Re. TSX Listing Update

Centamin Egypt Limited
05 April 2007

   Centamin Egypt Limited Announces Closing of First Tranche of Offering and
                                 Listing on the

                             Toronto Stock Exchange


Centamin Egypt Limited ('Centamin' or the 'Company') (TSX:CEE, AIM:CEY, ASX:CNT)
is pleased to announce that it has successfully closed the first tranche (the
'First Tranche') of a total offering of 163,622,198 ordinary shares (the
'Ordinary Shares') priced at C$0.86 for total proceeds C$140,715,090 (the
'Offering'). Based on the Bank of Canada noon exchange rate on the day of
pricing, this implies pricing of approximately 38p or A$0.94, and gross proceeds
of approximately GBP 62,382,599 or A$153,602,325. The First Tranche represented
75,028,620 Ordinary Shares for gross proceeds of C$64,524,613. The second
tranche (the 'Second Tranche') of 88,593,578 Ordinary Shares also priced at
C$0.86 for gross proceeds of C$76,190,477, is expected to close on or about
April 11, 2007 following a meeting of shareholders to be held on April 10, 2007,
which is to be held to approve the issuance of 100 million shares under the
Offering.


Westwind Partners Inc. acted as sole agent (the 'Agent') for the Offering.
Westwind Partners (UK) Limited, an affiliate of the Agent, acted as financial
adviser to the Company. In addition, the Agent has been granted an
over-allotment option to purchase up to an aggregate of 12,271,665 additional
ordinary shares at C$0.86 per share, exercisable as to 5,627,147 ordinary shares
for 30 days from the closing of the First Tranche and exercisable as to
6,644,518 ordinary shares for 15 days from the closing of the Second Tranche.

A prospectus dated March 23, 2007 was filed with and receipted in all provinces 
in Canada, except Quebec.

The First Tranche of Ordinary Shares will begin trading on the Toronto Stock
Exchange (the 'TSX') today under the symbol 'CEE'. Application has been made for
these shares to be admitted to trading on AIM, and is being made for these
shares to be admitted to trading on the ASX. The Second Tranche of Ordinary
Shares are expected to begin trading on the TSX on or about April 11, 2007.

The proceeds from the Offering are to be used for partial funding of the
development of the Sukari project, drilling to test for extensions to resources
at the Sukari project, regional exploration programs, working capital, general
corporate purposes, and expenses of the Offering. As a result of this raising,
the Company has now secured the equity component of the project finance required
to bring the Sukari project to production. The remaining capital required to
fund the development of the Sukari project is expected to be raised through the
completion of a project finance facility, the process of securing such facility
is currently underway.


The board of directors of the Company are extremely pleased with the strong
interest shown in this capital raising by both existing shareholders and new
investors, and are looking forward to developing Egypt's first modern gold mine
following this successful funding milestone. Exploration is ongoing with 10 rigs
on site continuing to build on the Company's already substantial resource and
reserve base.


For Centamin Egypt Limited

Josef El-Raghy
Managing Director/CEO
April 5, 2007


For more information please contact:

Centamin Egypt Limited      Bishopsgate Communications Ltd           Evolution Securities
Ph: + 61 (8) 9316 2640               + 44 (0) 20 7562 3350          + 44 (0) 20 7071 4300
Josef El-Raghy                   Maxine Barnes / Nick Rome   Frank Moxon / Simon Leathers
www.centamin.com         www.bishopsgatecommunications.com          www.evosecurities.com




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