Issue of Equity

Centamin Egypt Limited
08 November 2007

08 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, 25,000
ordinary shares have been issued and allotted at an exercise price of A$0.2804
per share, and 37,500 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 15 November 2007.



The total number of Ordinary Shares on issue following this issue is
757,196,732.



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






                      This information is provided by RNS
            The company news service from the London Stock Exchange