Drilling Results

Centamin Egypt Limited
20 June 2006

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

                        Sukari Project Drilling Results

               Gazelle Zone Massive High Grade Gold Intersection




Centamin Egypt Limited, the dual listed gold exploration company, is pleased to
announce high grade gold assays from the first pass drilling of the Gazelle zone
on the north eastern flank of the Sukari Hill.

• The newly defined high grade zone is outside of the current Feasibility
  Study (BFS)


• The assay results highlight the potential for additional high grade zones
  as drilling moves north on the Sukari hill.

Drill hole RCD553 returned impressive gold grades in several zones down hole
including 3m @ 440.6g/t Au, within a massive intersection of 111m @ 15.06g/t Au
from 473m. The hole was collared just above the historically mined Gazelle adit,
which has previously recorded 38m @ 7.73g/t from rock chip channel sampling.

This newly defined high grade zone is outside of the Amun orebody BFS and
currently defined mining pitshells, but is similar in style to the historically
mined Amun Main Lode, exploited in ancient times, and may represent a stacked
system of high grade quartz vein shear zones.

The drill hole was designed to follow up strong mineralisation previously
defined in the Ra-Gazelle zone higher up in the porphyry from 11,025N to
11,175N, and 10,650E to the east (Figure 1). The assay results (Table 1)
highlight the strong potential for further high grade zones at depth and to the
north in the Sukari Hill, and in the Ra-Gazelle zone in particular.


                Table 1 - RCD553 Significant Assay Intersections

   HOLE     NORTH      EOH     AZI    DIP    From    To    Interval   Au (g/t)
  RCD553    11079     614.4    270    -77     52     68         16       1.21
                                             142    163         21       2.64
                                     incl.   153    157          4       6.38
                                             169    177          8       2.51
                                     incl.   169    170          1      10.70
                                             191    210         19       1.80
                                     incl.   197    198          1      12.20
                                             271    280          9       1.17
                                             286    297         13       1.13
                                             301    305          4       2.19
                                             322    337         15       1.51
                                             341    359         18       1.09
                                             363    368          5       1.26
                                             427    449         22       1.43
                                             473    584        111      15.06
                                     incl.   572    575          3      440.6
                                     incl.   575    584          9       3.54
                                             595    613         18       2.59



The Company believes results of this tenor will lead to further significant
increases in the currently defined global resource of 5.76m oz Au. Drilling is
continuing in the Ra, Gazelle and Pharaoh zones.


For Centamin Egypt Limited

Josef El-Raghy
Managing Director/CEO

20 June 2006






Enquiries:

Centamin Egypt Limited         + 61 (8) 9316 2640
Josef El-Raghy

Bishopsgate Communications Ltd + 44 (0) 20 7430 1600
Nick Rome or Fran Read




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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