Holding in Company

Ovoca Resources PLC
21 December 2004







                               Holding in Company



                              Ovoca Resources plc





Ovoca Resources Plc (Ovg.i Dublin : Ovg.l London) announces that on 20 December
2004 Minmet plc informed the Company  that they have disposed of 5,500,000
ordinary shares of EUR 0.025 each in Ovoca Resources plc on 20 December 2004.



Following the sale referred to above, Minmet plc's shareholding at that date was
5,500,000 Ordinary Shares representing 10.3% of the issued share capital of
Ovoca Resources plc.





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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