Appendix 5B

For Immediate Release

31 July 2009

Centamin Egypt Limited

86 007 700 352

30 June 2009

Cash flows related to operating activities

Current Quarter

$US'000

Year to date

(12 months)

$US'000

1.1 Receipts from product sales and related debtors

-

-

1.2 Payments for (a) exploration and evaluation

(2,988)

(10,118)

(b) development

(47,050)

(142,400)

(c) production

-

-

(d) administration

(794)

(2,845)

1.3 Dividends received

-

-

1.4 Interest and other items of a similar nature received

402

2,893

1.5 Interest and other costs of finance paid

-

-

1.6 Income taxes paid

-

-

1.7 Other (provide details if material)

-

-

Net Operating Cash Flows

(50,430)

(152,470)

Cash flows related to investing activities

1.8 Payment for purchases of (a) prospects

-

-

(b) equity investments

-

-

(c) other fixed assets

-

-

1.9 Proceeds from sale of (a) prospects

-

-

(b) equity investments

-

-

(c) other fixed assets

-

-

1.10 Loans to other entities 

-

-

1.11 Loans repaid by other entities

-

-

1.12 Other (provide details if material)

-

-

Net investing cash flows

-

-

1.13 Total operating and investing cash flows (carried forward)

(50,430)

(152,470)

1.13 Total operating and investment cash flows (brought forward)

(50,430)

(152,470)

Cash flows related to financing activities

1.14 Proceeds from issues of shares, options, etc.

2,894

58,186

1.15 Proceeds from sale of forfeited shares

-

-

1.16 Proceeds from borrowings 

-

-

1.17 Repayment of borrowings

-

-

1.18 Dividends paid

-

-

1.19 Other (bank and realised foreign exchange charges)

(249)

(2,917)

Net financing cash flows

2,645

55,269

Net increase (decrease) in cash held

(47,785)

(97,201)

1.20 Cash at beginning of quarter/year to date

109,647

182,329

1.21 Exchange rate adjustments to item 1.20

6,747

(16,519)

1.22 Cash at end of quarter

68,609

68,609

Payments to directors of the entity and associates of the directors

Payments to related entities of the entity and associates of the related entities

Current quarter

$US'000

1.23 Aggregate amount of payments to the parties included in item 1.2

325

1.24 Aggregate amount of loans to the parties included in item 1.10

-

Salaries, superannuation contributions, consulting and Directors fees paid to Directors during the three months ended 30 June 2009 amounted to A$359,250 (30 June 2008: A$257,175).

Mr S El-Raghy and Mr J El-Raghy are Directors and shareholders of El-Raghy Kriewaldt Pty Ltd ("ELK"), which provides office premises to the Company in Australia. All dealings with ELK are in the ordinary course of business and on normal terms and conditions. Rent paid to ELK during the three months ended 30 June 2009 amounted to A$16,378 (30 June 2008: A$15,601).

Mr S El-Raghy provides office premises to the Company in Alexandria, Egypt. All dealings are in the ordinary course of business and on normal terms and conditions. Rent paid during the three months ended 30 June 2009 amounted to GBP 1,950 (30 June 2008: GBP 1,950).

provides insurance broking services to the Company. All dealings with Cowden Limited are on normal 

terms and conditions. Cowden Limited was paid A$5,313 during the three months ended 30 June

  2009 (30 June 2008: A$Nil). In addition, amounts of A$31,741  (30 June 2008: A$Nil) were paid to 

Cowden Limited to be passed on to underwriters for premiums during the three months ended 30 

June 2009. 

-

-

Amount available

$US'000

Amount used

$US'000

3.1 Loan facilities

-

-

3.2 Credit standby arrangements

-

-

$US'000

4.1 Exploration and evaluation

2,500

4.2 Development

45,000

Total

47,500

Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.

Current quarter

$US'000

Previous quarter

$US'000

5.1 Cash on hand and at bank

976

3,999

5.2 Deposits at call

-

-

5.3 Bank overdraft

-

-

5.4 Term deposits

67,633

105,648

Total: cash at end of quarter (item 1.22)

68,609

109,647

Tenement reference

Nature of interest

(note (2))

Interest at beginning of quarter

Interest at end of quarter

6.1 Interest in mining 

tenements relinquished, 

reduced or lapsed

6.2 Interests in mining 

tenements acquired or 

increased

Total number

Number quoted

Issue price per security

(see note 3) 

Amount paid up per security

(see note 3)

7.1 Preference +securities

(description)

7.2 Changes during quarter

(a) increases through issues

(b) decreases through returns

of capital, buy-backs, 

redemptions

7.3 +Ordinary securities

991,940,623

988,059,663

7.4 Changes during quarter

(a) increases through issues/

Options exercise

Broker warrants exercise

(b) decreases through returns

of capital, buy-backs

740,000

3,140,960

740,000

3,140,960

 (see 7.9 below)

(see 7.9 below)

 (see 7.9 below)

(see 7.9 below)

7.5 +Convertible debt securities

(description)

7.6 Changes during quarter

(a) increases through issues

(b) decreases through

securities matured, 

converted

7.7 Options

(description and conversion 

factor)

Employee Option Plan 2006

690,000

2,060,000

250,000

3,500,000

250,000

750,000

125,000

1,000,000

Other Unquoted Options

1,050,000

1,630,150

Broker Warrants

4,770,720

4,636,990

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Exercise Price

A$0.7106

A$1.0500

A$1.4034

A$1.7022

A$1.1999

A$0.7033

A$0.6750

A$1.0000

A$0.3500

A$1.2000

C$1.2000

C$0.6500

Expiry Date

31 Jan 10

24 May 10

15 Oct 10

16 Apr 11

25 Aug 11

28 Oct 11

28 Nov 11

19 Dec 11

31 Oct 10

31 Dec 12

23 Nov 09

10 Feb 11

7.8 Issued during quarter

Unquoted Options

1,630,150

Nil

Exercise Price

A$1.20

Expiry Date

31 Dec 12

7.9 Exercised during quarter

Employee Option Plan 2006

510,000

125,000

105,000

Broker Warrants

1,027,378

613,582

829,280

670,720

510,000

125,000

105,000

1,027,378

613,582

829,280

670,720

Exercise Price

A$0.7106

A$0.6750

A$1.0500

C$0.86

C$0.86

C$1.20

C$0.65

Expiry Date

31 Jan 10

28 Nov 11

24 May 10

11 Apr 09

20 Apr 09

23 Nov 09

10 Feb 11

7.10 Expired/lapsed during quarter

7.11 Debentures  (totals only)

7.12 Unsecured notes(totals only)