Ovoca Bio Regulatory News (OVB)

14 Feb 2008 16:12

Ovoca Gold PLC14 February 2008 Ovoca Gold plc Board and Management Changes Ovoca Gold plc (AIM: OVG; IEX: OVX) ('Ovoca Gold' or the 'Company'), announcesthe following changes to its board of directors with immediate effect. • The appointment of Mikhail Mogutov as Non-Executive Chairman. Mr Mogutov is currently a Non-Executive Director of the Company and replaces Roger Turner, who resigned as Chairman due to other work commitments but will remain as a Non-Executive Director and act as an adviser to the Chairman. • The appointment of Danesh Varma as Chief Financial Officer and Company Secretary. John O'Connor remains on the Board as a non-executive director Leonid Skoptsov, CEO of Ovoca commented on the board changes: "I would like totake this opportunity to thank Roger Turner for his guidance and significantcontribution since 2004. We are delighted that he will remain as a Non ExecutiveDirector and an advisor to the new Chairman. I also welcome Danesh Varma as theCFO and Company Secretary. Danesh brings a vast amount of industry knowledge anda great deal of expertise in financing natural resource projects both in Europeand Canada. Mr. Varma also brings extensive public market experience gained fromadvising AIM and TSX companies. We would also like to thank John O'Connor forhis contribution and are pleased that he will remain actively involved in theCompany. For further information please contact: Leonid Skoptsov - Ovoca Gold plcTel: + 7 (0) 495 648 2646 John Frain - Davy Corporate FinanceTel: +353 (0)1 679 6363 This information is provided by RNS The company news service from the London Stock Exchange