Resource Upgrade

Centamin Egypt Limited
26 April 2006


                            Centamin Egypt Limited

                     Sukari Gold Project Resource Upgrade


• Sukari JORC compliant resource upgrade to 5,759,492 million ounces of gold

• Increase of 1,265,611 million ounces or 28% above the resource statement
  announced in December 2005

• 2 additional diamond drilling rigs arrive


SUKARI PROJECT RESOURCE MODELLING

Resource modelling and grade estimation of the Sukari geological resource was
recently completed to JORC standards by independent resource consultants,
Hellman & Schofield, utilising all available assaying as at 25th April 2006 and
included new drilling data from the Ra and Pharaoh Zones, completed since
November 2005.

                    April 2006 Resources by Confidence Category - Uncut
  Cut-off       Measured     Indicated      Inferred         Total        Total
----------    ------------  -----------  -----------   ----------------  -------
                Mt   g/t       Mt   g/t      Mt  g/t        Mt     g/t      Moz
            ------  ----   ------  ----  ------ ----   -------  ------   -------

      0.5   33.426  1.44   41.503  1.52   49.32  1.4   124.247    1.44      5.76
 ---------- ------  ----   ------  ----  ------ ----   -------  ------   -------
      1.0   17.085  2.13   21.898  2.23   22.21  2.2    61.192    2.19      4.31
 ---------- ------  ----   ------  ----  ------ ----   -------  ------   -------

     Note to Table: Figures in table may not add correctly due to rounding


The measured resources lie in areas where drilling is available at a nominal 25
x 25 metre spacing, indicated resources in areas drilled at approximately 25 x
50 metre spacing and inferred resources in areas of broader spaced drilling and
that the resources are estimates of recoverable tonnes and grades using Multiple
Indicator Kriging with block support correction. The resource model extends from
9700mN to 12250mN and to a maximum depth of 600RL (approximately 550 metres
below surface).

The resource estimate has been based on the sampling and geological logging
coming from 571 diamond and RC drill holes combining to give approximately
116,500 metres of drilling and 5271 two-metre surface rock chip samples.
Resource data set comprises approximately 58,125 two-metre down hole composites
and rock chip samples. The December model was based on 41,991 drill hole and
rock chip samples.

The tempo of the infill and exploration program has been further increased with
the addition of two further drilling rigs taking the rigs on site to nine.


For Centamin Egypt Limited

Josef El-Raghy
Managing Director
26 April 2006



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 Australasian
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'. 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.


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