Issue of Equity

Centamin Egypt Limited
11 December 2006


                             Centamin Egypt Limited

                         ('Centamin' or 'the Company')

                     Issue of Equity and Director's Holding


The Company announces that, following the exercise of options issued under the
Employee Share Option Plan 2002, 135,000 ordinary shares have been issued and
allotted today at an exercise price of A$0.3549 per share to Dr Thomas Gee
Elder, a director of the Company.


Following this exercise, Dr Elder's holding in the Company is 135,000 fully paid
ordinary shares, representing 0.02 per cent. of the issued share capital of the
Company, and 615,000 unlisted options.

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 2006.


The total number of Ordinary Shares on issue following this issue is
579,300,369.




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