Issue of Equity

RNS Number : 2346V

Centamin Egypt Limited

07 July 2009

Immediate Release 07 July 2009

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 broker warrants, 329,280 ordinary shares were issued and allotted at an exercise price of C$1.20 per share on 06 July 2009.

Following the exercise of unquoted employee options:-

100,000 ordinary shares were issued and allotted at an exercise price of A$0.7106 on 06 July 2009;
40,000 ordinary shares were issued and allotted at an exercise price of A$0.7106 on 07 July 2009; and
30,000 ordinary shares were issued and allotted at an exercise price of A$1.0500 on 07 July 2009.

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 13 July 2009.

The total number of Ordinary Shares on issue following the above issues is 992,664,903.

For more information please contact:

Centamin Egypt Limited

+ 61 (8) 9316 2640

Josef El-Raghy

www.centamin.com

Buchanan Communications Limited

+ 44 (0) 207 7466 5000

Ben Willey

Bobby Morse

Ambrian Partners Limited

+ 44 (0) 207 7634 4700