Centamin Egypt Limited

Centamin Egypt Limited

Cetamin Eqypt Ltd.

Quarterly Report for the Quarter Endned 31 March 2008

Highlights

? Sukari mineral resource upgraded to 8.12 million ounces of gold Measured and Indicated, plus 3.5 million ounces of gold Inferred at 0.5 g/t cut off grade

? Measured and Indicated resources account for 70% of the total resource

? An increase of 660,000oz Measured and Indicated ounces above the mineral resource announced in December 2007

? Amun Deeps discovery continues to add significant high grade ounces

? 22,430m of drilling completed during the quarter

? Follow up regional exploration drilling at Kurdeman returned significant assay results

? Appointment of Underground Mine Manager

? Process plant site civil works complete using owner mining fleet

? Process plant refurbishment commences on site

? Initial concrete poured in process plant site area

? Sea water pipeline commenced

? Tailings storage facility (TSF) earth works commence

? Drilling continues with 8 rigs on site

? Employees and contractors exceed 600

? Significant intersections received for the quarter include:

Amun Deeps (9900N – 10700N)

? D1280 – 35m @ 164.09g/t Au (including 1m @ 5,420g/t Au)
? D1328 – 19m @ 8.03g/t Au and 72m @ 2.36g/t Au
? D1308 – 11m @ 12.90g/t Au
? D1307 – 19m @ 5.31g/t Au
? D1298 – 19m @ 3.73g/t Au
? D1295 – 16m @ 3.44g/t Au
? D1301 – 51m @ 2.04g/t Au
? D1306 – 86m @ 1.91g/t Au

Kurdeman Prospect

? KRC007 – 17m @ 3.81g/t Au
? KRC011 – 8m @ 7.76g/t Au
? KRC014 – 2m @ 26.59g/t Au
? KRC015 – 2m @ 34.69g/t Au
 

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