Issue of Equity

Ovoca Gold PLC
24 April 2008

Ovoca Gold PLC

24 April 2008

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

                                Issue of Equity

The Board of Ovoca announces that it has issued and allotted 5,100,000 ordinary
shares of €0.025 each in the issued share capital of the Company ('Ordinary
Shares') pursuant to the exercise of options. 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 AIM and IEX respectively, with dealing expected to
commence on 30 April 2008.


                                      Ends

Enquires:
John O'Connor
Tel: [phone]
Email: [e-mail]


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