Centamin Egypt updates Sukari Gold project

Centamin Egypt Limited announces upgrades to the Sukari Gold Project in Egypt.

HIGHLIGHTS

- The Sukari Mineral Resource upgraded to 8.12 Moz Measured and Indicated, plus 3.5 Moz Inferred

- An increase of 660,000oz in Measured and Indicated ounces above the Mineral Resource announced in December 2007 (an increase of approximately 9%)

- The resource increase is based on additional assay results from approximately 21,000 metres of drilling received from 12 December 2007 to 30 March 2008

- Total drilling to date exceeds 325,000m and 1,350 holes

The resources are estimates of recoverable tonnes and grades using Multiple Indicator Kriging (MIK) with block support correction. Typically, measured resources lie in areas where drilling is available at a nominal 25 x 25 metre spacing, indicated resources occur in areas drilled at approximately 25 x 50 metre spacing and inferred resources exist in areas of broader spaced drilling. The resource model extends from 9700mN to 12200mN and to an approximate depth of 350mRL (approximately a maximum depth of 950 metres below the crest of the Sukari hill) and is based on all assay data available at 30 March 2008. The sampling from an additional 21,000 metres of drilling (primarily diamond drill core) has been added to the resource sampling data set used in the new mineral resource estimate.

The focus of the last three months drilling effort has been very successful in that Measured and Indicated resources grew significantly by approximately 9% from 7.46Moz (19 December 2007) to 8.12Moz. The company is extremely pleased with the progress of the infill drilling programme in the Amun Deeps which augurs well for future underground development of this area. Measured and Indicated resources now account for 70% of the global resource i.e. all categories.