Grant of options

Centamin Egypt Limited
08 December 2005


                   Centamin Egypt Limited ('Centamin Egypt')

                         Grant of options to directors

Centamin Egypt Limited announces that on 8 December 2005 it granted options to
the following directors under the Employee Share Option Plan 2002:

Name          Options          Exercise        Total number of options now
              granted          price           held

Colin         500,000          A$0.4355        750,000
Cowden

Herbert
Stuart        500,000          A$0.4355        500,000
Bottomley

Thomas Gee
Elder         500,000          A$0.4355        750,000

The directors above may exercise 50 per cent of the options detailed in the
table above on or after six months (8 June 2005) and the remaining 50 per cent
on or after twelve months (8 December 2006). The options will expire on 08
December 2008.


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