Resource Upgrade

7th Aug 2007 08:17

Centamin Egypt Limited07 August 2007 SUKARI GOLD PROJECT RESOURCE UPGRADE HIGHLIGHTS • Sukari JORC compliant resource upgraded to 9.79 million contained ounces of gold • Increase of 779,625 ounces above the JORC compliant resource announced in May 2007 • Cost per ounce discovered to date - US$5 • Resource increase based on 3 months of drilling data • Drilling continues with 9 rigs on site RESOURCE MODELLING The Sukari global resource now stands at 206.22Mt @ 1.48g/t Au for 9.79 Moz Au,at a 0.5g/t Au cut off grade, as set out in the table below: +--------------------------------------------------------------------------------------------------------------+| Total Resource (August 2007 - Global All Data) |+----------+-------------------+-------------------+-----------------------------+-----------------------------+| | Measured | Indicated | Total | Inferred || | | | | || | | | (Measured and Indicated) | |+----------+---------+---------+---------+---------+---------+---------+---------+---------+---------+---------+| Cut-off | Mt | g/t | Mt | g/t | Mt | g/t | Moz | Mt | g/t | Moz |+----------+---------+---------+---------+---------+---------+---------+---------+---------+---------+---------+| 0.5 | 55.76 | 1.39 | 88.53 | 1.41 | 144.29 | 1.40 | 6.50 | 61.9 | 1.6 | 3.3 |+----------+---------+---------+---------+---------+---------+---------+---------+---------+---------+---------+| 0.7 | 39.77 | 1.70 | 63.15 | 1.74 | 102.92 | 1.73 | 5.72 | 45.3 | 2.0 | 3.0 |+----------+---------+---------+---------+---------+---------+---------+---------+---------+---------+---------+| 1 | 25.55 | 2.19 | 40.60 | 2.25 | 66.15 | 2.22 | 4.73 | 30.5 | 2.6 | 2.6 |+----------+---------+---------+---------+---------+---------+---------+---------+---------+---------+---------+ Note to Table: Figures in table may not add correctly due to rounding The resources are estimates of recoverable tonnes and grades using MultipleIndicator Kriging with block support correction. Measured resources lie in areaswhere drilling is available at a nominal 25 x 25 metre spacing, Indicatedresources occur in areas drilled at approximately 25 x 50 metre spacing andInferred resources exist in areas of broader spaced drilling. The resource modelextends from 9700mN to 12200mN and to a maximum depth of 350mRL (a maximum depthof 950 metres below surface) and is based on all assay data available at 02August 2007. Significant growth of the resource occurred in the last 3 months in the AmunDeeps from 10200N to 10500N. This accounted for approximately 70% of the upgradeand further drilling is underway which will continue to add to this highlyprospective area. The Company is very pleased with the continued rapid increase in the size of theSukari Gold deposit and there still exists the potential for further significantresource addition within the same Amun / Ra / Gazelle and Pharaoh zones asdrilling continues. For Centamin Egypt Limited Josef El-Raghy Managing Director/CEO 07 August 2007 For more information please contact: Centamin Egypt Limited Bishopsgate Communications LtdPh: + 61 (8) 9316 2640 + 44 (0) 20 7562 3350Josef El-Raghy Maxine Barnes / Nick Romewww.centamin.com www.bishopsgatecommunications.com Information in this report which relates to exploration, geology, sampling anddrilling is based on information compiled by geologist Mr R Osman who is a fulltime employee of the Company, and is a member of the Australasian Institute ofMining and Metallurgy with more than five years experience in the fields ofactivity being reported on, and is a 'Competent Person' for this purpose and isa Qualified Person as defined in National Instrument 43-101 of the CanadianSecurities Administrators. His written consent has been received by the Companyfor this information to be included in this report in the form and context whichit appears. The assay samples were analysed by Ultra Trace Pty Ltd, CanningVale, Western Australia. The information in this report that relates to mineral resources is based onwork completed by Mr Nicolas Johnson, who is a Member of the AustralianInstitute of Geoscientists. Mr Johnson is a full time employee of Hellman andSchofield Pty Ltd and has sufficient experience which is relevant to the styleof mineralisation and type of deposit under consideration and to the activitywhich he is undertaking to qualify as a Competent Person as defined in the 2004edition of the "Australasian Code for Reporting of Exploration Results, MineralResources and Ore Reserves" and is a Qualified Person as defined in NationalInstrument 43-101 of the Canadian Securities Administrators. Mr Johnson consentsto the inclusion in the report of the matters based on his information in theform and context in which it appears. This information is provided by RNS The company news service from the London Stock Exchange

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