Issue of Equity

Centamin Egypt Limited
06 May 2008

5 May 2008

                             Centamin Egypt Limited
                         ('Centamin' or 'the Company')

                                Issue of Equity


Centamin Egypt Limited (TSX:CEE, ASX:CNT, AIM:CEY) announces that, following the
exercise of unquoted employee options, 47,000 ordinary shares have been issued
and allotted at an exercise price of A$1.1636 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 12 May 2008.

The total number of Ordinary Shares on issue following this issue is
877,027,993.


For more information please contact:


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


Pelham Public Relations
+ 44 (0) 207 743 6376
Candice Sgroi
Mobile: + 44 (0) 7894 462 114


Ambrian Partners Limited
+ 44 (0)207 7634 4700
Richard Brown




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