Closing over-allotment option

Centamin Egypt Limited
20 April 2007


                     Centamin Egypt Limited ('the Company')


       Centamin Egypt Limited Announces Closing of Over-Allotment Option


Centamin Egypt Limited (TSX:CEE, AIM:CEY, ASX:CNT) is pleased to announce that
in connection with its previously announced Canadian prospectus offering (the
'Offering') Westwind Partners Inc (the 'Agent') has fully exercised the
over-allotment option for an additional 12,271,665 ordinary shares at C$0.86 per
share. The over-allotment option, which closed today, raised additional gross
proceeds of approximately C$10.5 million (GBP 4.6 million or A$11.2 million).

The proceeds from the Offering are to be used for partial funding of the
development of the Sukari project, drilling to test for extensions to resources
at the Sukari project, regional exploration programs, working capital, general
corporate purposes, and expenses of the Offering.

For more information please contact:

Centamin Egypt Limited
Tel : + 61 (8) 9316 2640
Josef El-Raghy
www.centamin.com

Bishopsgate Communications Ltd
Tel : + 44 (0) 20 7562 3350
Maxine Barnes / Nick Rome
www.bishopsgatecommunications.com

Evolution Securities
Tel : + 44 (0) 20 7071 4300
Frank Moxon / Simon Leathers
www.evosecurities.com


April 20, 2007


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