Exercise of Warrants

Ovoca Gold PLC
03 December 2007



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



                              Exercise of warrants



Warrants to subscribe for 5,030,313 ordinary shares of €0.025 each in the issued
share capital of the Company ('Ordinary Shares') have been exercised at a price
of 12 pence per Ordinary Share. An application has been made to the London Stock
Exchange and the Irish Stock Exchange for the Ordinary Shares to be admitted to
trading on the AIM and IEX markets respectively, with dealing expected to
commence on 7 December 2007.

Warrants over 26,973,913 Ordinary Shares with an exercise price of 12 pence
expired on 30 November 2007.

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.


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


Alex Buck / Nick Bias - Buck Bias (UK PR)

Tel: [phone]

Email: [e-mail] / [e-mail]



John O'Connor - Ovoca Gold Plc

Tel: [phone]

Email: [e-mail]








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