processing plant arrives in egypt

Centamin Processing Plant and Power Plant Arrive in Egypt

October 24, 2007: 07:00 AM EST


Centamin Egypt Limited ("Centamin" or "the Company") (TSX: CEE)(ASX: CNT)(AIM: CEY) which is rapidly developing the world class Sukari gold deposit, is pleased to announce that both the Kori Kollo processing plant and the Isparta power plant have arrived safely at the Egyptian seaport of Alexandria and their cargoes have been discharged.

The dismantling of the Kori Kollo processing facility in Bolivia and the Isparta 28MW power plant in Turkey was completed in September and both sites were closed and signed off. All staff from Bolivia and Turkey have now relocated to Egypt to continue with the reassembly of the plants at Sukari in Egypt's Red Sea Hills region.

The Isparta power plant consisted of 24 pieces of break bulk and 56 containers containing more than 900 individual packages. The Kori Kollo processing plant comprised 270 pieces of break bulk and 55 containers. Trucking of freight has now commenced to the site in the eastern desert and is expected to take several weeks.

This latest development represents an exciting phase for the Company as it takes another step towards the commissioning of the first modern gold mine in Egypt which is scheduled for the fourth quarter of 2008.

For Centamin Egypt Limited

Josef El-Raghy, Managing Director/CEO