Centamin Egypt Limited Progress Update

Centamin Egypt Limited ("Centamin" or "the Company") (TSX:CEE)(LSE:CEY) is
pleased to provide a brief update on progress at the Sukari Gold Project in
Egypt.


Stage 2

Sulphide float and regrind circuit commissioning activities were completed
during April with no major issues being encountered in ramping up to full
production rates. First sulphide ore was fed into the Stage 2 circuit during
late April and gold was produced from Stage 2 after only 8 days. Concentrate
regrind, reagent usage rates, throughput and recoveries are all performing in
line with design expectations.


Stage 3 Expansion 

Design and engineering activities are well underway with orders placed for two
Sandvik Hydrocone CH870 C secondary crushers and two Joest double deck
multislope secondary screens. Multiple tenders have also been issued for further
ancillary equipment. The Stage 3 expansion is targeting an increase plant
throughput to 5Mtpa and remains scheduled for completion mid 2011.


Stage 4 Expansion

A scoping study is underway to determine the optimum process flow route for a
plant expansion up to 10Mtpa. Initial test work has indicated a number of
crushing and grinding alternatives exist to achieve this outcome. Upon
completion of the study, in the second half of 2010, detailed design, costing
and engineering, and ordering of long lead time items will commence. Stage 4
completion is targeted to occur in 2012.


The Company remains on track to produce 200,000 ounces of gold in 2010.

For Centamin Egypt Limited

Josef El-Raghy, Chairman

26 May 2010

ABN 86 007 700 352