Operational Update

Ovoca Gold PLC
13 September 2007

                                 Ovoca Gold plc

                               Operational Update

Ovoca Gold Plc, the London AIM (OVG.L) and IEX (OVX.IR) ('Ovoca') is pleased to
announce that it has decided to acquire the 26% it does not already own of the
shares of CJSC Prospectors Artel Ayax ('Ayax'), after having received a detailed
statement from the Federal Inspectorate 'Rosprirodnadzor' on 28 April stating
that Ayax has fulfilled its obligations, and is in compliance, with regard to
the Goltsovoye mining licence.  The consideration for this acquisition, as per
the terms laid out in the 7 June 2006 Option Agreement, is the issuance of
43,007,250 new shares in Ovoca Gold Plc. Application will be made to the London
Stock Exchange and Irish Stock Exchange for these shares to be admitted to
trading on the AIM and IEX markets respectively.

In addition, Ovoca is pleased to announce that it has secured a short term line
of credit for US$5 million to be used for road and camp construction at
Goltsovoye. The loan is repayable on 31 March 2008.  Additional financing is
being discussed, which if secured, will be used to accelerate the site works to
reduce the construction time. The BFS is still on schedule for completion before
the end of this year.

Update on the Goltsovoye Project.

Scott Wilson Mining (SWM) have completed the review of the JORC classified
reserves and confirmed the previous reserve statement from Wardell Armstrong
International (WAI).  Goltsovoye is being designed as an underground operation
at a rate of 260,000 tonnes a year of ore. Detailed mining and development
schedules are underway with an emphasis on a pre-production schedule to enable
an early mining contract to be placed. SWM have a detailed physical model of the
orebody and recommend a mechanised operation with some manual mining techniques
in narrow orebodies.

GBM Minerals Engineering (GBM) are the main plant designers. The Magadan
institute GOT has been awarded a contract to adapt the design to meet Russian
construction standards. Metallurgical testwork by Tsnigri and WAI is complete
and an agreed process plant flowsheet, which recovers 93% of the silver, has
been designed by GBM to produce flotation and gravity concentrates without the
use of a cyanide circuit. Process plant equipment specifications have now been
developed and general arrangement drawings have been completed.

Various tailings disposal options have been studied and the optimum system of
thickened wet tailings, stored in a lined dam facility, have been selected.
Geotechnical drilling is ongoing to confirm the suitability of the selected
site. The location of all infrastructure has been finalised and designs
completed. Site selection geotechnical drilling is ongoing.

The Environmental Impact Study by WAI is progressing and as soon as all key
project parameters are finalised in detail Public Meetings will be held in
Magadan and Omsukchan. Meeting have been held between Ayax Directors and the
Governor, Mr. L.M. Shadrin, of the Omsukchan region and written support and
encouragement for the speedy implementation of the project has been received
from his office.

A project implementation schedule and details of planned staffing, sources of
labour and contractors are complete in first draft. When construction commences
it will utilise local and regional fabricators and construction companies.
Preliminary marketing studies for the concentrates have commenced as have
project finance discussions.

Ayax is presently upgrading the 38 kilometre access road to the site. Equipment
now owned and operated by the company includes bulldozers, trucks, shovels
scrapers and a road roller. Accommodation at site has been completed for
employees and contractors who are engaged on this road construction as well as
site investigation drilling and environmental base line studies.

Update on Kola Exploration

Since May 2007, a total of 4,950 metres of drilling have been completed in 42
holes on the Kola exploration properties.  24 of these holes have been completed
on the Nyalm property, 11 on Pellapahk and 7 on Oleninskoye.  In addition a
total of 8 trenches along 843 metres have been completed on the Nyalm deposit.
At present 1,370 core samples from 26 holes as well as 172 channel samples from
the trenches have been prepared and shipped for assay.  Upon completion of the
geological logging, core splitting and sampling there will be an additional 800
core samples and 200 channel samples which will be shipped for assay
representing the work completed to-date.

A topographic survey at 1: 5000 and 1: 2000 scales has been carried out at
Pellapahk and Oleninskoye, and preliminary metallurgical testwork has been
carried out on a 250 kilogram bulk sample formed from borehole core from
Pellapahk.

Hydrogeology and geotechnical studies have also been carried out at Pellapahk
and Oleninskoye.

To complete this phase of the work programme a further 7 drill holes are planned
as well as 4 trenches totalling 120 metres at Oleninskoye and 2 trenches over
100 metres at Leshaya.

From the assay results received to date the deep core drilling has confirmed the
extension of the Oleninskoye orebody #3 to a depth of over 300m.  Nyalm drilling
has intersected extensive zones of mineralised quartz stockwork intersected over
thicknesses of 7-15 meters with gold grades of 1.0 to 1,5 grammes per tonne
within which are high grade veins with gold grade of from 4,7 to 11,2 grammes
per tonne.  Drilling on the Pellapahk molybdenum, copper deposit has defined an
extensive mineralised zone with the potential to be very large.  The mineralised
zone remains open along strike.  There is a potentially similar sized satellite
deposit to the north outline by a similar geochemical anomaly to that of
Pellapahk which is as yet unexplored.

Assay results have been delayed as a result of the workloads being experienced
by assay offices but the results will be reported when they are received and
analysed.

Leonid Skoptsov, Ovoca's CEO, states that 'The Goltsovoye Bankable Feasibility
Study is progressing as planned and activities on site are being carried out to
enable us to mobilise construction as quickly as possible. Road upgrading work
is underway, equipment has been purchased and initial accommodation and fuel
storage facilities have been built. We are actively looking at ways to
accelerate the site construction activities. At Kola work has been underway for
the past four months with drilling programmes focused on Oleninskoye, Leshaya
and the Nyalm deposits. There is a backup of assays awaiting results due to the
heavy workload of all assay laboratories and we eagerly await the results in the
coming weeks. The programme for the winter months will be decided once these
results have been received and analysed.'

The above information has been reviewed and verified by Roger Turner, Director
and Chairman of Ovoca, for the purposes of the Guidance Note for Mining, Oil and
Gas Companies issued by The London Stock Exchange in March 2006. Mr. Turner,
with 41 years of mining engineering, management and consulting experience,
graduated as a mining engineer from the Cambourne School of Mines and is a
member in good standing with the Institute of Materials, Mining and Metallurgy
and a UK Chartered Engineer.

Ovoca Resources 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, Sweden and Ireland

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

Leonid Skoptsov - Ovoca Gold Plc                      Nick Bias / Alex Buck - Buck Bias (UK PR)
Tel + 7 (0)495 648 2646                               Tel: [phone]
Email: [e-mail]                  Email: [e-mail] / [e-mail]

John Frain - Davy                                     John O'Connor - Ovoca Gold Plc
Tel : [phone]                              Tel: [phone]
Email: [e-mail]                             Email: [e-mail]



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