Re: Interim Results

Ovoca Resources PLC
30 December 2003

                                                             Ovoca Resources PLC

                                                                     York House,

                                                           Rear 176 Rathgar Road

                                                                        Dublin 6

                                                     Phone Intl + 353 1 491 2944

                                                     Fax  Intl  + 353 1 491 2948



OVOCA RESOURCES PLC

INTERIM STATEMENT 2003



Set out below is the unaudited consolidated profit and loss account of Ovoca
Resources plc for the six month period ended 31st August 2003.  The loss for the
six months reflects administration costs incurred during the period in both
Ovoca and Optimum Energy, and no dividend is being recommended.



CHAIRMAN'S STATEMENT



        The last six months have seen considerable changes at Ovoca. Firstly I
would like to offer my condolences and that of the Board to the family of our
late Managing Director Frank Buckley. Frank was an honest and dedicated man in
both his work and to his family and he is sadly missed.



        Ovoca has refocused on gold exploration activities in Scandinavia and
will be commencing ground IP surveys over two of its new licence areas on the "
Gold Line" in Sweden with follow up trenching and drilling planned over the next
few months.  These two licences are part of a group of licences acquired from
Minmet plc by the issue of 11 million new Ovoca shares, giving MinMet
approximately 22.5% of the enlarged share capital of Ovoca.



        The first of these will be the Klippen Project where previous trenching
has encountered 6.4 g/t gold over a 5 meter interval and a 20 meter zone with
2.3 g/t gold and greater than 1% copper.



        The second licence area will be the Krokliden Project.  Krokliden covers
2,850ha and is adjacent to Dragon Mining's "Svartliden" gold mine. This mine has
2.6 Mt @ 4.8 g/t gold and is expected to be in production early next year.
Ovoca's licence area is less than 1 km east of the mine.



        I would like to welcome to the Board three new Directors. The first is
Richard O'Shea who joined the board in August and is now our new CEO.



        In addition I would like to welcome Jeremy Metcalfe and Jeremy Martin
who join our board as MinMet nominees. Jeremy Martin is an experienced geologist
and will act as our Chief Operations Officer on the ground in Sweden where he
has been working for some time;  Jeremy Metcalfe brings a lot of experience and
contacts in the mining and exploration industry to Ovoca.



        We are continuing to follow up on our Optimum Energy Project for
electricity storage and we will retain our zinc licences in Newcastle West, Co.
Limerick.



        With gold now above $400 an ounce I feel that this is an opportune time
for Ovoca and I am looking forward with enthusiasm to Ovoca's planned work on
our gold projects in Sweden and other opportunities that may become available in
2004.





Paul Smithwick

Chairman

30 December 2003





Unaudited Consolidated Profit and Loss Account

for the Six month period ended 31st August 2003


                                                               6 months to 31/8/03  6 months to 31/8/
                                                                                    02
                                                                Euro
                                                                                    Euro

Turnover - Continuing Operations                               -                    -

Operating Costs                                                -                    -
                                                               _______              _______

Operating Profit - Continuing Operations                       -                    -

Administration Expenses                                        (139,224)            (60,830)

Investment Income                                              250                  3,223
                                                               _______              _______
LOSS ON ORDINARY ACTIVITIES                                    (138,974)            (57,607)

BEFORE TAXATION

Taxation on Loss on Ordinary Activities                        -                    -
                                                               _______              _______
LOSS FOR THE FINANCIAL PERIOD                                  (138,974)            (57,607)
                                                               =======              =======

Loss per Share
Undiluted                                                      (0.37c)              (0.20c)
Fully diluted                                                  (0.35c)              (0.19c)
                                                               =======              =======





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.



30 December 2003.





This announcement has been issued through the Companies Announcement Service of

                           the Irish Stock Exchange.






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