Issue of Equity

Centamin Egypt Limited
11 December 2007

11 December 2007

                             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 broker warrants, 1,500,000 ordinary shares have been issued
and allotted at an exercise price of C$0.8600 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 18 December 2007.

The total number of Ordinary Shares on issue following this issue is
761,271,732.


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)207 776 6400
Richard Brown



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