Holding in Company

Ovoca Resources PLC
29 December 2004


                                                              NEWS RELEASE
                                            December 24, 2004







HOLDINGS IN COMPANY





Ovoca Resources Plc (Ovg.i Dublin : Ovg.l London) announces that Minmet plc has
informed the Company  on 24 December 2004 that they have disposed of 5,500,000
ordinary shares of EUR 0.025 each in Ovoca Resources plc on 23 December 2004.



Following the sale referred to above, MinMet plc do not hold any shares of Ovoca
Resources plc.





The Company has also been informed on 24 December 2004 by Mr. Tom O'Gorman that,
following transactions on the 21 to 24 December 2004, he has increased his
holding in the Company, and now holds 5,000,000 ordinary shares in the Company,
representing 9.39% of the issued capital of the Company.










Enquiries


Richard O'Shea CEO

Ovoca Resources plc

+ 353 (87) 256 0397



John O'Connor CFO

Ovoca Resources plc

+ 353 (1) 491 2944



This announcement has been issued through the Companies Announcement Service of

                             the Irish Stock Exchange.



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