Centamin Egypt Limited Announces Closing of Over-Allotment Option



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

    TORONTO, April 20 /CNW/ - Centamin Egypt Limited ("Centamin" or the
"Company") (TSX:CEE, AIM:CEY, ASX:CNT) is pleased to announce that in
connection with its previously announced Canadian prospectus offering (the
"Offering") Westwind Partners Inc (the "Agent") has fully exercised the
over-allotment option for an additional 12,271,665 ordinary shares at C$0.86
per share. The over-allotment option, which closed today, raised additional
gross proceeds of approximately C$10.5 million (GBP 4.6 million or A$11.2
million).
    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.

    For Centamin Egypt Limited



    Josef El-Raghy
    Managing Director/CEO

    The securities offered have not been registered under the U.S. Securities
Act of 1933, as amended, and may not be offered or sold in the United States
absent registration or an applicable exemption from the registration
requirements. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities
in any State in which such offer, solicitation or sale would be unlawful.





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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