Ovoca Gold PLC: Disposal | Company Announcements

Thursday 19 March, 2009

Ovoca Gold PLC

Disposal

RNS Number : 1629P

Ovoca Gold PLC

19 March 2009

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

Partial disposal of Polymetal holding

Ovoca announces that it has disposed of 3,750,000 shares in Polymetal which it received as part consideration for the disposal of CJSC Prospectors Artel Ayax in January 2009. The net proceeds from the sale was $21,562,500.

For further information contact

Ovoca Gold plc
Mr. Danesh Varma CFO	+44 (0)20 7937 8151 danesh.varma@ovocagold.com
Mr. Leonid Skoptsov CEO	+7 495 648 26 46 leonid.skoptsov@ovocagold.com

Davy
John Frain	+353 1 614 679 6363

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