Issue of Equity

Centamin Egypt Limited
07 November 2007

07 November 2007

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

                                Issue of Equity


Centamin Egypt Limited (TSX:CEE, ASX:CNT, AIM:CEY) announces that, following the
exercise of options issued under the Employee Share Option Plan 2006, 50,000
ordinary shares have been issued and allotted at an exercise price of A$0.2804
per share, and 15,000 have been issued and allotted at an exercise price of
A$0.7106.


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 14 November 2007.


The total number of Ordinary Shares on issue following this issue is
757,134,232.


For more information please contact:



Centamin Egypt Limited
+ 61 (8) 9316 2640
Josef El-Raghy
www.centamin.com



Pelham Public Relations
+ 44 (0) 207 743 6376
Candice Sgroi
Mobile: + 44 (0) 7894 462 114


Ambrian Partners Limited
+ 44 (0)207 776 6400
Richard Brown




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