SOURCE: Centamin plc

May 10, 2013 02:36 ET

Centamin plc: Egyptian Legal Proceedings Update

PERTH, AUSTRALIA--(Marketwired - May 10, 2013) - Centamin plc (LSE: CEY) (TSX: CEE)

For immediate release                                       10 May 2013

               Centamin plc ("Centamin" or "the Company")
                          (LSE:CEY, TSX:CEE)

                 Egyptian Legal Proceedings Update

The Company has been informed that the first hearing in its appeal
against the decision of the Egyptian Administrative Court on 30 October
2012, which sought to revoke Centamin's exploitation lease for the
Sukari Gold Mine, shall be heard on 19 June 2013 before the Supreme
Administrative Court of Egypt ("SAC").

Prior to such hearing, the Egyptian State Commissioner's Office has
produced a report containing non-binding recommendations for SAC.
Whilst these recommendations are not positive, the Company does not
believe that they address the substantive merits of Centamin's appeal
and as such the Company's grounds of appeal remain unchanged upon the
initial review of the State Commissioners report.

The Company continues to prepare for the appeal hearing and shall
continue to vigorously defend its rights to the Sukari Gold Mine. The
recommendations of the State Commissioner's Office are advisory only
and importantly Centamin notes that in its ruling on 20 March 2013, in
enforcing its decision to suspend the ruling of the Administrative
Court, SAC unanimously held that, "on the basis of the copy of the
exploitation lease executed by the Minister of Petroleum presented to
SAC,the annulment of such lease by the Administrative Court was likely
to be cancelled upon the issuance of a judgment on the merits of the
case."

As such pending the final outcome of the court process, Sukari
continues to operate normally.



For more information please contact:

Centamin plc                                          Buchanan
Josef El-Raghy, Chairman                              Bobby Morse
Andy Davidson, Head of Business Development and       Cornelia Browne
Investor Relations
( andy.davidson@centamin.co.uk )                        Gabriella Clinkard
+44(0)20 7569 1671                                   + 44(0)20 7466 5000

                    This information is provided by RNS
          The company news service from the London Stock Exchange

END

Contact Information