Issue of Equity

Centamin Egypt Limited
08 May 2008

8 May 2008

                             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 unquoted employee options, 316,170 ordinary shares have been issued
and allotted at an exercise price of A$1.1636 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 15 May 2008.



The total number of Ordinary Shares on issue following this issue is
877,344,163.



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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