Resource upgrade

Centamin Egypt Limited
06 February 2007


                             Centamin Egypt Limited
                         ('Centamin' or 'the Company')


                      Sukari Gold Project Resource Upgrade



• Sukari JORC compliant resource upgrade to 8.26 million contained ounces
  of gold

• Increase of 560,000 ounces above the resource announced in November 2006

• Cost per ounce discovered to date circa US$4

• Confirmation of extension of mineralisation from the Amun and Ra zones
  into the Pharaoh zone with higher grade north plunging ore shoots

• Resource increase based on two months of drilling data

• Drilling continues with nine rigs on site



RESOURCE MODELLING

The Sukari global resource now stands at 174.20Mt @ 1.47g/t Au for 8.26 Moz Au,
at a 0.5g/t Au cut off grade.

                Total Resource (February 2007 - Global All Data)
Cut-off    Measured       Indicated       Inferred          Total         TOTAL
          Mt     g/t      Mt     g/t      Mt     g/t      Mt      g/t      Moz
  0.5    47.39   1.40   73.98    1.39   52.80    1.70   174.20    1.47    8.26
  0.7    34.44   1.70   53.45    1.69   38.60    2.10   126.52    1.81    7.35
  1.0    22.40   2.16   34.36    2.16   25.90    2.70    82.64    2.32    6.17

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


The resources are estimates of recoverable tonnes and grades using Multiple
Indicator Kriging with block support correction. Measured resources lie in areas
where drilling is available at a nominal 25 x 25 metre spacing, Indicated
resources occur in areas drilled at approximately 25 x 50 metre spacing and
Inferred resources exist in areas of broader spaced drilling.

The resource estimate has been based on the sampling and geological logging
coming from 817 diamond and RC drill holes combining to give approximately
168,000 metres of drilling and from available assaying as at 01 February 2007.
The resource data set comprises approximately 88,421 two-metre down hole
composites and surface rock chip samples. The mineral resource estimate has been
adjusted to present land surfaces (currently available and subject to change)
and previous underground mining (very minor effect on total resources).

The Company is very pleased with the continued rapid increase in the size of the
Sukari Gold deposit and there still exists the potential for further significant
resource addition within the same Ra / Gazelle and Pharaoh zones as drilling
continues northwards along strike.



For Centamin Egypt Limited
Josef El-Raghy
Managing Director/CEO
06 February 2007





For more information please contact:

Centamin Egypt Limited    Bishopsgate Communications Ltd      Evolution Securities
Ph: + 61 (8) 9316 2640    + 44 (0) 20 7562 3350               + 44 (0) 20 7071 4300
Josef El-Raghy            Maxine Barnes / Nick Rome           Frank Moxon / Simon Edwards
([e-mail])
www.centamin.com          www.bishopsgatecommunications.com   www.evosecurities.com





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'. 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.


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. 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.



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