Interim Results

Ovoca Resources PLC
28 December 2001

                                                           Ovoca Resources PLC

                                                                   York House,

                                                         Rear 176 Rathgar Road

                                                                      Dublin 6

                                                   Phone Intl + 353 1 491 2944

                                                     Fax Intl + 353 1 491 2945


                             OVOCA RESOURCES PLC

                            INTERIM STATEMENT 2001

Set out below is the unaudited consolidated profit and loss account of Ovoca
Resources PLC for the six month period ended 31st August 2001. The loss for
the six months reflects administration costs incurred during the period, and
no dividend is being recommended.

The Company has continued it's exploration program in Ireland during the year.
The Joint Venture Agreement was completed and signed with Amcorp (Ireland) Ltd
over properties at Cahir and Galway/Roscommon. Extensive airborne sureveys
were run on these properties and the results are currently being interpreted.
Drilling commenced on the Cahir property in early December 2001 and is
ongoing. A program of drilling is planned for the Galway property in the first
quarter of 2002. The exploration on the Limerick/Clare property is continuing.
Work on other projects is advancing satisfactorily and the preliminary report
is expected early in the first quarter of the new year.



                Unaudited Consolidated Profit and Loss Account

               for the Six month period ended 31st August 2001

                                        6 months to 31/8/01 6 months to 31/8/00

                                                        IR£                 IR£

Turnover - Continuing Operations                          -                   -

Operating Costs                                           -                   -
                                                    _______             _______
Operating Profit - Continuing                             -                   -
Operations

Administration Expenses                            (43,418)            (57,615)

Investment Income                                     1,152               6,132
                                                    _______             _______
LOSS ON ORDINARY ACTIVITIES                        (42,266)            (51,483)

BEFORE TAXATION

Taxation on Loss on Ordinary Activities                   -                   -
                                                    _______             _______
LOSS FOR THE FINANCIAL PERIOD                      (42,266)            (51,483)
                                                    =======             =======

Loss per Share
Undiluted                                           (0.15p)             (0.21p)
Fully diluted                                       (0.14p)             (0.20p)
                                                    =======             =======

For further information contact Mr. John O'Connor, [phone].

Copies of this report are available at the Company's offices at

                 York House, Rear 176 Rathgar Road, Dublin 6.


                                                             28 December 2001.