Issue of Equity

Centamin Egypt Limited
17 January 2006


                             Centamin Egypt Limited

                                Issue of Equity

Centamin Egypt Limited ('the Company') announces that following the exercise of
options issued under the Employee Share Option Plan 2002, 80,000 Ordinary Shares
were issued and allotted on 12 January 2006 The exercise price for these options
was A$0.2310 per share.

Application has been made for the new Ordinary Shares to be admitted to trading
on AIM. The new Ordinary Shares will rank pari passu with the existing Ordinary
Shares in the Company and trading of these shares on AIM is expected to commence
on 23 January 2006.

The total number of Ordinary Shares on issue following this issue is
502,640,369.




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