Kurdeman Drilling Results

Centamin Egypt Limited
29 November 2007


                             CENTAMIN EGYPT LIMITED

        INITIAL DRILLING AT KURDEMAN PROSPECT INTERSECTS ORE GRADE ZONES

Centamin Egypt Limited (ASX:CNT, AIM:CEY, TSX:CEE) which is developing the first
large scale modern gold mine in Egypt is pleased to announce that it has
intersected ore grade zones during reconnaissance reverse-circulation drilling
of historical workings at the Kurdeman prospect in Egypt's eastern desert.

See link to map of Sukari Gold Mines:

http://www.rns-pdf.londonstockexchange.com/rns/7393i_-2007-11-28.pdf

The initial 5 hole drill program was carried out at the Kurdeman prospect, which
lies 8 kilometres south along strike of the major Sukari gold deposit which
Centamin is developing to bring into production in the fourth quarter of 2008.
As previously reported, the current resource estimate of the Sukari deposit
stands at 6.84 Moz Measured and Indicated, and 3.6Moz Inferred.

Drilling intersected the targeted quartz vein-shear zone, which was worked by
ancient and colonial miners, hosted in felsic to intermediate volcanic and
intrusive rocks.

The high grade gold mineralisation intersected is associated with smoky grey
quartz veins and sulphides. Hole KRC002 returned an ore grade intercept of
downhole thickness 9m @ 9.29g/t Au from 27m, including 2m @ 32.2g/t Au from 32m
in the smoky quartz vein.

The shallow ore grade interval was in a wider 30m zone of Au anomalous,
hydrothermally altered and sheared felsic to intermediate rock.

Hole KRC005, drilled 140m south along strike of KRC002, intersected similar
zones involving smoky, massive quartz veining in sheared and altered felsic
rocks.

Two ore grade zones were returned, 3m @ 4.56g/t Au from 18m (including 1m @
8.54g/t from 19m) and 2m @ 11.92g/t from 26m, with a similar halo of
mineralisation in altered and sheared rock. The intersections are open along
strike and down dip.

Centamin is planning further drilling to assess the Kurdeman Shear Zone and
quartz veins. The company considers Kurdeman and the numerous other regional
targets contained within the 160 km2 Sukari Concession, to be highly significant
as potential sources of high grade mill feed for the Sukari plant.

Geological sampling and mapping at several other regional prospects close to the
main Sukari Gold Mine have also returned strongly gold anomalous results
requiring follow up.

The following table shows the full intersections from the 5 hole program
described above:


    HOLE        NORTH        EAST      DIP    AZI     EOH       FROM      TO      INTERVAL        AUAR1
   KRC002      2752141      671189     -60    270     150        27       36          9           9.29
                                                     incl.       32       34          2           32.20
                                                                145      146          1           14.00

   KRC005      2751991      671194     -60    270     150        18       21          3           4.56
                                                     incl.       19       20          1           8.54
                                                                 26       28          2           11.92
                                                     incl.       27       28          1           20.40


For Centamin Egypt Limited

Josef El-Raghy
Managing Director/CEO
29 November 2007


For more information please contact:

Centamin Egypt Limited                    Pelham Public Relations                  Ambrian Partners Limited
+ 61 (8) 9316 2640                        + 44 (0) 207 743 6376                    + 44 (0) 207 776 6400
Josef El-Raghy                            Candice Sgroi                            Richard Brown
www.centamin.com                          Mobile: + 44 (0) 7894 462 114


Information in this report which relates to exploration, geology, sampling and
drilling is based on information compiled by geologist Mr R Osman who is a full
time employee of the Company, and is a member of the Australasian Institute of
Mining and Metallurgy with more than five years experience in the fields of
activity being reported on, and is a 'Competent Person' for this purpose and is
a 'Qualified Person' as defined in 'National Instrument 43-101 of the Canadian
Securities Administrators'. His written consent has been received by the Company
for this information to be included in this report in the form and context which
it appears. The assay samples were analysed by Ultra Trace Pty Ltd, Canning
Vale, Western Australia.

The information in this report that relates to mineral resources is based on
work completed by Mr Nicolas Johnson, who is a Member of the Australian
Institute of Geoscientists.  Mr Johnson is a full time employee of Hellman and
Schofield Pty Ltd and has sufficient experience which is relevant to the style
of mineralisation and type of deposit under consideration and to the activity
which he is undertaking to qualify as a 'Competent Person' as defined in the
2004 edition of the 'Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves' and is a 'Qualified Person' as defined in '
National Instrument 43-101 of the Canadian Securities Administrators'.  Mr
Johnson consents to the inclusion in the report of the matters based on his
information in the form and context in which it appears.

Centamin Egypt Limited reported an upgraded 6.84 Moz Measured and Indicated
resource (Measured 2.6Moz, Indicated 4.2Moz), and 3.6 Moz Inferred resource, on
20 September 2007.




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