Joint Venture Agreement

Ovoca Gold PLC 08 June 2007 Ovoca Gold plc ('Ovoca Gold' or the 'Company') Ovoca Gold Joint Venture Agreement with BKG Exploration on the Klippen Gold Project in Sweden Ovoca Gold Plc (AIM: OVG; IEX: OVX) is pleased to announce a Joint Venture Agreement with BKG Exploration Limited ('BKG') to explore the Swedish licence areas held by Ovoca's subsidiary, Klippen Guld AB ('Klippen'), which number a total of 13 licences and cover an area of 25,387 hectares. The agreement allows BKG to earn a 50% interest in Klippen in return for meeting the operational and management expenses of the company and carrying out an exploration programme which includes drilling a minimum of 2,000 meters, within eighteen months. BKG will also meet all the licence renewal, tax and exploration obligations during that period. On completion of the drilling programme, BKG will have an option to purchase the balance of Ovoca's shares in Klippen in return for meeting all the ongoing exploration, development and management costs of Klippen and providing Ovoca with a 1.5% Net Smelter Return. Leonid Skoptsov, CEO of Ovoca, commented 'Klippen is an exciting greenfields exploration project. With Ovoca currently focussing manpower and funding on developing the Goltsovoye silver deposit in Russia, we are happy to partner with BKG, whose wealth of experience and success in the mineral industry will provide Klippen with the momentum to continue its development. ' Ovoca acquired Klippen from Minmet plc in 2003 and has been exploring in the Vasterbotten 'Gold Line' district since then. BKG Exploration is a private exploration company established to acquire mineral and petroleum exploration projects in Scandinavia, Africa and Mongolia. Ovoca Gold Plc is an international exploration company quoted in London (OVG.L) and Dublin (OVX.IR), exploring for precious and base metals in Russia, Sweden and Ireland For further information please visit www.ovocagold.com or contact: Simon Beardsmore, Commercial Manager - Ovoca John O'Connor, CFO - Ovoca Gold Plc Gold Plc Tel: +44 (0)207 397 8152 Tel: +44 (0)207 397 8159 Email: john.oconnor@ovocagold.com Email: simon.beardsmore@ovocagold.com John Frain - Davy Nick Bias / Alex Buck - BuckBias (UK PR) Tel: +353 (0)1 679 6363 Tel: +44 (0)7887 920 530 / +44 (0)7932 740 452 Email: john.frain@davy.ie Email: nick@buckbias.com / alex@buckbias.com This information is provided by RNS The company news service from the London Stock Exchange JVEMGGGVRNRGNZM