Issue of Equity

Centamin Egypt Limited
28 April 2006

                     Centamin Egypt Limited ('The Company')

                                Issue of Equity


The Company announces that, following the exercise of options issued under the
Employee Share Option Plan 2002, 100,000 ordinary shares have been issued and
allotted today at an exercise price of A$0.2310 per share.

Application has been made for the new ordinary shares to be admitted to trading
on the AIM Market of the London Stock Exchange plc ('AIM'). The new Ordinary
Shares will rank pari passu with the existing ordinary shares in the Company and
trading of these shares on AIM is expected to commence on 5 May 2006.

The total number of ordinary shares on issue following this issue is
578,030,369.



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