Completion of dismantling

Centamin Egypt Limited
29 August 2007


                 COMPLETION OF KORI KOLLO DISMANTLING - BOLIVIA



Centamin Egypt Limited ('Centamin' or 'the Company') (TSX:CEE, ASX:CNT, AIM:CEY)
is pleased to announce the completion of the dismantling and transportation of
the Kori Kollo CIL gold processing plant to the port of Arica in northern Chile.

The Kori Kollo processing plant was acquired late last year from Newmont Mining
Corporation for US$11 M and was located in the Andes Plains 200km south east of
the Bolivian capital of La Paz.

Dismantling operations began in February 2007 utilizing Bolivian engineering and
transport groups. Large cranes for the project were mobilised from Argentina,
Santa Cruz and La Paz.

All activities were supervised by a construction team from Centamin. At the peak
of activity, 280 personnel were involved in dismantling the facility which
required more than 200,000 man hours. The same group of construction supervisors
are now in the process of relocating to Egypt to re-assemble the processing
plant.

The first shipment of dismantled equipment commenced in June 2007 and largely
consisted of equipment requiring refurbishment outside of Egypt prior to
importation to Alexandria and then site. After some 200 semi trailer loads all
plant and equipment has now been transported across the Bolivian border to the
Chilean port of Arica where it is being stored, re-lashed and is awaiting a
charter vessel.

It is estimated that ship loading will take place within the next two weeks with
arrival into Egypt scheduled for mid October.

For Centamin Egypt Limited

Josef El-Raghy
Managing Director/CEO
29 August 2007


For more information please contact:

Centamin Egypt Limited   Pelham Public Relations        Evolution Securities
+ 61 (8) 9316 2640       + 44 (0) 207 743 6376          + 44 (0) 20 7071 4300
Josef El-Raghy           Candice Sgroi                  Simon Edwards
([e-mail])     Mobile: + 44 (0) 789 446 2114  www.uk.evosecurities.com
www.centamin.com           
                                    




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