Issue of Equity

Centamin Egypt Limited
02 February 2006


                             Centamin Egypt Limited

                                Issue of Equity

Centamin Egypt Limited ('the Company') announces that following the exercise of
options issued under the Employee Share Option Plan 2002, 20,000 new Ordinary
Shares were issued and allotted on 2 February 2006 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 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 8 February 2006.

The total number of Ordinary Shares in issue following this issue is
502,730,369.




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