Drilling Update

Ovoca Gold PLC
02 November 2006

                                 OVOCA GOLD PLC



                Ovoca announces high-grade silver intersections





Ovoca Gold Plc (AIM: OVG; IEX: OVX) is pleased to announce additional drilling
results from its 2006 drilling programme on the Goltsovoye Silver Deposit, in
the Magadan Province of Eastern Russian.

These additional drilling results (detailed in the table below) show assays of up to 3,710 grammes per tonne of silver 
and, following on from the previously reported drilling results, continue to confirm the presence of a high grade silver
deposit.

Commenting on these additional drilling results, Dr. Barrie Oakes, Chief Executive Officer of Ovoca Gold stated that: 
'The assay results from the drilling programme continue to demonstrate that Goltsovoye is one of the highest grade 
silver deposits in the world'.

Results to date of the 2006 Drilling Programme on the Goltsovoye Silver Deposit



The drilling programme is concentrated on 2 zones and covers an area of 2 square
kilometres with the objectives of confirming previous Soviet exploration data
and upgrading resources. To date 3,288 metres, in 19 holes, of drilling have
been completed with assays for 6 holes received to date from a planned 3,920
metres in a 25 hole programme. This programme will be completed by the end of
November.
Wardell Armstrong International is working on a Bankable Feasibility Study on the Goltsovoye Silver deposit, Ovoca 
Gold's flagship project, with production planned for 2008. The drilling programme is part of this study and the results 
reported below are from the Zone 1 ore bodies.


     Borehole             Interval           Length                Silver
                      From        To                   Grammes per  Ounces per tonne
      Zone 1        (metres)                              tonne
                               (metres)     (metres)
New Results

       GDA-1          100.0      100.5        0.5         1,022          32.86

       GDA10          81.5       83.3         1.8          874            28.1
     Including        82.6       83.3         0.7         1,891          60.79

      GDA-12          56.8       58.8         2.0          493           15.85

      GDA-13          78.0       79.0         1.0          851           27.36

                      120.0      122.0        2.0         1,684          54.14

                      125.0      129.5        4.5         1,408          45.27
     Including        126.3      127.3        1.0         3,710          119.27

                      128.5      129.5        1.0         1,230          39.54

Previously Reported

       GDA9           39.6       43.6         4.0         2,857           91.9
     Including        39.6       40.6         1.0        10,031          322.5

                      26.6       33.6         7.0          886            28.5
     Including        26.6       27.6         1.0         1,609           51.7
     Including        29.6       30.6         1.0         2,152           69.2
     Including        31.8       32.6         0.8         1,201           38.6

                      65.5       66.5         1.0         1,335           42.9

       GDA10          90.0       94.0         4.0         1,054           33.9
     Including        91.5       92.5         1.0         3,942          126.7

                      139.3      140.5        1.2          731            23.5

       GDA8           102.5     105.35        2.85        2,972           95.5
     Including        102.5      104.0        1.5         1,622           52.1
     Including       104.95     105.35        0.4        15,057          484.1


Core recovery is between 95% and 100%.

The drilling results continue to confirm the presence of significant grades of silver within the main ore bodies of Zone
1. Practically all the drill hole intersections are at least 500 grammes per tonne (16 ounces per tonne) silver, higher 
than the minimum planned mill head grades of 300 grammes per tonne (9.6 oz. per tonne).

The above information has been reviewed and verified by Mr. Roger Turner, Director and Chairman of Ovoca, 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 an MSc degree in Economic Geology from Leicester University and is a member in good 
standing with the Institute of Materials, Mining and Metallurgy and a UK Chartered Engineer.

Glossary:

Core Recovery:
Difference between the amount of core expected from the metres drilled to the measured amount expressed as a percentage

Interval:
Measured length of core from top of hole along the length of the hole



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       Nick Bias / Alex Buck - Buck Bias (UK PR)
Tel: [phone]                                    Tel: [phone]
Email: [e-mail]                       Email: [e-mail] / [e-mail]

John Frain - Davy                                           Richard Chase- Ambrian (AIM Broker)
Tel: [phone]                                     [phone]
Email: [e-mail]                                   Email: [e-mail]

Tom McCormack - Connexions PR
Tel:+ 353 (0)86 245 4215 + 353  (0)1  230 3015
Email: [e-mail]






2 November 2006


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