Centamin Egypt Limited

Centamin Egypt Limited

May 02, 2007 12:08 ET

Centamin Egypt Announces Environmental Approval Obtained

TORONTO, ONTARIO--(CCNMatthews - May 2, 2007) - Centamin Egypt Limited (the "Company") (TSX:CEE)(AIM:CEY)(ASX:CNT) is delighted to announce that it has received today Environmental Approval from the Egyptian Environmental Affairs Agency ("EEAA") for the Sukari Gold Project. The EEAA accepted without amendment the Environmental and Social Impact Assessment, submitted by the Company in February 2007.

The Company is delighted with the rapid turnaround of this approval and the co-operation shown by the EEAA and the Egyptian Mineral Resource Authority.

The first civil works contractor arrived on site at Sukari on May 1st to prepare the construction camp pad and grade the access road from the highway to the project site. As outlined in the recent quarterly, work continues on schedule with the dismantling of the Kori Kollo processing plant in Bolivia and the recently acquired 28MW power station in Turkey. The project remains on track for first production in the 3rd quarter of 2008.

For Centamin Egypt Limited

Josef El-Raghy, Managing Director/CEO

2 May, 2007

Information in this report which relates to exploration, geology, sampling and drilling is based on information compiled by geologist Mr. R. Osman who is a full time employee of the Company, and is a member of the Australasian Institute of Mining and Metallurgy with more than five years experience in the fields of activity being reported on, and is a 'Competent Person' for this purpose and is a 'Qualified Person' as defined in National Instrument 43-101 of the Canadian Securities Administrators. His written consent has been received by the Company for this information to be included in this report in the form and context which it appears.

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