Drilling results update

Centamin Egypt Limited
13 December 2006


                             CENTAMIN EGYPT LIMITED

                  SUKARI GOLD PROJECT DRILLING RESULTS UPDATE


                      Ra Zone High Grade Gold Intersection


Centamin Egypt Limited, the dual listed gold exploration company, today
announces that high grade gold assays were intersected in the Ra zone at 10950N
in drill hole RCD703, including 8m @ 101.71g/t Au from 588m.

RCD703 Significant Assay Intersections

    Hole     North   East  Azi  Dip   EOH    From   To    Interval       Au
                                      (m)                   (m)        (g/t)
   RCD703    10949  10663  -75  270  622.1   295    314      19        4.94*
                                             385    405      20        6.81*
                                             470    545      75        1.83*
                                             588    596      8         101.71


     * Results included in the resource upgrade announced 28 November 2006


The high grade footwall intersection correlated with a massive quartz vein and
is interpreted to be the up-dip and up-plunge continuation of the high grade
zone intersected in hole RCD553 on 11075N, (111m @ 15.06g/t Au from 473m,
reported 20 June 2006). These and recent results returned from the Ra zone
highlight the potential for further high grade zones.

Near surface mineralisation was also encountered in drill holes RCD691 (30m @
3.86g/t and 9m @ 4.79 g/t), RCD726 (10m @ 3.92 g/t) and RC715 (5m @ 18.44 g/t).

The nine rig drill program at Sukari Hill will continue to define the high grade
mineralization intersected in the Amun, Ra and Gazelle zones and will follow up
the continuation of these zones north along strike into the Pharaoh zone. The
next resource recalculation is due in early February 2007.


Recent significant gold intersections in the Ra zone

    Hole      North   East  Azi  Dip   EOH   From    To   Interval       Au
                                       (m)                   (m)       (g/t)
   RCD660     10912  10550  -90   0   505.1   374   438      64        2.07*
                                              451   494      43        7.86*

   RCD691     11000  10443   0   -90   150     0     30      30        3.83*
                                              34     43       9        4.79*

   RCD699     11040  10726  -90   0   648.7   272   368      96        1.75*
                                              374   394      20        2.78*
                                              518   543      25        5.72*
                                              547   575      28        2.06*
                                              580  648.7    68.7       2.46*

   RCD710     11000  10653  270  -75  600.2   270   293      23         1.71

   RC715      11253  10951  -75  270   150     1     11      10        3.92*

    D722      10850  10490  270  -80  223.82  170   174       4         6.99

    D724      10900  10529  -83  270  387.00  251   300      49         3.05

   RCD726     11050  10662  -85  270   275    12     17       5        18.44

    D742      10875  10489  -90   0   373.60  153   177      24         1.98

   RCD749     11270  10736  -90   0    148    70     75       5         4.43


     * Results included in the resource upgrade announced 28 November 2006



For Centamin Egypt Limited


Josef El-Raghy
Managing Director/CEO
13 December 2006




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.uk.evosecurities.com




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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