Notice of general meeting

Centamin Egypt Limited
30 March 2007


           Centamin Egypt Limited ('the Company') (AIM:CEY, ASX:CNT)

                           Notice of General Meeting

  Notice of General Meeting to be held at 1st Floor, Rowing WA, The Esplanade,
  Mount Pleasant, Western Australia on Tuesday, April 10th, 2007 commencing at
                           11.00 am (Australian WST)


We are writing to update shareholders with the progress of the preliminary
prospectus filed with the Ontario Securities Commission and of the listing on
the Toronto Stock Exchange ('TSX') which were referred to in the Chairman's
letter which accompanied the Notice of General Meeting dated March 6, 2007.

We are pleased to advise shareholders that all comments on the preliminary
Prospectus have now been resolved with the Canadian securities regulatory
authorities and that on March 28, 2007 the Company filed the final prospectus
(the 'Prospectus') with the regulatory authorities in each of the provinces of
Canada (excluding Quebec). The Prospectus is available for review on the
Canadian System for Electronic Document Analysis and Retrieval (SEDAR) website
at www.sedar.com, the Australian Stock Exchange website at www.asx.com.au, and
will also be posted on the Company's website at www.centamin.com.

Consequently the Company has applied for listing on the TSX and it is
anticipated that the listing on the TSX will occur on or about April 5, 2007.

As the Company announced to the ASX and AIM on March 14, 2007, the shares
proposed to be offered under the Prospectus total 163,622,198 ordinary shares
priced at C$0.86 ('Offer Price') for total proceeds C$140,715,090 (the
'Offering').

Further to the Company's announcement of March 14, 2007, which stated that the
Offering would take place in two tranches and that Westwind Partners Inc, the
lead agent ('Agent'), had been granted an over-allotment option to sell
additional ordinary shares at the Offer Price up to 7.5% of the Offering.

The issuance of ordinary shares under the first tranche (the 'First Tranche') is
expected to involve the issue of 75,028,620 ordinary shares for gross proceeds
of C$64,524,613. The issuance of the First Tranche will be made within the 15%
allowance under rule 7.1 of the ASX Listing Rules and is expected to be
completed on April 5, 2007. The issue of up to 5,627,147 ordinary shares (for
gross proceeds of C$4,839,346) pursuant to the over-allotment option relating to
the First Tranche (if exercised) is expected to be completed no later than 30
days following the issuance of the First Tranche and will also be within this
15% allowance.

The second tranche (the 'Second Tranche') of 88,593,578 ordinary shares also
priced at C$0.86 for gross proceeds of C$76,190,477 is expected to close on or
about April 11, 2007 following the meeting of shareholders to be held on April
10, 2007 to approve the issuance of up to 100 million shares. Additionally, up
to 6,644,518 ordinary shares (for gross proceeds of C$5,714,285) are expected to
be issued no later than 15 days following the issuance of the Second Tranche
pursuant to the over-allotment option relating to the Second Tranche (if
exercised), these shares being included in the 100 million shares for which
shareholder approval is being sought.

The Company, as part of the fees it will pay to the Agent for its services in
connection with the Offering and TSX listing, will issue to the Agent broker
warrants to acquire ordinary shares equal to 5% of the ordinary shares issued
under the First Tranche and Second Tranche and (if exercised) pursuant to the
over-allotment option being:

1. in connection with the First Tranche and the shares issued pursuant to the
   associated over-allotment option, broker warrants to acquire up to 4,032,788
   ordinary shares at an exercise price equal to the Offer Price and expiring 24
   months from completion of the First Tranche or over-allotment (as applicable);
   and

2. in connection with the Second Tranche and the shares issued pursuant to the
   associated over-allotment option (and subject to shareholder approval of the
   issuance of up to 100 million shares at the meeting to be held on April 10,
   2007), broker warrants to acquire up to 4,761,903 ordinary shares at an exercise
   price equal to the Offer Price. These broker warrants will expire 24 months from
   completion of the Second Tranche or over-allotment (as applicable).

Shareholders are reminded that to be effective, proxies for the meeting must be
received by the Company by no later than 11.00am Australian WST, Sunday, April
8, 2007 (UK, no later than 3.00am GMT (4.00 am DST), Sunday, April 8, 2007).

Yours sincerely
For Centamin Egypt Limited


Sami El-Raghy
Chairman


For further details please contact:
Centamin Egypt Limited                 Bishopsgate Communications Ltd
Ph: + 61 (8) 9316 2640                          + 44 (0) 20 7562 3350
Josef El-Raghy                              Maxine Barnes / Nick Rome
www.centamin.com                    www.bishopsgatecommunications.com


30 March 2007




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