-036A     149.0     157.0        8.0    0.023        0.186    0.150        1.200     0.040     0.318     Ovoca
      C-BF-036A     179.0     189.0       10.0    0.015        0.148    0.164        1.640     0.033     0.328     Ovoca
      C-BF-036A     197.0     203.0        6.0    0.028        0.166    0.152        0.914     0.044     0.267     Ovoca
       C-BF-037      83.0     155.9       72.9    0.030        2.206    0.143       10.458     0.046     3.356     Ovoca
       C-BF-037     113.2     128.9       15.7    0.017        0.270    0.215        3.368     0.041     0.640     Ovoca
       C-BF-038      83.0     165.0       82.0    0.024        1.944    0.138       11.334     0.039     3.191     Ovoca
       C-BF-038     130.8     166.9       36.1    0.021        0.755    0.193        6.978     0.042     1.522     Ovoca
       C-BF-038     163.0     172.3        9.3    0.020        0.184    0.118        1.097     0.033     0.304     Ovoca
       C-BF-038     196.6     214.3       17.7    0.019        0.333    0.130        2.296     0.033     0.585     Ovoca
      C-BF-067B       6.0      11.0        5.0    0.033        0.163    0.107        0.534     0.044     0.222     Ovoca
      C-BF-067B      40.0      56.0       16.0    0.023        0.361    0.112        1.798     0.035     0.559     Ovoca
      C-BF-067B      82.6      96.1       13.5    0.031        0.420    0.165        2.234     0.049     0.666     Ovoca
      C-BF-067B     117.9     143.1       25.2    0.039        0.971    0.161        4.066     0.056     1.418     Ovoca
          B-003     101.7     121.1       19.4    0.018        0.355    0.130        2.516     0.033     0.632     Ovoca
          B-003     122.1     127.1        5.0    0.034        0.168    0.131        0.654     0.048     0.240     Ovoca
          B-003     152.2     167.8       15.6    0.023        0.363    0.113        1.767     0.036     0.558     Ovoca
       C-BF-069      43.0      48.0        5.0    0.029        0.144    0.047        0.237     0.034     0.170     Ovoca
       C-BF-070      47.5      52.5        5.0    0.053        0.266    0.016        0.079     0.055     0.275     Ovoca
       C-BF-071       6.3      11.3        5.0    0.017        0.085    0.145        0.727     0.033     0.165     Ovoca
       C-BF-081      26.1      37.1       11.0    0.039        0.433    0.089        0.983     0.049     0.541     Ovoca
       C-BF-081      68.0      85.0       17.0    0.023        0.384    0.089        1.517     0.032     0.551     Ovoca
       C-BF-081      99.0     105.0        6.0    0.034        0.202    0.151        0.906     0.050     0.302     Ovoca
       C-BF-082      11.0      16.0        5.0    0.025        0.124    0.147        0.734     0.041     0.205     Ovoca
       C-BF-082     101.0     106.0        5.0    0.042        0.212    0.086        0.430     0.052     0.259     Ovoca
       C-BF-151      32.3      42.2        9.9    0.013        0.132    0.224        2.216     0.038     0.376     Ovoca
       C-BF-151      96.7     101.7        5.0    0.024        0.119    0.088        0.442     0.034     0.168     Ovoca
       C-BF-144      67.8      94.6       26.8    0.042        1.130    0.121        3.251     0.055     1.487     Ovoca
       C-BF-144      87.4      92.4        5.0    0.106        0.531    0.092        0.458     0.116     0.581     Ovoca
       C-BF-147      84.4     124.9       40.5    0.020        0.791    0.116        4.680     0.032     1.306     Ovoca
       C-BF-148      19.3      32.1       12.8    0.024        0.307    0.071        0.903     0.032     0.406     Ovoca
       C-BF-149        37      42.0        5.0    0.028        0.141    0.174        0.869     0.047     0.237     Ovoca
       C-BF-149        80     115.4       35.4    0.024        0.853    0.159        5.642     0.042     1.474     Ovoca
          C-525      89.0      98.3        9.3    0.095        0.880    0.107        0.991     0.106     0.989    Soviet
          C-526      65.3      82.3       17.0    0.053        0.903    0.177        3.003     0.073     1.233    Soviet
          C-530      72.2      86.2       14.0    0.023        0.320    0.129        1.800     0.037     0.518    Soviet
          C-534     147.2     204.2       57.0    0.024        1.387    0.166        9.452     0.043     2.427    Soviet
          C-902      50.0     100.2       50.2    0.023        1.130    0.119        5.990     0.036     1.789    Soviet
          C-904      43.8      78.4       34.6    0.026        0.900    0.085        2.929     0.035     1.222    Soviet
          C-904     118.9     176.2       57.3    0.066        3.797    0.177       10.144     0.086     4.912    Soviet
          C-67A     113.5     223.3      109.8    0.081        8.876    0.412       45.281     0.126    13.857    Soviet
           C-72      40.5      54.9       14.4    0.036        0.520    0.235        3.375     0.062     0.891    Soviet
           C-73     122.9     232.5      109.6    0.034        3.683    0.406       44.518     0.078     8.579    Soviet
           C-74      89.1     168.1       79.0    0.033        2.589    0.148       11.731     0.049     3.879    Soviet
          C-246      65.8      80.0       14.2    0.048        0.680    0.138        1.959     0.063     0.896    Soviet
          C-246     183.4     192.8        9.4    0.022        0.209    0.098        0.918     0.033     0.310    Soviet
          C-248      33.0      45.8       12.8    0.031        0.393    0.098        1.252     0.041     0.530    Soviet
          C-248     198.0     204.2        6.2    0.025        0.153    0.141        0.872     0.040     0.249    Soviet
          C-248     229.4     246.4       17.0    0.027        0.451    0.116        1.970     0.039     0.668    Soviet
          C-249      13.4      19.4        6.0    0.020        0.122    0.104        0.625     0.032     0.191    Soviet
          C-249      36.0      44.6        8.6    0.036        0.308    0.105        0.903     0.047     0.407    Soviet
          C-249      67.4      73.8        6.4    0.023        0.144    0.118        0.753     0.035     0.227    Soviet
          C-249     121.8     160.5       38.7    0.031        1.206    0.117        4.518     0.044     1.703    Soviet
          C-250      63.2      74.7       11.5    0.025        0.286    0.305        3.505     0.058     0.671    Soviet
          C-250     105.2     114.5        9.3    0.026        0.245    0.194        1.800     0.048     0.443    Soviet
          C-250     155.8     163.5        7.7    0.040        0.306    0.096        0.739     0.050     0.388    Soviet
          C-250     183.4     197.9       14.5    0.027        0.394    0.107        1.554     0.039     0.565    Soviet
          C-250     305.6     407.7      102.1    0.029        2.966    0.101       10.351     0.040     4.105    Soviet
          C-250     337.8     347.6        9.8    0.039        0.387    0.086        0.845     0.049     0.480    Soviet
          C-250     358.8     365.8        7.0    0.032        0.227    0.099        0.696     0.043     0.303    Soviet
          C-509     108.6     116.6        8.0    0.040        0.320    0.150        1.200     0.057     0.452    Soviet
          C-511      50.0      68.0       18.0    0.034        0.609    0.155        2.790     0.051     0.916    Soviet
          C-511     173.7     193.4       19.7    0.012        0.238    0.190        3.750     0.033     0.651    Soviet
          C-533      39.1      68.2       29.1    0.043        1.251    0.216        6.296     0.067     1.944    Soviet
          C-533      66.0      82.4       16.4    0.039        0.632    0.357        5.860     0.078     1.277    Soviet
          C-533     116.2     139.4       23.2    0.032        0.735    0.262        6.072     0.060     1.403    Soviet
          C-533     145.0     154.0        9.0    0.013        0.118    0.229        2.060     0.038     0.345    Soviet
Total                                   1585.2    0.034         53.6    0.186        294.8     0.054      86.1

Mo price $/t =      73 000
Cu price $/t=        7 800




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