The produce(s) eggs and stimulate(s) the release of the hormones estrogen and progesterone.

The ovaries produce eggs and hormones of estrogen and progesterone

The ovaries are a pair of ova-producing organs (that is, they produce egg cells) that control the health of the female reproductive system. The ovaries, like their male equivalent, the testes, are known as gonads. This only means they are the primary reproductive organs. The hypothalamus sends a signal to the pituitary gland to deliver gonadotrophic substances (follicle stimulating hormone and luteinizing hormone). It is secreted by a temporary gland formed inside the ovary after ovulation beckoned the corpus luteum.