Centamin Egypt Limited Announces Appointment of Barclays Capital as Mandated Lead Arranger for Sukari Project Financing



    /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
    UNITED STATES/

    TORONTO, April 17 /CNW/ - Centamin Egypt Limited (TSX: CEE; AIM: CEY;
ASX: CNT) is pleased to announce that it has appointed Barclays Capital, the
investment banking division of Barclays Bank PLC, as Mandated Lead Arranger to
arrange a financing facility of up to US$100 million for the Sukari Gold
Project.
    Together with the proceeds from the recently completed TSX listing and
offering, this facility will complete the financing arrangements required for
development of Sukari. The funding is subject to completion of due diligence
and detailed documentation. This process is underway and is expected to be
finalised during the third quarter of 2007.

    Barclays Capital is a leading provider of finance to the mining sector
and has a wealth of experience in financing projects in Africa. In addition,
Barclays has a strong presence in Egypt; through Barclays Bank Egypt it offers
a comprehensive range of banking services for corporate clients. The
appointment of Barclays follows a tender process in which competitive
proposals were received from numerous banks.

    For Centamin Egypt Limited

    (signed)

    Josef El-Raghy
    Managing Director/CEO
    April 17, 2007





For further information:

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

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CENTAMIN EGYPT LIMITED

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